MBWM
Mercantile Bank Corporation
NASDAQ: MBWM · FINANCIAL SERVICES · BANKS - REGIONAL
$60.65
+0.53% today
Updated 2026-10-29
Market cap
$1.01B
P/E ratio
10.30
P/S ratio
3.84x
EPS (TTM)
$5.69
Dividend yield
2.64%
52W range
$42 – $63
Volume
0.1M
Mercantile Bank Corporation (MBWM) Financial Forecast & Price Target 2030
Revenue-driven projection model with historical context.
Price target summary
Current price
$60.65
12-Month target
$57.22
2030 Target
$78.01
Intrinsic (DCF)
—
Financial forecast
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0.2B | $0.2B | $0.3B | $0.4B | $0.4B | $0.4B | $0.5B | $0.6B | $0.6B |
| EPS | — | — | — | — | — | — | — | — | — |
CAGR applied: 13.95% (capped 20%) · P/E: 10.30x (capped 25x) · Margin: 36.10%
Methodology
CAGR-based projection model. Research-backed estimates are being generated — check back soon for analyst consensus and management guidance.