MBWMFinancial Services · Banks - RegionalMBWM Stock Forecast: Mercantile Bank Corp. Price Predictions for 2026-2027
The 6 Wall Street analysts covering Mercantile Bank Corp. hold a median 12-month price target of $64 — +2.9% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 74 of 100 as at 12 Sept 2026 — in the upper half. Here, the model and the Street point the same way.
MBWM stock analysis: one number for the whole business
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 (20): 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 quant trader with fourteen years in markets.
MBWM stock forecast 2026-2027: analyst price targets & predictions
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 +2.9% from it.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 22 July 2026 | Hovde Group | Downgrade | Market Perform | $62 |
| 22 July 2026 | Keefe, Bruyette & Woods | Maintains | Outperform | $60 → $64 |
| 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 | — |
| 18 Jan 2023 | Raymond James | Downgrade | Market Perform | — |
| 19 Oct 2022 | Raymond James | Maintains | Outperform | — |
| 6 Oct 2022 | Raymond James | Downgrade | Outperform | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
This page is one stock. Monday covers all of them.
Computed off the Friday close and sent before the US open.
Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. MBWM appears on the weeks it earns a place.
MBWM vs the S&P 500
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 11 Sept 2026, Mercantile Bank Corp. returned +31.6% against +17.5% for the S&P 500, dividends included.
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Data provided by Twelve Data
MBWM analyst estimate revisions
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
Mercantile Bank Corp. (MBWM) financial data
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
- Trailing P/E
- 10.9×
- Price / sales
- 4.0×
- Price / book
- 1.4×
- EV / EBITDA
- —
Cheaper than 57% of US stocks
Cheaper than 30% of US stocks
Cheaper than 58% of US stocks
- Revenue growth (YoY)
- 18.9%
- Earnings growth (YoY)
- 14.6%
- Gross margin
- —
- Operating margin
- 45.6%
- Net margin
- 36.1%
Higher than 68% of US stocks
Higher than 52% of US stocks
Higher than 94% of US stocks
Higher than 93% of US stocks
- Return on equity
- 13.7%
- Return on assets
- 1.5%
- Dividend yield
- 2.6%
Higher than 72% of US stocks
Higher than 55% of US stocks
Higher than 56% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
Mercantile Bank Corp. (MBWM) statistics: revenue, profit & scale
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 $1.1B and an enterprise value of $1.4B.
Revenue in the twelve months to 30 June 2026: $260.8M. The latest quarter grew 18.9% 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: 10.9×; forward P/E: 10.7× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 2.59%, paying out 27% of earnings.
Mercantile Bank Corp. employs 827 people — $315K of revenue per employee.
Data provided by Twelve Data
MBWM vs competitors
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 →
Frequently asked questions about MBWM stock
What is the MBWM stock price forecast for 2026-2027?
The 6 Wall Street analysts covering Mercantile Bank Corp. have a median 12-month price target of $64, with estimates ranging from $60 to $65. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Is MBWM stock a buy right now?
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. 74 out of 100 across roughly 4,600 US stocks as at 12 Sept 2026. None of this is personal advice — it does not consider your circumstances.
How does Ticker Nerd's model rank MBWM?
As at 12 Sept 2026, Mercantile Bank Corp. ranks 74 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).
Will MBWM stock go up?
No one can know that. What the data says: the median 12-month target from 6 analysts implies +2.9% from the last close, and Ticker Nerd's factor model ranks Mercantile Bank Corp. 74 out of 100 as at 12 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
What is the MBWM stock forecast for 2030?
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: $60 to $65 over the next 12 months.
How has MBWM stock performed over the past year?
Mercantile Bank Corp. returned +31.6% over the 12 months to 11 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.
What does Mercantile Bank Corp. do?
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.
About Mercantile Bank Corp.
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 · 827 employees · United States · https://www.mercbank.com