| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 01/18/2023 | — | Raymond James | Downgrades | Outperform → Market Perform | |
| 10/19/2022 | 3.85% | Raymond James | $35 → $38 | Maintains | Outperform |
| 10/06/2022 | -4.35% | Raymond James | $44 → $35 | Downgrades | Strong Buy → Outperform |
| 03/02/2022 | 20.25% | Raymond James | → $44 | Upgrades | Outperform → Strong Buy |
| 01/19/2022 | 20.25% | Raymond James | → $44 | Upgrades | Market Perform → Outperform |
| 09/29/2020 | -45.34% | Piper Sandler | $23 → $20 | Maintains | Neutral |
| 07/18/2018 | 12.05% | Keefe, Bruyette & Woods | $40 → $41 | Maintains | Outperform |
| 03/01/2018 | — | Keefe, Bruyette & Woods | Upgrades | Market Perform → Outperform |
What is the target price for Mercantile Bank (MBWM)?
The latest price target for Mercantile Bank (NASDAQ: MBWM) was reported by Raymond James on January 18, 2023. The analyst firm set a price target for $0.00 expecting MBWM to fall to within 12 months (a possible -100.00% downside). 5 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Mercantile Bank (MBWM)?
The latest analyst rating for Mercantile Bank (NASDAQ: MBWM) was provided by Raymond James, and Mercantile Bank downgraded their market perform rating.
When is the next analyst rating going to be posted or updated for Mercantile Bank (MBWM)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Mercantile Bank, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Mercantile Bank was filed on January 18, 2023 so you should expect the next rating to be made available sometime around January 18, 2024.
Is the Analyst Rating Mercantile Bank (MBWM) correct?
While ratings are subjective and will change, the latest Mercantile Bank (MBWM) rating was a downgraded with a price target of $0.00 to $0.00. The current price Mercantile Bank (MBWM) is trading at is $36.59, which is out of the analyst's predicted range.