Is Mercantile Bank Corporation (MBWM) a Buy, Sell, or Hold?
NASDAQ : MBWM
Mercantile Bank Corporation — Analyst Ratings
$58.5 USD
$1.32 (2.31%)
- Volume
- 146.59K
- Average Volume
- 134.06K
- Market Capitalization
- $1.01B
- P/E Ratio
- 10.30
- Dividend Yield
- 2.63%
- Price Target
- $63.50
- Year High
- $60.40
- Year Low
- $42.75
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.26
- Current Ratio
- $0.22
Analyst Consensus Summary
Consensus Rating
Neutral
8 Analysts
Rating Score
3/5
Recommendation Strength
Upside/Downside
-7.9%
vs Current Price
Price Target
$63.50
Average TargetPrice Target Range
Lowest Target
$62.00
-5.6% DOWNSIDE
Average Target
$63.50
Median Estimate
Highest Target
$65.00
-10.0% DOWNSIDEAnalyst Breakdown
Overall Consensus: Buy | Total Analysts: 8
| Strong Buy | Buy | Hold | Sell | Strong Sell |
|---|---|---|---|---|
| 0 | 5 | 3 | 0 | 0 |
Analyst Ratings (Detailed)
| Analyst Company | Analyst Name | Price Target | Price When Posted | Date | Upside/Downside |
|---|---|---|---|---|---|
| Hovde Group | Brendan Nosal | $62 | $59.68 | 2026-07-22 06:02 AM | 3.9% |
| Piper Sandler | Nathan Race | $60 | $56.27 | 2026-06-26 07:52 AM | 6.6% |
| Raymond James | Daniel Tamayo | $57 | $50.63 | 2026-01-21 04:27 AM | 12.6% |
| Raymond James | Daniel Tamayo | $54 | $48.76 | 2026-01-07 05:51 AM | 10.7% |