MBWMFinancial Services · Banks - RegionalThe 6 Wall Street analysts covering Mercantile Bank Corp. hold a median 12-month price target of $65 — +8.7% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 78 of 100 as at 31 Oct 2026 — inside the top quartile. Here, the model and the Street point the same way.
Consensus tells you what everyone already believes. The model scores Mercantile Bank Corp. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Momentum (91): The shares have been drifting up relative to others.
Accruals (18): A large share of reported profit has not shown up as cash, or the balance sheet is expanding quickly — both tend to unwind.
Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.
The bullish and bearish analyst opinions on MBWM, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +8.7% from it.
Of the 20 most recent actions, 3 moved their price target up and 0 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 21 Oct 2026 | Keefe, Bruyette & Woods | Maintains | Outperform | $64 → $65 |
| 22 July 2026 | Hovde Group | Downgrade | Market Perform | $62 |
| 22 July 2026 | Hovde Group | Downgrade | Market Perform | — |
| 22 July 2026 | Keefe, Bruyette & Woods | Maintains | Outperform | $60 → $64 |
| 22 July 2026 | Keefe, Bruyette & Woods | Maintains | Outperform | — |
| 26 June 2026 | Piper Sandler | Maintains | Neutral | $57 → $60 |
| 26 June 2026 | Piper Sandler | Maintains | Neutral | — |
| 21 Jan 2026 | Keefe, Bruyette & Woods | Maintains | Outperform | — |
| 7 Jan 2026 | Raymond James | Maintains | Outperform | — |
| 22 Oct 2025 | Raymond James | Reiterates | Outperform | — |
| 24 July 2025 | Raymond James | Upgrade | Outperform | — |
| 23 July 2025 | Keefe, Bruyette & Woods | Maintains | Outperform | — |
| 23 July 2025 | Piper Sandler | Maintains | Neutral | — |
| 23 Apr 2025 | Piper Sandler | Maintains | Neutral | — |
| 22 Jan 2025 | Keefe, Bruyette & Woods | Maintains | Outperform | — |
| 4 Dec 2024 | Keefe, Bruyette & Woods | Maintains | Outperform | — |
| 17 July 2024 | Keefe, Bruyette & Woods | Reiterates | Outperform | — |
| 17 July 2024 | Piper Sandler | Maintains | Neutral | — |
| 17 Apr 2024 | Keefe, Bruyette & Woods | Reiterates | Outperform | — |
| 7 Mar 2023 | Piper Sandler | Upgrade | Overweight | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
MBWM appears in the Radar on the weeks it earns a place.
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Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 30 Oct 2026, Mercantile Bank Corp. returned +40.6% against +12.4% for the S&P 500, dividends included.
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Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 56% of US stocks
Cheaper than 31% of US stocks
Cheaper than 56% of US stocks
Higher than 65% of US stocks
Higher than 38% of US stocks
Higher than 93% of US stocks
Higher than 92% of US stocks
Higher than 72% of US stocks
Higher than 54% of US stocks
Higher than 84% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
Mercantile Bank Corp. has a market value of $1.0B and an enterprise value of $1.1B.
Revenue in the twelve months to 30 June 2026: $260.8M. The latest quarter grew 16.6% year on year.
Net income over the same four quarters: $95.2M, a 36.5% net margin.
Diluted earnings per share, trailing twelve months: $5.68.
Free cash flow in the twelve months to 30 June 2026: $68.2M.
Mercantile Bank Corp. spent $25.4M on dividends in the twelve months to 30 June 2026.
Trailing P/E: 10.6×; forward P/E: 10.2× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 2.67%, paying out 28% of earnings.
Mercantile Bank Corp. employs 812 people — $321K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own Mercantile Bank Corp. — and when they’d sell — is the membership. See the Ticker Nerd 20 →
Mercantile Bank (MBWM) was upgraded to Zacks Rank #2 (Buy), reflecting growing optimism about its earnings prospects.
Why it matters — The upgrade signals increased optimism about MBWM’s earnings prospects, which may be relevant to investors following the company.
The Motley Fool highlighted that Mercantile Bank’s net interest margin expanded to 3.7% in the third quarter and commercial loans grew 9% from the prior year-end.
Why it matters — These figures provide MBWM watchers with an update on the bank’s margin and commercial loan growth.
Mercantile Bank Corporation held its third-quarter 2026 earnings conference call on October 20, 2026. The excerpt lists company executives and participating analysts but provides no earnings results or discussion details.
Why it matters — MBWM watchers can note the call took place, but the provided text does not convey financial performance or management commentary.
Mercantile Bank reported third-quarter 2026 net income of $24.1 million, or $1.39 per diluted share, compared with $23.8 million, or $1.46 per diluted share, in the prior-year quarter. For the first nine months of 2026, net income increased to $72.7 million from $65.9 million year over year.
Why it matters — The results give MBWM watchers a comparison of quarterly and year-to-date earnings against the same periods in 2025.
Zacks Investment Research says Mercantile Bank’s Q3 top- and bottom-line results reflect performance in the quarter ended September 2026, and points to key metrics for comparison with Wall Street estimates and year-ago values.
Why it matters — MBWM watchers may find the metrics useful for assessing the quarter alongside headline earnings figures.
The 6 Wall Street analysts covering Mercantile Bank Corp. have a median 12-month price target of $65, with estimates ranging from $62 to $66. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 6 analysts covering Mercantile Bank Corp., 2 rate it a Buy, 4 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Mercantile Bank Corp. 78 out of 100 across roughly 4,600 US stocks as at 31 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 31 Oct 2026, Mercantile Bank Corp. ranks 78 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Momentum (91 of 100).
No one can know that. What the data says: the median 12-month target from 6 analysts implies +8.7% from the last close, and Ticker Nerd's factor model ranks Mercantile Bank Corp. 78 out of 100 as at 31 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering Mercantile Bank Corp. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for MBWM are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $62 to $66 over the next 12 months.
Mercantile Bank Corp. returned +40.6% over the 12 months to 30 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
Mercantile Bank Corporation is a bank holding company based in Grand Rapids, Michigan. Through Mercantile Bank and Eastern Michigan Bank, it provides commercial and retail banking services to individuals, small- and medium-sized businesses, and local institutions across the United States.
The most recent item we track (Zacks Investment Research, 26 Oct 2026): "Mercantile Bank (MBWM) Upgraded to Buy: Here's Why". Mercantile Bank (MBWM) was upgraded to Zacks Rank #2 (Buy), reflecting growing optimism about its earnings prospects.
Mercantile Bank Corporation is a bank holding company based in Grand Rapids, Michigan. Through Mercantile Bank and Eastern Michigan Bank, it provides commercial and retail banking services to individuals, small- and medium-sized businesses, and local institutions across the United States. Its offerings include deposit accounts, lending solutions, payment cards, cash management, mobile and online banking, and treasury management services. The company serves as a regional financial intermediary, supporting everyday banking needs as well as specialized business banking and lending activities. Mercantile Bank Corporation plays a significant role in community and regional banking, with a focus on relationship-based financial services and practical banking solutions for personal and commercial customers.
CEO Mr. Raymond E. Reitsma · 812 employees · United States · https://www.mercbank.com
