Mercantile Bank Corporati... (MBWM)

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Our AI model analyzes fundamental, technical, and statistical indicators to predict the probability of a bullish trend over the next three months.

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Bullish Probability	Sentiment	Score
+80%	Strong Buy	10
+75%	Buy	9
+70%	Buy	8
+60%	Buy	7
+50%	Hold	6
+45%	Hold	5
+40%	Hold	4
+35%	Sell	3
+30%	Sell	2
+20%	Strong Sell	1

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At close: undefined

49.15

0.20%

After-hours Dec 13, 2024, 04:00 PM EST

Mercantile Bank Corporation Forcast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for MBWM stock have an median target of 54.5, with a low estimate of 53 and a high estimate of 56. The median target predicts an increase of 11.11% from the current stock price of 49.05.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$53	$54.5	$54.5	$56
Change	8.05%	11.11%	11.11%	14.17%

AI Analyst Report

Keefe, Bruyette & Woods reaffirmed an Outperform r... Unlock content with Pro Subscription

Updated Jul 17, 2024

Rating	Apr 24	Jul 24	Dec 24
Strong Buy	0	0	0
Buy	1	1	1
Hold	0	1	0
Sell	0	0	0
Strong Sell	0	0	0
Total	1	2	1

Financial Forecast this Year

Revenue This Year

228.21M

from 303.50M

-24.8%

from 303.50M

Revenue Next Year

227.96M

from 228.21M

-0.1%

from 228.21M

EPS This Year

4.8

from 5.13

-6.4%

from 5.13

EPS Next Year

4.39

from 4.8

-8.5%

from 4.8