$47.83
0.91% today
Nasdaq, Feb 28, 09:04 pm CET
ISIN
US5873761044
Symbol
MBWM
Sector
Industry

Mercantile Bank Corporation Target price 2025 - Analyst rating & recommendation

Mercantile Bank Corporation Classifications & Recommendation:

Buy
40%
Hold
60%

Mercantile Bank Corporation Price Target

Target Price $53.00
Price $47.40
Potential
Number of Estimates 4
4 Analysts have issued a price target Mercantile Bank Corporation 2026 . The average Mercantile Bank Corporation target price is $53.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 5 analysts: 2 Analysts recommend Mercantile Bank Corporation to buy, 3 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Mercantile Bank Corporation stock has an average upside potential 2026 of . Most analysts recommend the Mercantile Bank Corporation stock at Hold.

Sales and Margin forecast 2025, 2026 & 2027

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Quarter Annually
Dec '24 2025
Estimates
Revenue Million $ 361.89 237.35
19.24% 34.41%
Net Margin 22.00% 32.87%
19.40% 49.40%

4 Analysts have issued a sales forecast Mercantile Bank Corporation 2025 . The average Mercantile Bank Corporation sales estimate is

$237m
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. This is
34.41% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$240m 33.71%
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, the lowest is
$234m 35.43%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $362m 19.24%
2025
$237m 34.41%
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2026
$247m 4.20%
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5 Mercantile Bank Corporation Analysts have issued a net profit forecast 2025. The average Mercantile Bank Corporation net profit estimate is

$78.0m
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. This is
2.03% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$81.1m 1.82%
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, the lowest is
$75.1m 5.68%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2024 $79.6m 3.90%
2025
$78.0m 2.03%
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2026
$79.9m 2.45%
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Net Margin

2024 22.00% 19.40%
2025
32.87% 49.40%
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2026
32.31% 1.70%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 & 2027

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Quarter Annually
Dec '24 2025
Estimates
Earnings Per Share $ 4.93 4.83
3.90% 2.03%
P/E 9.81
EV/Sales 5.71

5 Analysts have issued a Mercantile Bank Corporation forecast for earnings per share. The average Mercantile Bank Corporation <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$4.83
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. This is
2.03% lower
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than earnings per share in the financial year 2024. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$5.02 1.83%
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, the lowest is
$4.65 5.68%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2024 $4.93 3.90%
2025
$4.83 2.03%
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2026
$4.95 2.48%
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P/E ratio

Current 9.61 31.82%
2025
9.81 2.08%
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2026
9.58 2.34%
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Based on analysts' sales estimates for 2025, the Mercantile Bank Corporation stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.75 16.85%
2025
5.71 52.39%
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2026
5.48 4.04%
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P/S ratio

Current 2.11 6.98%
2025
3.22 52.47%
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2026
3.09 4.04%
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Current Mercantile Bank Corporation Upgrades & Downgrades Beta

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Analyst Rating Action Date
Keefe, Bruyette & Woods Locked ➜ Locked Locked Jan 22 2025
Keefe, Bruyette & Woods Locked ➜ Locked Locked Dec 04 2024
Analyst Rating Date
Locked
Keefe, Bruyette & Woods: Locked ➜ Locked
Jan 22 2025
Locked
Keefe, Bruyette & Woods: Locked ➜ Locked
Dec 04 2024

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