TICKERNERD
Menu
MBWMMBWMFinancial Services · Banks - Regional

MBWM Stock Forecast: Mercantile Bank Corp. Price Predictions for 2026-2027

Last close, 8 Oct 2026
$58
+0.29% on the day

The 6 Wall Street analysts covering Mercantile Bank Corp. hold a median 12-month price target of $64 — +9.1% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 74 of 100 as at 8 Oct 2026 — in the upper half. Here, the model and the Street point the same way.

Market cap
$1.0B
Ticker Nerd rank
74 / 100
Median analyst target
$64
Analysts covering
6
Revenue$68.8M+12.8% y/y
Net income$25.9M
Free cash flow$14.9M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−1.2%
1M
−4.1%
YTD
+23.6%
1Y
+32.8%
From 52W high
−6.3%
From 52W low
+39.0%
$42
$62
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

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.

Where the model ranks itAs at 8 Oct 2026
74 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Momentum
86
Quality
81
Growth
72
Revisions
68
Issuance
62
Value
59
Volatility
49
Size
44
Accruals
20

Momentum (86): 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.

Wall Street

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.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$40$45$50$55$60$65Jan 26Apr 26Jul 26Oct 26MBWMHigh $65Median $64Low $60

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

What Wall Street says6 analysts
2 Buy4 Hold0 Sell
Low $60Median $64High $65

The green dot is the last close — the median target sits +9.1% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
22 July 2026Hovde GroupDowngradeMarket Perform$62
22 July 2026Keefe, Bruyette & WoodsMaintainsOutperform$60 → $64
26 June 2026Piper SandlerMaintainsNeutral$57 → $60
26 June 2026Piper SandlerMaintainsNeutral—
21 Jan 2026Keefe, Bruyette & WoodsMaintainsOutperform—
7 Jan 2026Raymond JamesMaintainsOutperform—
22 Oct 2025Raymond JamesReiteratesOutperform—
24 July 2025Raymond JamesUpgradeOutperform—
23 July 2025Keefe, Bruyette & WoodsMaintainsOutperform—
23 July 2025Piper SandlerMaintainsNeutral—
23 Apr 2025Piper SandlerMaintainsNeutral—
22 Jan 2025Keefe, Bruyette & WoodsMaintainsOutperform—
4 Dec 2024Keefe, Bruyette & WoodsMaintainsOutperform—
17 July 2024Keefe, Bruyette & WoodsReiteratesOutperform—
17 July 2024Piper SandlerMaintainsNeutral—
17 Apr 2024Keefe, Bruyette & WoodsReiteratesOutperform—
7 Mar 2023Piper SandlerUpgradeOverweight—
18 Jan 2023Raymond JamesDowngradeMarket Perform—
19 Oct 2022Raymond JamesMaintainsOutperform—
6 Oct 2022Raymond JamesDowngradeOutperform—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

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.

Free, every Monday. Unsubscribe any time.

Performance

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 8 Oct 2026, Mercantile Bank Corp. returned +32.8% against +16.2% for the S&P 500, dividends included.

MBWM vs S&P 500, last 12 monthsTotal return, rebased to 100
90100110120130140Jan 26Apr 26Jul 26Oct 26MBWMS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

MBWM analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+1.7%
Analysts raising
5
Analysts cutting
0
Fundamentals

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.

Valuation
Trailing P/E
10.3×

Cheaper than 57% of US stocks

Price / sales
3.9×

Cheaper than 31% of US stocks

Price / book
1.3×

Cheaper than 59% of US stocks

EV / EBITDA
—
Growth & margins
Revenue growth (YoY)
18.9%

Higher than 68% of US stocks

Earnings growth (YoY)
14.6%

Higher than 53% of US stocks

Gross margin
—
Operating margin
45.6%

Higher than 94% of US stocks

Net margin
36.1%

Higher than 93% of US stocks

Returns & dividend
Return on equity
13.7%

Higher than 72% of US stocks

Return on assets
1.5%

Higher than 55% of US stocks

Dividend yield
2.7%

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.

Key statistics

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 $1.0B 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.

  • Shares outstanding: 17.3M.

  • Trailing P/E: 10.3×; forward P/E: 10.2× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 2.74%, paying out 27% of earnings.

  • Mercantile Bank Corp. employs 827 people — $315K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 8 Oct 2026

Data provided by Twelve Data

Peers

MBWM vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelBanks - Regional
CompanyMarket capTKN rank
MBWMMercantile Bank Corp.$1.0B
74
MCBSMetroCity Bankshares, Inc.$999.4M
64
HBNCHorizon Bancorp, Inc. (Indiana)$1.0B
40
EQBKEquity Bancshares, Inc.$996.9M
25
CCNECNB Financial Corp. (Pennsylvania)$996.5M
71
BFSTBusiness First Bancshares, Inc.$1.0B
72
CPFCentral Pacific Financial Corp.$972.2M
83

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 →

News

Latest MBWM news & analysis

Why Mercantile Bank (MBWM) is a Top Dividend Stock for Your Portfolio

Zacks Investment Research · 7 Oct 2026neutral

A Zacks Investment Research headline asks whether Mercantile Bank (MBWM) has what it takes to be considered a top dividend stock, noting the appeal of dividends and the difficulty of finding strong dividend stocks. The excerpt provides no further assessment.

Why it matters — MBWM watchers may be interested in the article’s focus on the bank as a potential dividend stock, though the excerpt does not state its conclusion.

Mercantile Bank Corporation Announces Third Quarter 2026 Results Conference Call and Webcast

PRNewsWire · 30 Sept 2026neutral

Mercantile Bank Corporation announced that it will host a conference call and webcast to discuss its third quarter 2026 results, scheduled for 10 a.m. The company made the announcement via PRNewswire on Sept. 30, 2026.

Why it matters — MBWM watchers would care because the call provides the opportunity to hear the company's third quarter results directly from management.

Mercantile Bank (MBWM) is a Top Dividend Stock Right Now: Should You Buy?

Zacks Investment Research · 21 Sept 2026positive

Zacks Investment Research highlights Mercantile Bank (MBWM) as a top dividend stock and discusses whether it qualifies as a strong dividend pick for shareholders. The article examines the company's dividend appeal within the context of its standing as a featured dividend stock.

Why it matters — MBWM watchers would care because the item draws attention to the bank's dividend strength and its recognition among dividend-focused stocks.

FAQ

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 8 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank MBWM?

As at 8 Oct 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 (86 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 +9.1% from the last close, and Ticker Nerd's factor model ranks Mercantile Bank Corp. 74 out of 100 as at 8 Oct 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 +32.8% over the 12 months to 8 Oct 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.

What is the latest news on MBWM?

The most recent item we track (Zacks Investment Research, 7 Oct 2026): "Why Mercantile Bank (MBWM) is a Top Dividend Stock for Your Portfolio". A Zacks Investment Research headline asks whether Mercantile Bank (MBWM) has what it takes to be considered a top dividend stock, noting the appeal of dividends and the difficulty of finding strong dividend stocks. The excerpt provides no further assessment.

Company

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