Mercantile Bank Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:MCS Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
29 Jan 25	Buy€4,796	Nelson Sanchez	Individual	103	€46.56
27 Jan 25	Sell€283,660	Robert Kaminski	Individual	6,000	€47.76
25 Nov 24	Sell€286,313	Robert Kaminski	Individual	5,800	€49.36
14 Nov 24	Sell€187,187	Robert Kaminski	Individual	4,000	€46.80
26 Aug 24	Sell€204,049	Michael Price	Individual	5,000	€40.82
22 Jul 24	Sell€222,543	Robert Kaminski	Individual	5,000	€44.77
19 Jul 24	Sell€216,215	Michael Price	Individual	5,000	€43.24
11 Jun 24	Buy€9,297	Nelson Sanchez	Individual	277	€33.66
07 Jun 24	Buy€9,248	Nelson Sanchez	Individual	270	€34.32
11 Mar 24	Buy€3,341	Nelson Sanchez	Individual	100	€33.41

Insider Trading Volume

Insider Buying: MCS insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of MCS?
Owner Type	Number of Shares	Ownership Percentage
State or Government	8,732	0.0541%
Individual Insiders	542,457	3.36%
General Public	5,262,352	32.6%
Institutions	10,328,388	64%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 51.47% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.93%	BlackRock, Inc.	1,602,909	€73.7m	2.59%	no data
7.05%	Dimensional Fund Advisors LP	1,137,354	€52.3m	-0.96%	0.01%
5.37%	The Vanguard Group, Inc.	867,525	€39.9m	3.58%	no data
3.37%	Renaissance Technologies LLC	543,586	€25.0m	2.39%	0.04%
2.72%	State Street Global Advisors, Inc.	438,524	€20.2m	-2.97%	no data
2.34%	Geode Capital Management, LLC	376,979	€17.3m	3.91%	no data
2.25%	North Star Asset Management, Inc	362,759	€16.7m	-0.29%	0.79%
2.23%	American Century Investment Management Inc	360,344	€16.6m	16.7%	0.01%
1.89%	1st & Main Growth Partners	305,847	€14.1m	-9.34%	1.52%
1.78%	Tributary Capital Management, LLC	287,487	€13.2m	16.2%	1.06%
1.71%	LSV Asset Management	276,629	€12.7m	6.34%	0.03%
1.22%	Charles Schwab Investment Management, Inc.	196,324	€9.0m	0%	no data
1.12%	Northern Trust Global Investments	179,999	€8.3m	0.93%	no data
1.02%	ProShare Advisors LLC	165,396	€7.6m	-3.89%	0.02%
0.96%	Bridgeway Capital Management, LLC	155,593	€7.2m	1.74%	0.12%
0.72%	Charles Christmas	116,008	€5.3m	0%	no data
0.7%	Allianz Asset Management GmbH	113,605	€5.2m	-4.03%	no data
0.7%	Mercer Global Advisors Inc.	112,377	€5.2m	0%	0.01%
0.69%	Epoch Investment Partners, Inc.	111,754	€5.1m	94.2%	0.09%
0.69%	BNY Asset Management	110,688	€5.1m	-8.29%	no data
0.68%	Segall Bryant & Hamill, LLC	110,482	€5.1m	-11.6%	0.07%
0.63%	Goldman Sachs Group, Investment Banking and Securities Investments	101,845	€4.7m	74.6%	no data
0.62%	Robert Kaminski	100,790	€4.6m	-19.1%	no data
0.54%	Morgan Stanley, Investment Banking and Brokerage Investments	87,386	€4.0m	30.8%	no data
0.53%	Millennium Management LLC	86,218	€4.0m	50.9%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/04 08:08
End of Day Share Price	2025/02/04 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mercantile Bank Corporation is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kevin Reevey	D.A. Davidson & Co.
Brendan Nosal	Hovde Group, LLC
John Rodis	Janney Montgomery Scott LLC