What is Hovde Group's price target for MBWM?

Hovde Group's latest stated price target for Mercantile Bank Corporation (MBWM) is $62, from its action on Jul 22, 2026.

What is Hovde Group's rating on MBWM?

Hovde Group rates MBWM Market Perform, a neutral rating, as of Jul 22, 2026.

When did Hovde Group last change its view on MBWM?

On Jul 22, 2026, Hovde Group downgrades to Market Perform from Outperform, price target $62.

Analyst firms · Hovde Group · MBWM

Hovde Group MBWM price target and rating history

Mercantile Bank Corporation (MBWM) · Finance

Hovde Group rates Mercantile Bank Corporation (MBWM) Market Perform with a $62 price target, as of its latest action on Jul 22, 2026. It has published 5 rating actions on MBWM since July 2022, including 2 upgrades and 2 downgrades. Across 3 firms with a MBWM price target in the last 12 months, the median target is $62. Hovde Group's target matches it.

Current rating: Market Perform
Price target: $62
Median target, all firms: $62
Actions on MBWM: 5

Hovde Group price target on MBWM

Hovde Group price target on MBWM, each point a stated target, July 2022 to July 2026.

Every Hovde Group rating on MBWM

Jul 22, 2026
DowngradeHovde Group downgrades to Market Perform from Outperform, price target $62
Dec 18, 2025
ReiterateHovde Group raises its price target to $56 from $53, keeps Outperform
Jan 22, 2025
UpgradeHovde Group upgrades to Outperform from Market Perform, price target $54
Mar 4, 2024
DowngradeHovde Group downgrades to Market Perform from Outperform
Jul 28, 2022
UpgradeHovde Group upgrades to Outperform from Market Perform, price target $41

How other firms rate MBWM

Each firm's latest rating and stated target in the last 12 months.

Firm	Rating	Price target	Date
Raymond James	Outperform	$65	Sep 2, 2026
Hovde Group	Market Perform	$62	Jul 22, 2026
Stephens	Equal-Weight	$54	Mar 25, 2026

Questions about Hovde Group and MBWM

What is Hovde Group's price target for MBWM?: Hovde Group's latest stated price target for Mercantile Bank Corporation (MBWM) is $62, from its action on Jul 22, 2026.
What is Hovde Group's rating on MBWM?: Hovde Group rates MBWM Market Perform, a neutral rating, as of Jul 22, 2026.
When did Hovde Group last change its view on MBWM?: On Jul 22, 2026, Hovde Group downgrades to Market Perform from Outperform, price target $62.
How does Hovde Group's MBWM target compare with other analysts?: Across 3 firms with a MBWM price target in the last 12 months, the median target is $62. Hovde Group's target matches it.

More MBWM rating histories

Raymond James6

All Hovde Group ratings MBWM news and filings Every analyst firm

From rating actions in the Quantisnow feed. A target holds until the firm states a new one; a reiteration with no target keeps the last one. Not investment advice.