Piper Sandler analyst Nathan Race raised the firm’s price target on Mercantile Bank (MBWM) to $56 from $47.50 and keeps a Neutral rating on the shares. The firm is more positive on Mercantile Bank following solid Q2 results, mostly improved second half of 2025 guidance, and given compelling strategic components of the announced acquisition of EFIN.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MBWM:
- Mercantile Bank Reports Strong Q2 2025 Results
- Mercantile Bank Announces Merger with Eastern Michigan Financial
- Mercantile Bank, Eastern Michigan Financial to combine in $95.8M transaction
- Mercantile Bank reports Q2 EPS $1.39, consensus $1.25
- Mercantile Bank increases quarterly dividend 3% to 38c per share