Mercantile Bank Corporation Forecast, price target & analysts
Mercantile Bank Corporation Target price 2026 - Analyst rating & recommendation
Mercantile Bank Corporation Classifications & Recommendation
Mercantile Bank Corporation Price Target
| Target Price | $64.77 |
| Price | $60.38 |
| Potential |
7.27%
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|
| Number of Estimates | 8 |
|
8 Analysts have issued a price target Mercantile Bank Corporation 2027 .
The average Mercantile Bank Corporation target price is $64.77.
This is
7.27%
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$68.25
13.03%
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$60.60
0.36%
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|
|
| A rating was issued by 12 analysts: 8 Analysts recommend Mercantile Bank Corporation to buy, 4 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 2027 of
7.27%
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|
Sales and Margin forecast 2026, 2027 & 2028
| Dec '25 |
2026 Estimates |
|
|---|---|---|
| Revenue Million $ | 242.65 | 285.17 |
| 4.83% | 17.52% | |
| Net Margin | 36.58% | 34.37% |
| 6.38% | 6.03% |
7 Analysts have issued a sales forecast Mercantile Bank Corporation 2026 . The average Mercantile Bank Corporation sales estimate is
This results in the following potential growth metrics:
8 Mercantile Bank Corporation Analysts have issued a net profit forecast 2026. The average Mercantile Bank Corporation net profit estimate is
This results in the following potential growth metrics and future Net Margins:
Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 & 2028
| Dec '25 |
2026 Estimates |
|
|---|---|---|
| Earnings Per Share $ | 5.47 | 5.67 |
| 10.95% | 3.66% | |
| P/E | 10.68 | |
| EV/Sales | 5.02 |
8 Analysts have issued a Mercantile Bank Corporation forecast for earnings per share. The average Mercantile Bank Corporation EPS is
This results in the following potential growth metrics and future valuations:
Mercantile Bank Corporation...
Current Mercantile Bank Corporation Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| Hovde Group |
Locked
➜
Locked
|
Locked | Jul 22 2026 |
| Keefe, Bruyette & Woods |
Locked
➜
Locked
|
Locked | Jul 22 2026 |
| Piper Sandler |
Locked
➜
Locked
|
Locked | Jun 26 2026 |
| Keefe, Bruyette & Woods |
Locked
➜
Locked
|
Locked | Jan 21 2026 |
| Raymond James |
Locked
➜
Locked
|
Locked | Jan 07 2026 |
| Raymond James |
Locked
➜
Locked
|
Locked | Oct 22 2025 |
| Raymond James |
Locked
➜
Locked
|
Locked | Jul 24 2025 |
| Analyst Rating | Date |
|---|---|
|
Locked
Hovde Group:
Locked
➜
Locked
|
Jul 22 2026 |
|
Locked
Keefe, Bruyette & Woods:
Locked
➜
Locked
|
Jul 22 2026 |
|
Locked
Piper Sandler:
Locked
➜
Locked
|
Jun 26 2026 |
|
Locked
Keefe, Bruyette & Woods:
Locked
➜
Locked
|
Jan 21 2026 |
|
Locked
Raymond James:
Locked
➜
Locked
|
Jan 07 2026 |
|
Locked
Raymond James:
Locked
➜
Locked
|
Oct 22 2025 |
|
Locked
Raymond James:
Locked
➜
Locked
|
Jul 24 2025 |
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