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Grand River Commerce, Inc. (GNRV)
USD5.50
+1.25 (+29.41%)
US OTC Financial Services Banks - Regional
Address
4471 Wilson Avenue SW 49418
Grandville, MI, US
Grandville, MI, US
CEO
Robert Bilotti
Website
grandriverbank.com
IPO
2010-05-03
CIK 1418489 ISIN US3864411091
Description
Grand River Commerce, Inc. serves as the holding company for Grand River Bank, which delivers a diverse array of financial products and services to businesses, professionals, and private individuals. Its operations are structured across three key segments: Commercial Real Estate, Commercial and Industrial, and Consumer. Customers can access various deposit options, including interest-bearing and non-interest-bearing checking accounts, savings accounts, and time deposits. The bank also provides financing solutions for residential lots, land, and construction projects. The company's extensive lending portfolio encompasses real estate mortgages; commercial, industrial, and commercial term loans; home equity term loans; and financing for vehicles like cars, boats, motorcycles, and RVs. It further extends commercial and home equity lines of credit, along with SBA lending programs. Additionally, Grand River Bank offers specialized financing, such as Federal Housing Administration, rural development, bridge, physician, doctor, and dentist loans. Beyond traditional banking, the institution provides digital conveniences like online banking, bill pay, and mobile banking, complemented by refinancing services and debit and credit card access. Founded in 2006 and headquartered in Grandville, Michigan, the company serves clients across Grandville, Grand Rapids, and the broader Kent and Ottawa counties of Michigan.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
USD5.50
+1.25 (+29.41%)
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Volume Profile
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Liquidity & share structure
Average Volume
8.5K
Beta
0.15
Float Shares
6.38M
Free Float %
90.6%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.00% | +1.87% | +8.75% | +1.16% | +18.85% | +14.17% | +29.85% | -6.45% | -35.56% | -9.38% | -56.50% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
5.50
DCF (Unlevered)
2.78
-49.5%
DCF (Levered)
2.22
-59.6%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Quality scores
Altman Z-Score
0.20
Distress
Piotroski F-Score
5 / 9
Average
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
2 / 5
Medium
ROA Score
2 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
-
Revenue growth-6.5% Q1'26: -4.2% (vs Q1'25)
-
EPS growth+221.7% Q1'26: +578.3% (vs Q1'25)
-
FCF margin— Q1'26: +0.0% (vs Q1'25)
-
EBIT margin— Q1'26: +2.0% (vs Q1'25)
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ROIC— Q1'26: +1.9% (vs Q1'25)
-
Share dilution+0.0% Q1'26: -1.3% (vs Q1'25)
-
Debt / EBITDA— Q1'26: 61.98× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | B- | 2/5 | 3/5 | 2/5 | 2/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-05 | B- | 2/5 | 3/5 | 2/5 | 2/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-01 | B- | 3/5 | 3/5 | 2/5 | 3/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-30 | B- | 3/5 | 3/5 | 2/5 | 3/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-29 | B- | 3/5 | 3/5 | 2/5 | 3/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-28 | B- | 3/5 | 3/5 | 2/5 | 3/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-27 | B- | 3/5 | 3/5 | 2/5 | 3/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-24 | B- | 2/5 | 3/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-23 | B- | 3/5 | 3/5 | 2/5 | 3/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-22 | B- | 3/5 | 3/5 | 2/5 | 3/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-21 | B | 3/5 | 4/5 | 2/5 | 3/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-17 | B | 3/5 | 4/5 | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
-29.5K
OE per share TTM
0.00
Owner's Yield
-0.10%
Maintenance CapEx ratio
93.41%
Maint CapEx / Avg PPE
7.3%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
4
Beneficial owners (>5%)
| # | Reporting person | Amount owned | % of class | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Type | Citizenship | Filing date | SEC filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Delaware Management Holdings | 5.85M | 10.08% | 180.0K | — | 180.0K | — | HC | Michigan | 2010-11-17 | ↗ |
| 2 | BANC FUND IX L.P.371755531 | 297.7K | 4.40% | 297.7K | — | 297.7K | — | PN | USA | 2021-02-11 | ↗ |
| 3 | Banc Fund X L.P.825185037 | 219.3K | 3.20% | 219.3K | — | 219.3K | — | PN | USA | 2022-02-08 | ↗ |
| 4 | BANC FUND VIII L.P.262334080 | — | 0.00% | — | — | — | — | PN | USA | 2021-02-11 | ↗ |
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
This company is not held by any ETF in our universe.
