MERCANTILE BANK CORP (MBWM)
State Commercial Banks
Latest Price
$60.08
TTM P/E
10.77
Normalized P/E
12.74
Div Yield
2.53%
Book Value
42.75
P/B Ratio
1.41
Valuation metrics
adjust assumptions →EPS: $5.47
Target P/E: 13×
Formula: EPS × P/E
P/E Fair Value
$71.11
+18% upside
Institutional Ownership
65.4% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 1.39M | $70.0M | 8.04% | -50.2K | 2026-03-31 |
| WELLINGTON MANAGEMENT GROUP LLP | 1.19M | $60.0M | 6.88% | +894.2K | 2026-03-31 |
| DIMENSIONAL FUND ADVISORS LP | 1.03M | $52.0M | 5.98% | +1.4K | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 704.3K | $35.0M | 4.08% | -- | 2026-03-31 |
| AMERICAN CENTURY COMPANIES INC | 561.5K | $28.0M | 3.25% | +43.6K | 2026-03-31 |
| STATE STREET CORP | 502.5K | $25.0M | 2.91% | +55.5K | 2026-03-31 |
| RENAISSANCE TECHNOLOGIES LLC | 472.2K | $23.0M | 2.73% | -24.0K | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 435.0K | $21.0M | 2.52% | +32.4K | 2026-03-31 |
| NORTH STAR ASSET MANAGEMENT INC | 383.2K | $19.0M | 2.22% | +8.6K | 2026-03-31 |
| LSV ASSET MANAGEMENT | 283.2K | $14.0M | 1.64% | -11.9K | 2026-03-31 |