Mercantile Bank Corporation MBWM
Set alert
61.20 USD +1.39 +2.32%
At close
60.73 -0.47 -0.77%
Pre-market · Nov 3, 7:21 AM ET
59.94 Day range 61.47
43.00 52-week range 62.95
- YTD
- +27.23%
- 1 year
- +39.57%
- Open
- 60.06
- Prev close
- 59.81
- Mkt cap
- 1.06B
- Vol
- 109.55K
- Avg vol
- 114.95K
- EPS
- 5.75
- P/E
- 10.64
- Div yield
- 2.64%
More statistics
- Low
- 59.94
- High
- 61.47
- Forward P/E
- 10.41
- Beta
- 0.83
- Short ratio
- 4.89
- Inst. own
- 71.89%
- Dividend
- 1.60
- Ex-div date
- Dec 3, 2026
- Earnings
- Jan 19, 2027
- 50-d avg
- 59.74
- 200-d avg
- 55.42
- 1y target
- 64.17
Analyst view
Consensus: hold
Hold
Price target (mean) 64.17 +4.8% upside
Now 61.20
- Target (low)
- 62.00
- Target (mean)
- 64.17
- Target (high)
- 66.00
Ratings (0m) 6 2 buy · 4 hold · 0 sell
- Strong buy2
- Buy0
- Hold4
- Sell0
- Strong sell0
Recommendation trend
- This month 6
- 1 month ago 6
- 2 months ago 6
Earnings and revenue estimates
Consensus for the coming quarters and fiscal years
| Period | EPS estimate | Low – high | Year ago | EPS growth | Revenue estimate | Revenue growth | Analysts |
|---|---|---|---|---|---|---|---|
| Current quarter | 1.38 | 1.33 – 1.45 | 1.40 | -1.2% | 72.82M | +17.3% | 6 |
| Next quarter | 1.35 | 1.31 – 1.38 | 1.46 | -7.4% | 72.84M | +7.8% | 5 |
| Current year | 5.75 | 5.66 – 5.82 | 5.47 | +5.2% | 282.29M | +16.3% | 6 |
| Next year | 5.88 | 5.71 – 6.00 | 5.75 | +2.2% | 303.15M | +7.4% | 6 |
Upgrades and downgrades
The latest rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 21, 2026 | Keefe, Bruyette & Woods | Maintained | Outperform | Outperform |
| Jul 22, 2026 | Keefe, Bruyette & Woods | Maintained | Outperform | Outperform |
| Jul 22, 2026 | Hovde Group | Downgrade | Outperform | Market Perform |
| Jun 26, 2026 | Piper Sandler | Maintained | Neutral | Neutral |
| Jan 21, 2026 | Keefe, Bruyette & Woods | Maintained | Outperform | Outperform |
| Jan 7, 2026 | Raymond James | Maintained | Outperform | Outperform |
| Oct 22, 2025 | Raymond James | Reiterated | Outperform | Outperform |
| Jul 24, 2025 | Raymond James | Upgrade | Market Perform | Outperform |
| Jul 23, 2025 | Piper Sandler | Maintained | Neutral | Neutral |
| Jul 23, 2025 | Keefe, Bruyette & Woods | Maintained | Outperform | Outperform |
| Apr 23, 2025 | Piper Sandler | Maintained | Neutral | Neutral |
| Jan 22, 2025 | Keefe, Bruyette & Woods | Maintained | Outperform | Outperform |
| Dec 4, 2024 | Keefe, Bruyette & Woods | Maintained | Outperform | Outperform |
| Jul 17, 2024 | Keefe, Bruyette & Woods | Reiterated | Outperform | Outperform |
| Jul 17, 2024 | Piper Sandler | Maintained | Neutral | Neutral |
| Apr 17, 2024 | Keefe, Bruyette & Woods | Reiterated | Outperform | Outperform |
| Mar 7, 2023 | Piper Sandler | Upgrade | Neutral | Overweight |
| Jan 18, 2023 | Raymond James | Downgrade | Outperform | Market Perform |
| Oct 19, 2022 | Raymond James | Maintained | — | Outperform |
| Oct 6, 2022 | Raymond James | Downgrade | Strong Buy | Outperform |
| Mar 2, 2022 | Raymond James | Upgrade | Outperform | Strong Buy |
| Jan 19, 2022 | Raymond James | Upgrade | Market Perform | Outperform |
| Sep 29, 2020 | Piper Sandler | Maintained | — | Neutral |
| Jul 18, 2018 | Keefe, Bruyette & Woods | Maintained | Outperform | Outperform |
| Mar 1, 2018 | Keefe, Bruyette & Woods | Upgrade | Market Perform | Outperform |
| Sep 28, 2017 | DA Davidson | Downgrade | Buy | Neutral |
| Sep 11, 2017 | DA Davidson | Upgrade | Neutral | Buy |
| Jul 6, 2017 | DA Davidson | Initiated | — | Neutral |
| Nov 29, 2016 | Keefe, Bruyette & Woods | Downgrade | Outperform | Market Perform |
| Aug 25, 2015 | Raymond James | Upgrade | Market Perform | Outperform |