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Mercantile Bank Corp (MBWM)

$31.61

Mercantile Bank Corp (MBWM) Share Price Forecast
Currently 11 wall-street analysts regularly analyze the financials of Mercantile Bank Corp on a frequent basis to provide recommendations along with target share price. 11 analysts offering 12-month price forecasts for Mercantile Bank Corp (MBWM) have a share price target of $38.25. This median of share price forecast represents a 21.01% upside from the latest price of $31.61 as on 27.09.23.

Mercantile Bank Corp (MBWM) Price vs Consensus Price Target

Price
Target Price
As per the chart shown above, analysts believe that the Mercantile Bank Corp (MBWM) share price will touch around $38.25 in next 12-months.
Mercantile Bank Corp (MBWM) Share Price Forecast v/s Share Price Today
Below is a chart showing the percentage difference between Mercantile Bank Corp's share price and its median forecast price. As on 27.09.23, the difference is -10.48%

Mercantile Bank Corp (MBWM): Difference between Current Price & Median Forecasted Price

Difference in Percentage terms
Mercantile Bank Corp (MBWM) Share Price : Analyst Recommendation
Based on 11 analysts tracking and researching Mercantile Bank Corp (MBWM) share have buy recommendation on an average.

3M Ago1M AgoCurrent
Buy
6
6
6
Outperform
2
2
2
Hold
3
3
3
Underperform
0
0
0
Sell
0
0
0
Mercantile Bank Corp (MBWM) Share Price Technical Analysis

50 Day Moving Average v/s Current Share Price

Moving Average
Price

200 Day Moving Average v/s Current Share Price

Moving Average
Price

FAQs

The latest share price target for Mercantile Bank Corp (MBWM) is $38.25, offered by 11 analysts offering 12-month price forecasts.

Mercantile Bank Corp (MBWM) has a maximum of 0.21 upside potential, based on 11 analysts offering 12-month price forecasts.

Based on 11 analysts tracking and researching Mercantile Bank Corp (MBWM), 72.73% have a buy recommendation. Remaining 27.27% have either sell or hold recommendations.

The latest share price of Mercantile Bank Corp (MBWM) is $31.61 as of 27/09/2023.

8 of total 11 analysts offering stock ratings for Mercantile Bank Corp MBWM have recommended buy rating.