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MBWM Buy
MERCANTILE BANK CORP
Current Price —
Implied Upside —
Analysts 12
30-Day Momentum
▲ 0 upgrades / ▼ 0 downgrades / 1 reiterations from 1 firms
Rating Timeline
| Date ▼ | Firm | Action | From → To Rating | Price Target | Firm Rating |
|---|---|---|---|---|---|
| Oct 21, 2026 | Keefe, Bruyette & Woods | maintain | Outperform → Outperform | — | 58% |
| Jul 22, 2026 | Keefe, Bruyette & Woods | maintain | Outperform → Outperform | — | 58% |
| Jul 22, 2026 | Hovde Group | downgrade | Outperform → Market Perform | — | 68% |
| Jun 26, 2026 | Piper Sandler | maintain | Neutral → Neutral | — | 54% |
| Jan 21, 2026 | Keefe, Bruyette & Woods | maintain | Outperform → Outperform | $57 | 58% |
| Jan 7, 2026 | Raymond James | maintain | Outperform → Outperform | $54 | 54% |
| Oct 22, 2025 | Raymond James | reiterate | Outperform → Outperform | $52 | 54% |
| Jul 24, 2025 | Raymond James | upgrade | Market Perform → Outperform | $55 | 54% |
| Jul 23, 2025 | Piper Sandler | maintain | Neutral → Neutral | $56 | 54% |
| Jul 23, 2025 | Keefe, Bruyette & Woods | maintain | Outperform → Outperform | $56 | 58% |
| Apr 23, 2025 | Piper Sandler | maintain | Neutral → Neutral | $47.5 | 54% |
| Jan 22, 2025 | Keefe, Bruyette & Woods | maintain | Outperform → Outperform | $57 | 58% |
| Dec 4, 2024 | Keefe, Bruyette & Woods | maintain | Outperform → Outperform | $56 | 58% |
| Jul 17, 2024 | Keefe, Bruyette & Woods | reiterate | Outperform → Outperform | $51 | 58% |
| Jul 17, 2024 | Piper Sandler | maintain | Neutral → Neutral | $53 | 54% |
| Apr 17, 2024 | Keefe, Bruyette & Woods | reiterate | Outperform → Outperform | $47 | 58% |
| Mar 7, 2023 | Piper Sandler | upgrade | Neutral → Overweight | $40 | 54% |
| Jan 18, 2023 | Raymond James | downgrade | Outperform → Market Perform | $0 | 54% |
| Oct 19, 2022 | Raymond James | maintain | — → Outperform | $38 | 54% |
| Oct 6, 2022 | Raymond James | downgrade | Strong Buy → Outperform | $35 | 54% |
| Mar 2, 2022 | Raymond James | upgrade | Outperform → Strong Buy | $44 | 54% |
| Jan 19, 2022 | Raymond James | upgrade | Market Perform → Outperform | $44 | 54% |
| Sep 29, 2020 | Piper Sandler | maintain | — → Neutral | $20 | 54% |
| Jul 18, 2018 | Keefe, Bruyette & Woods | maintain | Outperform → Outperform | $41 | 58% |
| Mar 1, 2018 | Keefe, Bruyette & Woods | upgrade | Market Perform → Outperform | $0 | 58% |
| Sep 28, 2017 | DA Davidson | downgrade | Buy → Neutral | $0 | 55% |
| Sep 11, 2017 | DA Davidson | upgrade | Neutral → Buy | $35 | 55% |
| Jul 6, 2017 | DA Davidson | initiate | — → Neutral | $35 | 55% |
| Nov 29, 2016 | Keefe, Bruyette & Woods | downgrade | Outperform → Market Perform | $0 | 58% |
| Aug 25, 2015 | Raymond James | upgrade | Market Perform → Outperform | $23 | 54% |
| Apr 22, 2015 | Keefe, Bruyette & Woods | maintain | — → Outperform | $23 | 58% |
| Jan 21, 2015 | Keefe, Bruyette & Woods | maintain | — → Outperform | $22 | 58% |
| Aug 15, 2014 | Piper Sandler | initiate | — → Buy | $22.5 | 54% |
| Aug 8, 2014 | Keefe, Bruyette & Woods | upgrade | Market Perform → Outperform | $23 | 58% |
| Sep 25, 2013 | DA Davidson | initiate | — → Neutral | $23 | 55% |
| Mar 22, 2013 | FIG Partners | initiate | — → Outperform | $20 | — |
| Jun 25, 2012 | Raymond James | downgrade | Outperform → Market Perform | $0 | 54% |
Price Target Trend
Apr 21, 2026 Latest: $64.17 Oct 24, 2026
EPS Estimates
+1q $1.35
Lo: $1.31 Hi: $1.38
5 analysts 0q $1.38
Lo: $1.33 Hi: $1.45
6 analysts +1y $5.88
Lo: $5.71 Hi: $6.00
6 analysts 0y $5.75
Lo: $5.66 Hi: $5.82
6 analysts ▲5
Cross-Platform Signals
No cross-platform signals in the last 90 days