MERCANTILE BANK CORPORATION

Consensus Mercantile Bank Corporation

Equities

MBWM

US5873761044

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-10 pm EDT			5-day change	1st Jan Change
39.61 ^USD	+0.03%		+2.96%	-1.91%

May. 08	Janney Downgrades Mercantile Bank to Neutral From Buy, Price Target at $41	MT
May. 06	Tamilnad Mercantile Bank to Open Two New Branches in India	MT

Evolution of the average Target Price on Mercantile Bank Corporation

Price target over the last 5 years

History of analyst recommendation changes

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Analyst Recommendations on Mercantile Bank Corporation

Janney Downgrades Mercantile Bank to Neutral From Buy, Price Target at $41	May. 08	MT
Tamilnad Mercantile Bank Hikes Repo Lending Rate	23-07-31	MT
Piper Sandler Upgrades Mercantile Bank to Overweight From Neutral, Adjusts Price Target to $40 From $38	23-03-07	MT
Raymond James Downgrades Mercantile Bank to Market Perform From Outperform	23-01-18	MT
Raymond James Downgrades Mercantile Bank to Outperform From Strong Buy, Adjusts Price Target to $35 From $44	22-10-06	MT
Hovde Group Upgrades Mercantile Bank to Outperform From Market Perform, Sets $41 Price Target	22-07-28	MT
ANALYST RECOMMANDATIONS : Booking, Flutter, Royal Mail, Allstate, Zoom...	22-03-02
Raymond James Upgrades Mercantile Bank to Strong Buy From Outperform; Price Target is $44	22-03-02	MT
Raymond James Upgrades Mercantile Bank to Outperform From Market Perform; Price Target is $44	22-01-19	MT
ANALYST RECOMMENDATIONS : Activision Blizzard, Chevron, Exxon Mobil, Gilead, Goldman Sachs...	22-01-19
Mercantile Bank Corporation Issues an Additional $15 Million of Its 3.25% Fixed-To-Floating Rate Subordinated Notes Due 2032	22-01-14	CI
Mercantile Bank Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2017; Provides Tax Rate Guidance for the Year 2017	17-07-18	CI

More recommendations

Analysts' Consensus

Sell

Consensus

Buy

Mean consensus

OUTPERFORM

Number of Analysts

4

Last Close Price

39.61 USD

Average target price

41.67 USD

Spread / Average Target

+5.19%

High Price Target

47 USD

Spread / Highest target

+18.66%

Low Price Target

37 USD

Spread / Lowest Target

-6.59%

Consensus detail

Consensus revision (last 18 months)

Analysts covering Mercantile Bank Corporation

Janney Capital
Piper Sandler
Raymond James
Hovde Group

Ratings for Mercantile Bank Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C+

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Stock Market
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MBWM Stock
Consensus Mercantile Bank Corporation

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