MBWM Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

62.16M

+6.19%

1.366

+11.97%

65.17M

+13.84%

1.290

+6.61%

66.82M

+9.64%

1.345

-3.24%

Estimates Revision

The market is revising Upward the revenue expectations for Mercantile Bank Corporation (MBWM) for FY2025, with the revenue forecasts being adjusted by 0.14% over the past three months. During the same period, the stock price has changed by 10.85%.

Revenue Estimates for FY2025

Revise Upward

+0.14%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+3.28%

In Past 3 Month

Stock Price

Go Up

+10.85%

In Past 3 Month

2 Analyst Rating

Wall Street analysts forecast MBWM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MBWM is 54.00 USD with a low forecast of 52.00 USD and a high forecast of 56.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Buy

0 Hold

0 Sell

Moderate Buy

Current: 0.000

Low

52.00

Averages

54.00

High

56.00

Current: 0.000

Low

52.00

Averages

54.00

High

56.00

Piper Sandler

Neutral

maintain

$55

2026-01-08

New

Reason

Piper Sandler

Price Target

$55

2026-01-08

New

maintain

Neutral

Reason

Piper Sandler raised the firm's price target on Mercantile Bank to $55.50 from $55 and keeps a Neutral rating on the shares. The firm updates its estimates following the recent closing of the company's acquisition of Eastern Michigan Financial. Piper remains on the sidelines given limited visibility of drivers for Mercantile Bank to garner more of a premium valuation.

Raymond James

Daniel Tamayo

Outperform

maintain

$52 -> $54

2026-01-07

New

Reason

Raymond James

Daniel Tamayo

Price Target

$52 -> $54

2026-01-07

New

maintain

Outperform

Reason

Raymond James analyst Daniel Tamayo raised the firm's price target on Mercantile Bank to $54 from $52 and keeps an Outperform rating on the shares. Forecasts were updated to reflect a smaller balance sheet impact from the Eastern Michigan acquisition, slower loan growth, and greater near-term net interest margin pressure from recent rate cuts, partly offset by lower loss provisions and expense growth, the analyst tells investors in a research note. Despite expected Q4 NIM contraction and loan growth below guidance, strong profitability, solid growth, and credit quality support the view that shares can close their valuation discount to peers.

Raymond James

Outperform

NULL

downgrade

$55 -> $52

2025-10-22

Reason

Raymond James

Price Target

$55 -> $52

2025-10-22

downgrade

Outperform

NULL

Reason

Raymond James lowered the firm's price target on Mercantile Bank to $52 from $55 and keeps an Outperform rating on the shares. The Q3 results were solid with asset quality remaining clean and solid deposit growth, but there was a larger expense base, tighter net interest margin, and loan growth fell short though reflected elevated payoffs, the analyst tells investors in a research note.

Raymond James

Daniel Tamayo

Market Perform -> Outperform

upgrade

$55

2025-07-24

Reason

Raymond James

Daniel Tamayo

Price Target

$55

2025-07-24

upgrade

Market Perform -> Outperform

Reason

Raymond James analyst Daniel Tamayo upgraded Mercantile Bank (MBWM) to Outperform from Market Perform with a $55 price target following the Q2 report. The bank's core trends were favorable with stronger fees and stable credit trends driving upside to estimates, the analyst tells investors in a research note. The firm also sees solid earnings accretion from the acquisition of Eastern Michigan Financial.

Piper Sandler

Nathan Race

Neutral

maintain

$56

2025-07-23

Reason

Piper Sandler

Nathan Race

Price Target

$56

2025-07-23

maintain

Neutral

Reason

Piper Sandler analyst Nathan Race raised the firm's price target on Mercantile Bank to $56 from $47.50 and keeps a Neutral rating on the shares. The firm is more positive on Mercantile Bank following solid Q2 results, mostly improved second half of 2025 guidance, and given compelling strategic components of the announced acquisition of EFIN.

Keefe Bruyette

NULL -> Outperform

maintain

$53 -> $56

2025-07-23

Reason

Keefe Bruyette

Price Target

$53 -> $56

2025-07-23

maintain

NULL -> Outperform

Reason

Keefe Bruyette raised the firm's price target on Mercantile Bank to $56 from $53 and keeps an Outperform rating on the shares.

Valuation Metrics

The current forward P/E ratio for Mercantile Bank Corp (MBWM.O) is 8.82, compared to its 5-year average forward P/E of 8.78. For a more detailed relative valuation and DCF analysis to assess Mercantile Bank Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

5Y Average PE

8.78

Current PE

8.82

Overvalued PE

10.20

Undervalued PE

7.37

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

2.81

Current PS

2.90

Overvalued PS

3.15

Undervalued PS

2.47

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

MBWM News & Events

Events Timeline

No data

News

8.5

2025-12-31PRnewswire

Mercantile Completes Merger with Eastern Michigan Financial, Assets Reach $6.9 Billion

8.5

2025-12-31Newsfilter

Mercantile Bank Completes Merger with Eastern Michigan Financial, Assets Reach $6.9 Billion

9.5

2025-12-29PRnewswire

Mercantile Bank to Release Q4 and Full Year 2025 Earnings on January 20, 2026

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Frequently Asked Questions

What is Mercantile Bank Corp (MBWM) stock price today?

The current price of MBWM is 48.94 USD — it has decreased -2.55 % in the last trading day.

What is Mercantile Bank Corp (MBWM)'s business?

Mercantile Bank Corporation is the bank holding company for Mercantile Bank and Eastern Michigan Bank. Mercantile Bank and Eastern Michigan Bank provide financial products and services in a professional and personalized manner designed to make banking easier for businesses, individuals, and governmental units. Eastern Michigan Bank operates over 12 branches across three counties, offering a full range of personal and business banking services. Eastern Michigan Bank’s personal services include personal checking, personal savings, youth and young adults, CDs and IRAs, online and mobile banking, 24-hour telephone banking, debit cards, personal credit cards, additional services, and Zelle. Eastern Michigan Bank’s loans include vehicle and personal loans, home equity loans and lines, student loans (opens in a new window), business loans, and agricultural loans. Eastern Michigan Bank’s business services include business checking, business savings, business credit cards, and others.

What is the price predicton of MBWM Stock?

What is Mercantile Bank Corp (MBWM)'s revenue for the last quarter?

Mercantile Bank Corp revenue for the last quarter amounts to 55.56M USD, increased 6.45 % YoY.

What is Mercantile Bank Corp (MBWM)'s earnings per share (EPS) for the last quarter?

Mercantile Bank Corp. EPS for the last quarter amounts to 1.46 USD, increased 19.67 % YoY.

What changes have occurred in the market's expectations for Mercantile Bank Corp (MBWM)'s fundamentals?

How many employees does Mercantile Bank Corp (MBWM). have?

Mercantile Bank Corp (MBWM) has 648 emplpoyees as of January 10 2026.

What is Mercantile Bank Corp (MBWM) market cap?

Today MBWM has the market capitalization of 840.69M USD.