Is Mercantile Bank Corporation (MBWM) a Buy, Sell, or Hold?
NASDAQ : MBWM
Mercantile Bank Corporation — Institutional Ownership
$58.5 USD
$1.32 (2.31%)
- Volume
- 146.59K
- Average Volume
- 134.06K
- Market Capitalization
- $1.01B
- P/E Ratio
- 10.30
- Dividend Yield
- 2.63%
- Price Target
- $63.50
- Year High
- $60.40
- Year Low
- $42.75
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.26
- Current Ratio
- $0.22
Institutional Ownership Summary
Institutional Ownership %
2.94%
Investors Holding
33
change: -166 | last: 199
Increased Positions
13
change: -87 | last: 100
Reduced Positions
8
change: -46 | last: 54
New Positions
7
change: -21 | last: 28
Sold Positions
173
change: 151 | last: 22
Total Calls
-
Total Puts
-
Put-Call Ratio
0.00
change: 0 | last: 0
Total Invested
29.12M
Beneficial Ownership Filings
| Filing Date | Reporting Person | Amount Beneficially Owned | % of Class |
|---|---|---|---|
| 2026-05-15 | Wellington Management Group LLP | 1.19M | 6.90% |
| 2026-03-27 | The Vanguard Group | - | 0.00% |
| 2026-01-21 | Dimensional Fund Advisors LP | 1.03M | 6.00% |
| 2025-07-29 | The Vanguard Group | 1.04M | 6.40% |
| 2025-04-24 | BlackRock, Inc. | 1.22M | 7.50% |
| 2023-01-25 | (1) BlackRock, Inc. | 1.41M | 8.90% |
| 2022-02-14 | Bruce G. Visser | 725.3K | 4.58% |
| 2022-02-08 | 30-0447847 | 1.15M | 7.30% |
| 2022-02-01 | (1) BlackRock, Inc. | 1.37M | 8.80% |
| 2021-02-16 | Bruce G. Visser | 857.09K | 11.00% |
| 2021-02-12 | 30-0447847 | 1.23M | 7.60% |
| 2021-02-11 | 26-0385758 | 801.51K | 4.91% |
| 2021-02-11 | 13-3127734 | 801.51K | 4.91% |
| 2021-01-29 | (1) BlackRock, Inc. | 1.4M | 8.60% |
| 2020-04-27 | Pages | 827.38K | 5.11% |
| 2020-02-14 | BANC FUND X L.P.82-5185037 | 14500.0 | 0.10% |
| 2020-02-14 | BANC FUND IX L.P.37-1755531 | 265.11K | 1.60% |
| 2020-02-14 | BANC FUND VIII L.P.26-2334080 | 507.93K | 3.10% |
| 2020-02-12 | (. | 1.19M | 7.25% |
| 2020-02-12 | 13-3127734 | 908.61K | 5.53% |
| 2020-02-12 | 26-0385758 | 908.61K | 5.53% |
| 2020-02-05 | (1) BlackRock, Inc. | 1.38M | 8.40% |
| 2019-02-12 | BANC FUND VII L.P.20-1818049 | - | 0.00% |
| 2019-02-12 | BANC FUND X L.P.82-5185037 | 5000.0 | 0.10% |
| 2019-02-12 | BANC FUND VIII L.P.26-2334080 | 858.92K | 5.20% |
| 2019-02-12 | BANC FUND IX L.P.37-1755531 | 328.95K | 2.00% |
| 2019-02-06 | (1) BlackRock, Inc. | 1.24M | 7.50% |
| 2018-02-14 | BANC FUND VII L.P.20-1818049 | 259.38K | 1.60% |
| 2018-02-14 | BANC FUND VIII L.P.26-2334080 | 873.1K | 5.30% |
| 2018-02-14 | BANC FUND IX L.P.37-1755531 | 323.55K | 2.00% |
| 2018-01-25 | (1) BlackRock, Inc. | 967.52K | 5.90% |
| 2017-02-15 | Banc Fund IX L.P. | 202.05K | 1.20% |
| 2017-02-15 | Banc Fund VIII L.P. | 911.4K | 5.60% |
| 2017-02-15 | Banc Fund VII L.P. | 309.02K | 2.00% |
| 2017-02-15 | Banc Fund VI L.P. | - | 0.00% |
| 2017-02-09 | (. | 832.24K | 5.11% |
| 2017-01-30 | (1) BlackRock, Inc. | 839.03K | 5.10% |
| 2016-02-11 | Wellington Investment Advisors Holdings LLP | 232.76K | 1.43% |
| 2016-02-11 | Wellington Group Holdings LLP | 232.76K | 1.43% |
| 2016-02-11 | Wellington Management Group LLP | 232.76K | 1.43% |
| 2016-02-09 | Banc Fund VIII L.P. | 911.4K | 5.60% |
| 2016-02-09 | Banc Fund IX L.P. | 199.14K | 1.20% |
| 2016-02-09 | Banc Fund VI L.P. | 89343.0 | 0.50% |
| 2016-02-09 | Banc Fund VII L.P. | 309.02K | 2.00% |
| 2015-02-12 | Banc Fund IX L.P. | 10940.0 | 0.10% |
| 2015-02-12 | Banc Fund VII L.P. | 309.02K | 1.80% |
| 2015-02-12 | Banc Fund VI L.P. | 89343.0 | 0.50% |
