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.
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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