Update shared on31 Jul 2025
Fair 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.
- Added to the Russell 2000 Dynamic Index.
- Q2 2025 earnings expected to be reported on July 15, 2025.
- Completed repurchase of 420,292 shares (2.63%) for $13.18 million under the buyback program; no shares repurchased in Q1 2025.
Valuation Changes
Summary of Valuation Changes for Mercantile Bank
- The Consensus Analyst Price Target has risen from $51.12 to $55.60.
- The Consensus Revenue Growth forecasts for Mercantile Bank has significantly risen from -75.6% per annum to 10.1% per annum.
- The Future P/E for Mercantile Bank has significantly fallen from 42.68x to 10.53x.
Disclaimer
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