Mercantile Bank Corporation (MBWM) Stock Forecast & Price Target
Mercantile Bank Corporation · NASDAQ
$58.67+0.17 (+0.29%)
15-min delayed · Jul 27, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 3 firms covering Mercantile Bank Corporation, 2 rate it Buy or better, 1 sit at Hold, and 0 rate it Sell or worse, a moderate buy consensus. Targets are tightly clustered, $54.00 to $60.00, so the covering firms are broadly aligned. The average target of $57.00 sits 3% below the current $58.67. The rating mix has held broadly steady over recent months. On the fundamentals, the Street sees consensus EPS building from about $1.37 next quarter toward $5.74 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS3 ratings
Moderate Buy
Strong Buy00%
Buy267%
Hold133%
Sell00%
Strong Sell00%
Based on 3 analysts giving stock ratings to Mercantile Bank Corporation.
As of Jul, 2 of 3 firms rate MBWM a Buy (1 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
MBWM EPS & revenue forecast
EPS · NEXT QUARTER
$1.37
Range $1.34 – $1.40 · 6 analysts · -2% YoY
Next period, 6 analysts expect Mercantile Bank Corporation to earn $1.37 a share (range $1.34 – $1.40), versus $1.40 a year earlier. Full-year consensus is $5.69, growing to $5.74 the year after.
REVENUE · NEXT QUARTER
$71.9M
Range $70.9M – $72.9M · 6 analysts · +16% YoY
Revenue is expected to reach $71.9M (range $70.9M – $72.9M), +15.8% year-over-year. Full-year consensus is $279.2M, rising to $295.8M next year.
Top analysts covering Mercantile Bank Corporation
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on MBWM.
#1
Nathan Race
Piper Sandler · Rank #42
Hold
$60.00+2.3% to target
Overall win rate
53%
+ Follow
#2
DD
Damon Delmonte
Keefe, Bruyette & Woods · Rank #138
Buy
$60.00+2.3% to target
Overall win rate
45%
+ Follow
#3
Daniel Tamayo
Raymond James · Rank #141
Buy
$54.00-8.0% to target
Overall win rate
40%
+ Follow
#4
MB
Matthew Breese
Stephens
Hold
$54.00-8.0% to target
Coverage
—
+ Follow
#5
BN
Brandan Nosal
Piper Sandler
Hold
$47.50-19.0% to target
Coverage
—
+ Follow
MBWM stock forecast FAQ
What is MBWM's average 12-month price target?+
The 3 analysts with a live target average $57.00 for Mercantile Bank Corporation over the next 12 months, ranging from a $60.00 high to a $54.00 low.
Is MBWM stock a Buy, Sell or Hold right now?+
The current consensus is Moderate Buy. Of the 3 analyst ratings, 2 are Buy or Strong Buy, 1 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for MBWM?+
The Street-high target is $60.00 (Piper Sandler), and the Street-low is $54.00 (Raymond James). The average of all 3 active targets is $57.00.
How many Wall Street analysts cover MBWM?+
3 analysts have an active rating on Mercantile Bank Corporation, and 3 firms carry a live 12-month price target.
Who is the most accurate analyst covering MBWM?+
Among analysts who currently cover MBWM, Nathan Race of Piper Sandler has the strongest overall Quantellect track record (Rank #42). Their current call is Hold with a $60.00 target.
What is Mercantile Bank Corporation's projected EPS for next quarter?+
The consensus estimate is $1.37 per share (range $1.34 – $1.40) across 6 analysts. Full-year EPS is projected at $5.69, rising to $5.74 the following year.
How much revenue is Mercantile Bank Corporation expected to report next quarter?+
Consensus revenue is $71.9M (range $70.9M – $72.9M). Full-year revenue is projected at $279.2M, growing to $295.8M next year.
Have analysts been upgrading or downgrading MBWM lately?+
As of Jul, 2 of 3 firms rate MBWM a Buy (1 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their MBWM calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
