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
26 Feb 25	Buy€9,482	Nelson Sanchez	Individual	212	€44.73
26 Feb 25	Sell€4,502	Nelson Sanchez	Individual	100	€45.02
20 Feb 25	Buy€17,934	Nelson Sanchez	Individual	393	€45.87
19 Feb 25	Buy€17,897	Nelson Sanchez	Individual	386	€46.60
19 Feb 25	Buy€24,019	Richard MacDonald	Individual	511	€47.00
11 Feb 25	Sell€48,538	Robert Kaminski	Individual	1,000	€48.54
06 Feb 25	Sell€48,017	Robert Kaminski	Individual	1,000	€48.02
05 Feb 25	Sell€296,125	Michael Price	Individual	6,372	€46.47
04 Feb 25	Buy€17,284	Nelson Sanchez	Individual	376	€46.16
31 Jan 25	Buy€5,832	Shoran Williams	Individual	123	€47.41
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

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of MCS?
Owner Type	Number of Shares	Ownership Percentage
State or Government	0	0%
Individual Insiders	517,159	3.19%
General Public	5,356,237	33%
Institutions	10,361,988	63.8%

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

Top Shareholders

Top 25 shareholders own 50.36% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.8%	BlackRock, Inc.	1,590,901	€60.6m	-1.52%	no data
6.82%	Dimensional Fund Advisors LP	1,106,960	€42.2m	-2.67%	0.01%
5.36%	The Vanguard Group, Inc.	869,777	€33.1m	0.26%	no data
3.15%	Renaissance Technologies LLC	510,813	€19.5m	-6.03%	0.03%
2.89%	State Street Global Advisors, Inc.	468,918	€17.9m	6.93%	no data
2.4%	American Century Investment Management Inc	389,948	€14.9m	8.22%	0.01%
2.32%	Geode Capital Management, LLC	376,907	€14.4m	-0.02%	no data
2.21%	North Star Asset Management, Inc	359,445	€13.7m	-0.91%	0.75%
1.77%	LSV Asset Management	286,710	€10.9m	3.64%	0.03%
1.71%	Tributary Capital Management, LLC	277,821	€10.6m	-3.36%	1.08%
1.51%	1st & Main Growth Partners	244,452	€9.3m	-20.1%	1.3%
1.17%	Northern Trust Global Investments	190,490	€7.3m	5.83%	no data
1.17%	Charles Schwab Investment Management, Inc.	189,962	€7.2m	0%	no data
0.97%	Bridgeway Capital Management, LLC	158,252	€6.0m	3.48%	0.13%
0.97%	ProShare Advisors LLC	156,681	€6.0m	-5.27%	0.02%
0.82%	Millennium Management LLC	132,777	€5.1m	54%	no data
0.73%	Charles Christmas	119,005	€4.5m	2.58%	no data
0.71%	Goldman Sachs Group, Investment Banking and Securities Investments	114,891	€4.4m	0%	no data
0.65%	Mercer Global Advisors Inc.	105,385	€4.0m	-6.22%	0.01%
0.64%	Morgan Stanley, Investment Banking and Brokerage Investments	104,641	€4.0m	19.8%	no data
0.57%	Allianz Asset Management GmbH	92,579	€3.5m	-18.5%	no data
0.55%	Robert Kaminski	90,046	€3.4m	-15.9%	no data
0.51%	JPMorgan Chase & Co, Brokerage and Securities Investments	83,028	€3.2m	127%	no data
0.49%	Raymond Reitsma	79,751	€3.0m	7.9%	no data
0.47%	Hotchkis and Wiley Capital Management, LLC	76,020	€2.9m	0.4%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/07 02:10
End of Day Share Price	2025/05/07 00:00
Earnings	2025/03/31
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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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