Insider Activity
Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Ratio by volume
0.00
Bearish
Buys
0
Sells
2
Shares acquired
—
Shares disposed
10.0K
Cash buys
—
Cash sales
—
Net activity
-10,000
Insider buys vs sells (history)
From
To
Recent insider transactions
From
To
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014-04-30 | BLOSSEY DAVID HAROLD | Director | — | D | EMPLOYEE STOCK OPTIONS | 5,000 | 10.00 | 50.0K | 0 | — | ↗ |
| 2014-04-30 | BILOTTI ROBERT PAUL | Director / Officer | — | D | EMPLOYEE STOCK OPTIONS | 5,000 | 10.00 | 50.0K | 0 | — | ↗ |
| 2012-04-30 | SYTSMA JERRY ANDREW | Director / Officer | — | D | DIRECTOR STOCK OPTIONS | 1,666 | 10.00 | 16.7K | 0 | — | ↗ |
| 2012-04-30 | ROODE ROGER LEE | Director | — | D | DIRECTOR STOCK OPTIONS | 1,666 | 10.00 | 16.7K | 0 | — | ↗ |
| 2012-04-30 | HOVINGH DAVID KENNETH | Director | — | D | DIRECTOR STOCK OPTIONS | 1,666 | 10.00 | 16.7K | 0 | — | ↗ |
| 2012-04-30 | FITCH LAWRENCE BARCLEY | Director | — | D | DIRECTOR STOCK OPTIONS | 1,666 | 10.00 | 16.7K | 0 | — | ↗ |
| 2012-04-30 | ELDERS JEFFREY ALAN | Director / Officer | — | D | DIRECTOR STOCK OPTIONS | 1,666 | 10.00 | 16.7K | 0 | — | ↗ |
| 2012-04-30 | BLOUW CHERYL MAE | Director | — | D | DIRECTOR STOCK OPTIONS | 1,666 | 10.00 | 16.7K | 0 | — | ↗ |
| 2012-04-30 | BLAUW RICHARD JAMES JR | Director | — | D | DIRECTOR STOCK OPTIONS | 1,666 | 10.00 | 16.7K | 0 | — | ↗ |
| 2012-02-28 | JEAKLE THOMAS PATRICK | Director | A-Award | A | Director Stock Options (Right to Buy) | 5,000 | 10.00 | 50.0K | 5,000 | — | ↗ |
| 2012-02-28 | GILL PATRICK K | Officer | A-Award | A | Stock Options (Right to Buy) | 25,000 | 10.00 | 250.0K | 25,000 | — | ↗ |
| 2012-02-01 | GILL PATRICK K | Officer | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2011-12-07 | JEAKLE THOMAS PATRICK | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2011-06-06 | HARTGERINK RANDALL L | Director | A-Award | A | Director Stock Options (Right to Buy) | 5,000 | 10.00 | 50.0K | 5,000 | — | ↗ |
| 2011-06-03 | Kortes Ted | Director | A-Award | A | Director Stock Options (Right to Buy) | 5,000 | 10.00 | 50.0K | 5,000 | — | ↗ |
| 2011-06-03 | BRACKEN ELIZABETH CLAIRE | Officer | A-Award | A | Stock Options | 5,000 | 10.00 | 50.0K | 5,000 | — | ↗ |
| 2011-05-26 | HARTGERINK RANDALL L | Director | — | I | COMMON STOCK | 0 | 0.00 | — | 9,350 | — | ↗ |
| 2011-04-15 | Kortes Ted | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2010-11-17 | SYTSMA JERRY ANDREW | Director / Officer | J-Other | D | ORGANIZER WARRANTS | 2,479 | 10.00 | 24.8K | 10,795 | — | ↗ |
| 2010-11-17 | ROODE ROGER LEE | Director | J-Other | D | ORGANIZER WARRANTS | 2,479 | 10.00 | 24.8K | 10,795 | — | ↗ |
| 2010-11-17 | HOVINGH DAVID KENNETH | Director | J-Other | D | ORGANIZER WARRANTS | 2,478 | 10.00 | 24.8K | 10,796 | — | ↗ |
| 2010-11-17 | ELDERS JEFFREY ALAN | Director / Officer | J-Other | D | ORGANIZER WARRANTS | 2,479 | 10.00 | 24.8K | 10,795 | — | ↗ |
| 2010-11-17 | BLOUW CHERYL MAE | Director | J-Other | D | ORGANIZER WARRANTS | 2,479 | 10.00 | 24.8K | 10,795 | — | ↗ |
| 2010-11-17 | BLAUW RICHARD JAMES JR | Director | J-Other | D | ORGANIZER WARRANTS | 2,479 | 10.00 | 24.8K | 10,795 | — | ↗ |
| 2010-11-17 | BILOTTI ROBERT PAUL | Director / Officer | J-Other | D | ORGANIZER WARRANTS | 2,479 | 10.00 | 24.8K | 10,795 | — | ↗ |
| 2009-04-30 | SYTSMA JERRY ANDREW | Director / Officer | — | D | ORGANIZER WARRANTS | 10,795 | 10.00 | 108.0K | 0 | — | ↗ |
| 2009-04-30 | ROODE ROGER LEE | Director | — | D | ORGANIZER WARRANTS | 13,274 | 10.00 | 132.7K | 0 | — | ↗ |
| 2009-04-30 | MARTIS MARK ARDEN | Officer | P-Purchase | A | Common Stock, par value $0.01 | 1,756 | 10.00 | 17.6K | 11,748 | — | ↗ |
| 2009-04-30 | HOVINGH DAVID KENNETH | Director | — | D | ORGANIZER WARRANTS | 13,274 | 10.00 | 132.7K | 0 | — | ↗ |
