Mercantile Bank Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

NasdaqGS:MBWM Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
18 Aug 22BuyUS$109,740David RamakerIndividual3,000US$36.58
26 Jan 22SellUS$145,138Lonna WiersmaIndividual3,714US$39.60
25 Jan 22SellUS$41,109Michael PriceIndividual1,053US$39.04
21 Jan 22SellUS$114,330Robert WorthingtonIndividual3,000US$38.11
05 Nov 21SellUS$92,200Lonna WiersmaIndividual2,500US$36.88

Ownership Breakdown

What is the ownership structure of MBWM?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders1,302,1948.2%
General Public5,589,45335.2%
Institutions8,969,43556.5%

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


Top Shareholders

Top 25 shareholders own 52.83% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
8.6%
BlackRock, Inc.
1,363,914$40.5m1.03%no data
7.46%
Dimensional Fund Advisors LP
1,183,445$35.2m2.56%0.01%
4.78%
The Vanguard Group, Inc.
757,707$22.5m-0.9%no data
4.57%
Bruce Visser
725,297$21.5m0%no data
4.14%
Renaissance Technologies LLC
656,713$19.5m-1.77%0.02%
3.09%
Banc Funds Company, L.L.C.
490,158$14.6m0%1.36%
2.48%
State Street Global Advisors, Inc.
393,857$11.7m-7.82%no data
2.05%
Tributary Capital Management, LLC
324,695$9.6m-2.78%0.99%
1.84%
North Star Asset Management, Inc
291,250$8.7m2.07%0.62%
1.72%
Geode Capital Management, LLC
272,196$8.1m5.56%no data
1.66%
Stieven Capital Advisors, L.P.
263,583$7.8m10.43%1.25%
1.19%
Northern Trust Global Investments
189,269$5.6m4.71%no data
0.95%
Hotchkis and Wiley Capital Management, LLC
150,310$4.5m5.47%0.02%
0.94%
Acadian Asset Management LLC
148,377$4.4m2.83%0.02%
0.9%
LSV Asset Management
143,100$4.3m-1.06%0.01%
0.74%
RBC Global Asset Management Inc.
117,413$3.5m28.89%no data
0.7%
Robert Kaminski
111,281$3.3m0%no data
0.69%
Jeff Gardner
109,431$3.3m0%no data
0.68%
BNY Mellon Asset Management
107,736$3.2m-4.24%no data
0.66%
Rhino Investment Partners, Inc.
104,055$3.1m0%1.37%
0.65%
Charles Christmas
103,886$3.1m0%no data
0.65%
Charles Schwab Investment Management, Inc.
102,587$3.0m-3.42%no data
0.59%
American Century Investment Management Inc
92,950$2.8m26.88%no data
0.56%
Eaton Vance Management
89,031$2.6m1.82%no data
0.55%
Mercer Global Advisors Inc.
86,640$2.6m0%0.01%