| 2015-02-12 | Banc Fund VIII L.P. | 798.82K | 4.70% |
| 2014-02-14 | Mary V. Visser | 823.76K | 9.46% |
| 2014-02-14 | 04-2683227 | 862.04K | 9.90% |
| 2014-02-14 | Bruce G. Visser | 823.76K | 9.46% |
| 2014-02-14 | Banc Fund VI L.P. | - | 0.00% |
| 2014-02-14 | Banc Fund VIII L.P. | 483.26K | 2.90% |
| 2014-02-14 | Banc Fund VII L.P. | 117.11K | 0.70% |
| 2013-02-14 | 04-2683227 | 514.37K | 5.95% |
| 2013-02-14 | Bruce G. Visser | 861.88K | 11.00% |
| 2013-02-12 | Banc Fund VI L.P. | 43738.0 | 0.50% |
| 2013-02-12 | Banc Fund VII L.P. | 120.67K | 1.40% |
| 2013-02-12 | Banc Fund VIII L.P. | 452.35K | 5.20% |
| 2012-09-10 | Second Curve Capital, LLC | 277.56K | 3.22% |
| 2012-09-10 | Thomas K. Brown | 277.56K | 3.22% |
| 2012-02-14 | James W. Nichols d/b/a Nichols Investment Management | 429.21K | 4.98% |
| 2012-02-09 | Thomas K. Brown | 830.27K | 9.70% |
| 2012-02-09 | Second Curve Capital, LLC | 830.27K | 9.70% |
| 2012-01-05 | Mary V. Visser | 772.18K | 9.00% |
| 2012-01-05 | Bruce G. Visser | 772.18K | 9.00% |
| 2012-01-05 | Bruce G. Visser | 734.07K | 8.50% |
| 2012-01-05 | Bruce G. Visser | 726.44K | 8.50% |
| 2012-01-05 | Mary V. Visser | 726.44K | 8.50% |
| 2012-01-05 | Mary V. Visser | 734.07K | 8.50% |
| 2011-04-05 | Thomas K. Brown | 928.19K | 10.80% |
| 2011-04-05 | Second Curve Capital, LLC | 928.19K | 10.80% |
| 2011-01-05 | The Vanguard Group | 1.29M | 5.51% |
| 2010-06-16 | Bruce and Mary Visser | 508.89K | 5.92% |
| 2009-01-29 | Wells Fargo & Company | 441.95K | 5.18% |
MBWM Enterprise Value History
Annual
| Date | Stock Price | Shares Outstanding | Market Cap | Cash & Equivalents | Total Debt | Enterprise Value |
|---|---|---|---|---|---|---|
| 2025-12-31 | $48.10 | 16.26M | $782.29M | $473.32M | $825.88M | $1.13B |
| 2024-12-31 | $44.49 | 16.13M | $717.67M | $393.01M | $648.25M | $972.91M |
| 2023-12-31 | $40.38 | 16.02M | $646.73M | $130.53M | $836.26M | $1.35B |
| 2022-12-31 | $33.48 | 15.86M | $530.99M | $96.77M | $640.19M | $1.07B |
| 2021-12-31 | $35.03 | 15.99M | $560.02M | $975.16M | $693.35M | $278.22M |
| 2020-12-31 | $27.17 | 16.27M | $442.03M | $626.01M | $559.93M | $375.95M |
| 2019-12-31 | $36.47 | 16.4M | $598.29M | $233.73M | $503.56M | $868.12M |
| 2018-12-31 | $28.26 | 16.6M | $469.14M | $75.35M | $499.72M | $893.51M |
| 2017-12-31 | $35.37 | 16.48M | $582.86M | $200.1M | $384.26M | $767.03M |
| 2016-12-31 | $37.70 | 16.29M | $614.21M | $183.6M | $351.54M | $782.16M |
Quarterly
| Date | Stock Price | Shares Outstanding | Market Cap | Cash & Equivalents | Total Debt | Enterprise Value |
|---|---|---|---|---|---|---|
| 2026-06-30 | $57.42 | 17.26M | $990.94M | $69.8M | $687.66M | $1.61B |
| 2026-04-21 | $51.43 | 17.24M | $886.51M | $48.43M | $703.26M | $1.54B |
| 2025-12-31 | $48.10 | 16.26M | $782.29M | $473.32M | $825.88M | $1.13B |
| 2025-09-30 | $45.00 | 16.23M | $730.32M | $477.02M | $738.14M | $991.43M |
| 2025-06-30 | $46.41 | 16.22M | $752.73M | $296.07M | $739.16M | $1.2B |
| 2025-03-31 | $43.44 | 16.2M | $703.64M | $385.46M | $748.22M | $1.07B |
| 2024-12-31 | $44.49 | 16.14M | $718.2M | $393.01M | $648.25M | $973.44M |
| 2024-09-30 | $43.72 | 16.14M | $705.55M | $328.55M | $777.4M | $1.15B |
| 2024-06-30 | $39.84 | 16.12M | $642.34M | $197.63M | $788.11M | $1.23B |
| 2024-03-31 | $37.46 | 16.12M | $603.82M | $237.23M | $814.57M | $1.18B |
| 2023-12-31 | $40.38 | 16.04M | $647.86M | $130.53M | $839.95M | $1.36B |
| 2023-09-30 | $30.91 | 16.02M | $495.12M | $265.99M | $760.35M | $989.48M |