Mercantile Bank (MBWM) Stock Forecast & Price Target

-0.07 (-0.18%)
(As of 05/17/2024 08:53 PM ET)

Mercantile Bank Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Based on 3 Analyst Ratings

Analysts' Consensus Price Target

17.82% Upside
High Forecast$47.00
Average Forecast$47.00
Low Forecast$47.00
TypeCurrent Forecast
5/21/23 to 5/20/24
1 Month Ago
4/21/23 to 4/20/24
3 Months Ago
2/20/23 to 2/20/24
1 Year Ago
5/21/22 to 5/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
2 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$47.00$47.00$40.00$39.67
Predicted Upside17.82% Upside39.34% Upside17.34% Upside15.59% Upside
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MBWM Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MBWM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Mercantile Bank Stock vs. The Competition

TypeMercantile BankFinance CompaniesS&P 500
Consensus Rating Score
Consensus RatingHoldHoldHold
Predicted Upside17.82% Upside55.73% Upside7.85% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/8/2024Janney Montgomery Scott
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J. Rodis
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DowngradeBuy ➝ Neutral
4/17/2024Keefe, Bruyette & Woods
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 Reiterated RatingOutperform ➝ Outperform$47.00+39.34%
3/4/2024Hovde Group
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 DowngradeOutperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:21 AM ET.

MBWM Price Target - Frequently Asked Questions

What is Mercantile Bank's consensus rating and price target?

According to the issued ratings of 3 analysts in the last year, the consensus rating for Mercantile Bank stock is Hold based on the current 2 hold ratings and 1 buy rating for MBWM. The average twelve-month price prediction for Mercantile Bank is $47.00 with a high price target of $47.00 and a low price target of $47.00. Learn more on MBWM's analyst rating history.

Do Wall Street analysts like Mercantile Bank more than its competitors?

Analysts like Mercantile Bank less than other Finance companies. The consensus rating score for Mercantile Bank is 2.33 while the average consensus rating score for finance companies is 2.44. Learn more on how MBWM compares to other companies.

Is Mercantile Bank being downgraded by Wall Street analysts?

Over the previous 90 days, Mercantile Bank's stock had 2 downgrades by analysts.

Does Mercantile Bank's stock price have much upside?

According to analysts, Mercantile Bank's stock has a predicted upside of 39.34% based on their 12-month stock forecasts.

What analysts cover Mercantile Bank?

Mercantile Bank has been rated by Hovde Group, Janney Montgomery Scott, and Keefe, Bruyette & Woods in the past 90 days.

Stock Ratings Reports and Tools

This page (NASDAQ:MBWM) was last updated on 5/20/2024 by Staff

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