| 2009-04-30 | FITCH LAWRENCE BARCLEY | Director | — | I | COMMON STOCK | 0 | 0.00 | — | 5,000 | — | ↗ |
| 2009-04-30 | ELDERS JEFFREY ALAN | Director / Officer | — | D | ORGANIZER WARRANTS | 13,274 | 10.00 | 132.7K | 0 | — | ↗ |
| 2009-04-30 | BRACKEN ELIZABETH CLAIRE | Officer | P-Purchase | A | Common Stock, par value $0.01 | 1,000 | 10.00 | 10.0K | 1,500 | — | ↗ |
| 2009-04-30 | BLOUW CHERYL MAE | Director | — | D | ORGANIZER WARRANTS | 13,274 | 10.00 | 132.7K | 0 | — | ↗ |
| 2009-04-30 | BLOSSEY DAVID HAROLD | Director | — | I | COMMON STOCK | 0 | 0.00 | — | 5,000 | — | ↗ |
| 2009-04-30 | BLAUW RICHARD JAMES JR | Director | — | D | ORGANIZER WARRANTS | 13,274 | 10.00 | 132.7K | 0 | — | ↗ |
| 2009-04-30 | BILOTTI ROBERT PAUL | Director / Officer | — | D | ORGANIZER WARRANTS | 13,274 | 10.00 | 132.7K | 0 | — | ↗ |
| 2008-05-09 | BRACKEN ELIZABETH CLAIRE | Officer | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
Executive team
Top executives
EBIT / Employee
40.9K
Shares Outstanding
7.04M
Executive compensation
Executive compensation (annual)
| # | Year | Executive | Salary | Bonus | Stock award | Option award | Incentive | Other | Total | % Stock- based |
Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2011 | David H. Blossey President and CEO | 175.0K | — | — | 55.3K | — | 15.7K | 246.0K | 22.46% | ↗ |
| 2 | 2011 | Mark A. Martis Chief Lending Officer | 111.8K | — | — | 22.1K | — | 9.0K | 142.9K | 15.47% | ↗ |
| 3 | 2011 | Robert P. Bilotti Chairman President CEO GRCI | 55.8K | — | — | 55.3K | — | — | 111.0K | 49.77% | ↗ |
| 4 | 2011 | Elizabeth C. Bracken Chief Financial Officer | 94.5K | — | — | 16.4K | — | — | 110.9K | 14.75% | ↗ |
| 5 | 2010 | David H. Blossey President and CEO | 175.0K | — | — | 55.3K | — | 15.7K | 246.0K | 22.46% | ↗ |
| 6 | 2010 | Robert P. Bilotti Chairman President CEO GRCI | 116.7K | — | — | 55.3K | — | 2.6K | 174.5K | 31.66% | ↗ |
| 7 | 2010 | Mark A. Martis Chief Lending Officer | 110.0K | — | — | 22.1K | — | 8.8K | 140.9K | 15.68% | ↗ |
| 8 | 2010 | Elizabeth C. Bracken Chief Financial Officer | 93.0K | — | — | 11.1K | — | 572.00 | 104.6K | 10.56% | ↗ |
| 9 | 2010 | Elizabeth Bracken Chief Financial Officer | 93.0K | — | — | 11.1K | — | 572.00 | 104.6K | 10.56% | ↗ |
| 10 | 2009 | David H. Blossey President and CEO | 173.6K | — | — | 55.3K | — | 27.1K | 256.0K | 21.58% | ↗ |
| 11 | 2009 | Robert P. Bilotti Chairman President CEO GRCI | 99.2K | — | — | 55.3K | — | 15.9K | 170.3K | 32.44% | ↗ |
| 12 | 2009 | Mark A. Martis Chief Lending Officer | 109.1K | — | — | 22.1K | — | 7.5K | 138.7K | 15.94% | ↗ |
| 13 | 2009 | Elizabeth Bracken Chief Financial Officer | 88.8K | — | — | 11.1K | — | 2.7K | 102.6K | 10.77% | ↗ |
CEO compensation breakdown
Proxy statements
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Mark Arden Martis | Chief Lending Officer & Executive Vice President of Grand River Commerce Bank. | 120.8K | male |
| Kevin VanSingel | Chief Financial Officer | 94.5K | male |
| Robert Bilotti | Chairman, President & Chief Executive Officer | 55.8K | male |
| Jerry A. Sytsma | Vice President, Corporate Secretary & Director | — | male |
| Julie Rines | Vice President, Residential Mortgage, Grand River Bank | — | female |
| Margaret Coutchie | AVP Controller, Grand River Bank | — | female |
| Brent Kehrwecker | Vice President of Commercial Banking of Grand River Bank | — | — |
| Sue LeBlanc | Commercial Credit Analyst, Grand River Bank | — | female |
| Carrie Benedict | Client Services & Teller, Grand River Bank | — | female |
| Jeffrey A. Elders | Treasurer & Director | — | male |
ESG Rating
ESG Score History BANKS - REGIONAL
Benchmark vs Sector
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
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Community Opinion for GNRV
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
