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Mercantile Bank MBWM

US equityMarket cap rank #3239Banks - Regional
$58.03 −$0.80 (-1.36%)
Pre-market · Oct 8, 8:20 am ET · After hours $58.03 0.00%
Open$58.18
Prev close$58.83
Day range$57.65 – $59.50
Volume111.4K
Market cap$1.00B
P/E (TTM)10.2
Dividend yield2.65%

Valuation

Multiples measured against the stock's own five-year history

Price / earnings10.2x
CheapRich

Near the top of its 5-year range · 83rd percentile, 5-year average 8.9x

#587 of 2973 stocks by PE (1 = cheapest)

Price / book1.3x
CheapRich

Near the top of its 5-year range · 86th percentile, 5-year average 1.2x

#1983 of 5317 stocks by PB (1 = cheapest)

Price / sales3.8x
CheapRich

Near the top of its 5-year range · 94th percentile, 5-year average 3.0x

#3519 of 5146 stocks by PS (1 = cheapest)

P/E over five years

5x8x10x12xOct '21Apr '24Oct '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$61.36
Price vs. fair value-5.4%Trading below the estimate
Star rating★★★☆☆
Economic moatNone
UncertaintyHigh
MultipleCurrentForward5y averagePercentile vs. own historyIndustry rank
PB 1.33 – 1.21 86% (pricier than usual) #1983 of 5317 (1 = cheapest)
PE 10.20 10.55 8.87 83% (pricier than usual) #587 of 2973 (1 = cheapest)
PS 3.85 3.49 3.05 94% (pricier than usual) #3519 of 5146 (1 = cheapest)

Percentile is against this stock’s own 5-year valuation range: higher means it’s trading rich relative to its own history, lower means cheap relative to its own history — it is not a comparison against other companies. Forward multiples use consensus estimates for the next twelve months; a forward multiple below the current one usually signals analysts expect earnings to grow.

Morningstar view

Star rating★★★
Fair value estimate$61.36
Economic moatNone
UncertaintyHigh

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