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Mercantile Bank (MBWM): analyst forecast and price target
Analyst consensus
Hold1 Buy3 Hold0 Sell
Ratings of 4 analysts in the last 3 months · top analysts only12-month forecast
Based on 4 price targets given in the last 3 months, the average target is $62.75, the highest $65.00, the lowest $60.00. The average is +7.1% from the last price of $58.61.
| Analyst | Firm | Price target | Rating | Upside | Action | Date | Move vs SPY | |
|---|---|---|---|---|---|---|---|---|
| AI xAi Banks - RegionalxAI Grok-3 | TipRanks - xAI | $70.00 → $68.00−2.9% | Buy | +16.0% | Reiterated | 26.09.26on TipRanks Sep 25 23:05 | — | |
| AI DeepSeek Banks - RegionalDeepSeek R1-0528 | TipRanks - DeepSeek | $70.00 → $67.00−4.3% | Buy | +14.3% | Reiterated | 26.09.26on TipRanks Sep 25 23:05 | — | |
| AI OpenAI Banks - RegionalOpenAI 4o | TipRanks - OpenAI | $69.00 → $65.00−5.8% | Buy | +10.9% | Reiterated | 26.09.26on TipRanks Sep 25 23:05 | — | |
| AI Anthropic Banks - RegionalAnthropic Opus-4.1 | TipRanks - Anthropic | $65.00 → $64.00−1.5% | Hold | +9.2% | Reiterated | 26.09.26on TipRanks Sep 25 23:05 | — | |
| AI Google Banks - RegionalGemini 2.5Pro | TipRanks - Google | $71.00 → $68.00−4.2% | Buy | +16.0% | Reiterated | 26.09.26on TipRanks Sep 25 23:05 | — | |
| AI PerPlexity Banks - RegionalPerPlexity SonarPro | TipRanks - PerPlexity | $71.00 → $68.00−4.2% | Buy | +16.0% | Reiterated | 26.09.26on TipRanks Sep 25 23:05 | — | |
| Nicholas Holowko★★★★★★★★★★#2435 · hits 80% · avg +13.7% | UBS | $65.00 | Buy | +10.9% | Initiated | 01.09.26on TipRanks Sep 4 21:09 | −0.4%next day +2.7% · 5 days +2.6% | ↗ |
| Matthew Breese★★★★★★★★★★#1860 · hits 60% · avg +8.3% | Stephens | $60.00 | Hold | +2.4% | Reiterated | 22.07.26on TipRanks Jul 24 05:11 | −3.0%next day +0.2% · 5 days +7.0% | ↗ |
| Nathan Race★★★★★★★★★★#325 · hits 68% · avg +14.5% | Piper Sandler | $60.00 → $65.00+8.3% | Hold | +10.9% | Reiterated | 22.07.26on TipRanks Jul 24 05:11 | −3.0%next day +0.2% · 5 days +7.0% | ↗ |
| Brendan Nosal★★★★★★★★★★#2692 · hits 60% · avg +8.1% | Hovde Group | $62.00 | Hold | +5.8% | Downgrade | 22.07.26on TipRanks Jul 24 05:11 | −3.0%next day +0.2% · 5 days +7.0% | ↗ |
| Damon Delmonte★★★★★★★★★★#129 · hits 83% · avg +20.0% | KBW | $60.00 → $64.00+6.7% | Buy | +9.2% | Reiterated | 22.07.26on TipRanks Jul 24 05:11 | −3.0%next day +0.2% · 5 days +7.0% | ↗ |
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The latest rating of each analyst in the last 12 months, as TipRanks lists them. Every rating kept, earlier ones included
Best analysts covering Mercantile Bank
TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.
Most accurate
Most profitable
How the average price target moved
The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $63.20 at a price of $58.32 (+8.4%); now: $63.20 at $58.61 (+7.8%).
PriceAverage targetTop analysts’ target
Recommendation trend · top analysts
Strong BuyBuyHoldSell
| Rating | 05.26 | 06.26 | 07.26 | 08.26 | 09.26 | 10.26 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Hold | 1 | 1 | 4 | 4 | 3 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Earnings and sales forecast
Next report: 20.10.26 (Q3 2026, date not confirmed)
Earnings per share
Next quarter’s EPS estimate — $1.35 (from $1.32 to $1.37). Last quarter: $1.50.
Sales
Next quarter’s sales estimate — $71M (from $70M to $72M). Last quarter: $98M.
Best top-analyst consensus in the sector · Financial
About Mercantile Bank
- CEO: Raymond E. Reitsma
- Employees: 765
- 310 Leonard Street NW, Grand Rapids, MI, 49504, US
- www.mercbank.com
Mercantile Bank Corporation serves as the parent holding company for Mercantile Bank of Michigan, providing a full spectrum of commercial and personal banking solutions to small and mid-sized businesses, as well as individual customers, across the United States. The institution facilitates a diverse range of deposit offerings, including checking, savings, term certificates, time deposits, and certificates of deposit (CDs). Its extensive lending portfolio encompasses commercial and industrial financing; loans for vacant land, property development, and new home construction; mortgages for both owner-occupied and investment real estate (such as multi-family and rental properties); single-family residential loans; home equity lines of credit (HELOCs); and various consumer loans, including funding for new and pre-owned vehicles, watercraft, credit cards, and overdraft protection, alongside residential mortgage and installment options. Beyond core banking, Mercantile Bank supplies additional conveniences like courier services and secure deposit boxes. It also markets a comprehensive array of insurance policies, such as coverage for private auto, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella liability, small business needs, and life insurance. The bank's infrastructure further includes 22 automated teller machines (ATMs) and 19 video banking machines. As of January 18, 2022, the company maintained 44 branch locations. Established in 1997, Mercantile Bank Corporation's main office is situated in Grand Rapids, Michigan.
Data from the stock’s TipRanks forecast page, read 109 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