Analyst Ratings for Mercantile Bank Corporation (MBWM)
MBWM Rating Summary
MBWM Price Target Summary
- Highest: $57.00 (Raymond James)
- Lowest: $57.00 (Raymond James)
- Average: $57.00
* Over Last 12-Mos
Overall Rating:
BUY
Rating Trend:
Avg. $ Target:
$57.00 (+13.3%)
* Over Last 12-Mos
Rating Score: 5.7 / 10
Percentile Rank: 61%
Avg. $ Target:
$57.00 (+13.3%)
* Over Last 12-Mos
Rating Score: 5.7 / 10
Percentile Rank: 61%
| Date | Firm | Analyst | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 7/24/2025 | Raymond James » Updated 1/21/2026 |
Daniel Tamayo | Upgrade | Outperform (Market Perform) |
57.00 (54.00) |
48.91 (50.33) |
2.9% | Details |
| 1/22/2025 | Hovde Group | Brendan Nosal | Upgrade | Outperform (Market Perform) |
54.00 (N/A) |
46.76 (50.33) |
7.63% | Details |
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