Analyst Ratings for Mercantile Bank Corporation (MBWM)
MBWM Rating Summary
MBWM Price Target Summary
- Highest: $64.00 (Keefe, Bruyette & Woods)
- Lowest: $54.00 (Stephens)
- Average: $59.25
* Over Last 12-Mos
Overall Rating:
NEUTRAL
Rating Trend:
Avg. $ Target:
$59.25 (-1.3%)
* Over Last 12-Mos
Rating Score: 3.8 / 10
Percentile Rank: 36%
Avg. $ Target:
$59.25 (-1.3%)
* Over Last 12-Mos
Rating Score: 3.8 / 10
Percentile Rank: 36%
| Date | Firm | Analyst | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 7/22/2026 | Hovde Group | Brendan Nosal | Downgrade | Market Perform (Outperform) |
62.00 (N/A) |
59.68 (60.01) |
0.55% | Details |
| 3/24/2026 | Stephens | N/A | New Coverage | Equal Weight (N/A) |
54.00 (N/A) |
50.28 (60.01) |
19.35% | Details |
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