Mercantile Bank Corporation (MBWM) Social Stream
MERCANTILE BANK CORP (MBWM) Price Targets From Analysts
The tables below show price targets and recommendations from analysts covering MERCANTILE BANK CORP.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-12-20 | 3 | $36 | $36 | $36 | $38.99 | -7.67% |
| 2022-01-19 | 3 | $44 | $39 | $41 | $38.99 | 5.16% |
| 2022-03-29 | 3 | $44 | $39 | $41 | $38.99 | 5.16% |
| 2022-04-21 | 3 | $44 | $38 | $40 | $38.99 | 2.59% |
| 2022-07-20 | 3 | $44 | $35 | $38.5 | $38.99 | -1.26% |
| 2022-07-28 | 4 | $44 | $35 | $39.125 | $38.99 | 0.35% |
| 2022-09-27 | 4 | $44 | $33 | $38.625 | $38.99 | -0.94% |
| 2022-10-18 | 4 | $41 | $33 | $36.375 | $38.99 | -6.71% |
| 2022-12-13 | 4 | $41 | $35 | $37.625 | $38.99 | -3.5% |
| 2023-01-17 | 4 | $41 | $38 | $39.5 | $38.99 | 1.31% |
| 2023-03-07 | 4 | $41 | $39.5 | $40.166 | $38.99 | 3.02% |
| 2023-03-28 | 4 | $41 | $36 | $38.833 | $38.99 | -0.4% |
| 2023-04-18 | 4 | $41 | $34 | $38.166 | $38.99 | -2.11% |
| 2023-06-27 | 4 | $41 | $34 | $36.333 | $38.99 | -6.81% |
| 2023-07-18 | 3 | $37 | $36 | $36.5 | $38.99 | -6.39% |
| 2023-09-26 | 3 | $36 | $36 | $36 | $38.99 | -7.67% |
| 2023-10-17 | 2 | $36 | $36 | $36 | $38.99 | -7.67% |
The Trend in the Analyst Price Target
MBWM's average price target has moved up $10.62 over the prior 41 months.
Over the past 39 weeks, MBWM's average upside potential has been 18.2%.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-03-28 | 4 | 41.0 | 36 | 38.833 | 30.38 | 27.82% |
| 2023-06-27 | 3 | 39.5 | 34 | 36.750 | 27.63 | 33.01% |
| 2023-06-27 | 4 | 41.0 | 34 | 36.333 | 27.63 | 31.5% |
| 2023-07-18 | 2 | 36.0 | 36 | 36.000 | 33.03 | 8.99% |
| 2023-07-18 | 2 | 37.0 | 36 | 36.500 | 33.03 | 10.51% |
MBWM Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 3 | 0 | 0 | 2 | 0 | 0 | 2 |
The Trend in the Broker Recommendations
MBWM's average broker recommendation rating worsened by 0.67 over the prior 43 weeks.
Use the points listed below to better contextualize what this analyst price target and recommendations data data means for investors.
- MERCANTILE BANK CORP's number of analysts covering the stock is greater than 174.73% of all US stocks.
- To contextualize these metrics, consider that out of all US stocks, MERCANTILE BANK CORP's variance in analysts' estimates is lower than -83.63% of them.
- MERCANTILE BANK CORP's upside potential (average analyst target price relative to current price) is greater than 206.19% of stocks in the small market cap category.
- MBWM has a greater average analyst price target than 1405.64% of stocks in the small market cap category.
Stocks similar to MERCANTILE BANK CORP in the Banking industry regarding analyst recommendations and price targets are EBTC, CIVB, and FFIC.
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