Shared on23 Oct 25Fair value Decreased 5.04%
Analysts have reduced their price target for Mercantile Bank from $55.60 to $52.80. They cite larger expenses, slightly lower profit margins, and modest loan growth, even though the company reported solid Q3 results and continued strength in assets and deposits.
Shared on31 Jul 25Fair value Increased 8.75%
The substantial upward revision in Mercantile Bank's price target reflects a marked improvement in revenue growth forecasts and a significantly lower forward P/E, indicating improved earnings expectations and valuation, with the fair value rising from $51.12 to $55.60. What's in the News Raised quarterly cash dividend to $0.38 per share, reflecting increases of nearly 3% from the prior quarter and 6% from the third quarter of 2024.
Shared on23 Apr 25Fair value Increased 0.80%
AnalystConsensusTarget has increased revenue growth from 6.0% to 7.9%.
Shared on17 Apr 25Fair value Decreased 2.47%
AnalystConsensusTarget made no meaningful changes to valuation assumptions.
Shared on09 Apr 25Fair value Decreased 3.52%
AnalystConsensusTarget made no meaningful changes to valuation assumptions.
Shared on26 Mar 25
AnalystConsensusTarget made no meaningful changes to valuation assumptions.
Shared on19 Mar 25
AnalystConsensusTarget made no meaningful changes to valuation assumptions.
Shared on11 Mar 25Fair value Increased 2.12%
AnalystConsensusTarget made no meaningful changes to valuation assumptions.