Mercantile Bank Corporation (MBWM) Social Stream
MERCANTILE BANK CORP (MBWM) Price Targets From Analysts
Use the tables below to see what analysts covering MERCANTILE BANK CORP think about its future price and what recommendations they have for investors and traders.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-12-20 | 3 | $36 | $36 | $36 | $31.44 | 14.5% |
| 2022-01-19 | 3 | $44 | $39 | $41 | $31.44 | 30.41% |
| 2022-03-29 | 3 | $44 | $39 | $41 | $31.44 | 30.41% |
| 2022-04-21 | 3 | $44 | $38 | $40 | $31.44 | 27.23% |
| 2022-07-20 | 3 | $44 | $35 | $38.5 | $31.44 | 22.46% |
| 2022-07-28 | 4 | $44 | $35 | $39.125 | $31.44 | 24.44% |
| 2022-09-27 | 4 | $44 | $33 | $38.625 | $31.44 | 22.85% |
| 2022-10-18 | 4 | $41 | $33 | $36.375 | $31.44 | 15.7% |
| 2022-12-13 | 4 | $41 | $35 | $37.625 | $31.44 | 19.67% |
| 2023-01-17 | 4 | $41 | $38 | $39.5 | $31.44 | 25.64% |
| 2023-03-07 | 4 | $41 | $39.5 | $40.166 | $31.44 | 27.75% |
| 2023-03-28 | 4 | $41 | $36 | $38.833 | $31.44 | 23.51% |
| 2023-04-18 | 4 | $41 | $34 | $38.166 | $31.44 | 21.39% |
| 2023-06-27 | 4 | $41 | $34 | $36.333 | $31.44 | 15.56% |
| 2023-07-18 | 3 | $37 | $36 | $36.5 | $31.44 | 16.09% |
The Trend in the Analyst Price Target
Over the past 30 months, MBWM's average price target has gone up $2.75.
Over the past 42 weeks, MBWM's average upside potential has been 21.12%.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2022-10-18 | 4 | 41.0 | 33 | 36.375 | 32.15 | 13.14% |
| 2023-01-17 | 4 | 41.0 | 38 | 39.500 | 36.59 | 7.95% |
| 2023-04-18 | 4 | 41.0 | 34 | 38.166 | 28.75 | 32.75% |
| 2023-06-27 | 3 | 39.5 | 34 | 36.750 | 27.63 | 33.01% |
| 2023-07-18 | 3 | 34.0 | 34 | 34.000 | 33.03 | 2.94% |
MBWM Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 2.33 | 1 | 0 | 2 | 0 | 0 | 3 |
The Trend in the Broker Recommendations
Over the past 122 days, MBWM's average broker recommendation rating worsened by 0.33.
Use the points listed below to better contextualize what this analyst price target and recommendations data data means for investors.
- In terms of how MERCANTILE BANK CORP fares relative to all US stocks, note that its number of analysts covering the stock is greater than 184.28% of that group.
- In terms of how MERCANTILE BANK CORP fares relative to all US stocks, note that its variance in analysts' estimates is lower than -90.13% of that group.
- In terms of how MERCANTILE BANK CORP fares relative to stocks in the small market cap category, note that its upside potential (average analyst target price relative to current price) is higher than 264.12% of that group.
- To contextualize these metrics, consider that out of stocks in the small market cap category, MERCANTILE BANK CORP's average analyst price target is greater than 1324.46% of them.
In the Banking industry, EBTC, CIVB, and FFIC are the three stocks most similar to MERCANTILE BANK CORP regarding the price target and analyst recommendation information presented here.
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