Mercantile Bank Ownership

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

Recent Insider Transactions

NasdaqGS:MBWM Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
11 Jun 24	BuyUS$9,972	Nelson Sanchez	Individual	277	US$36.10
07 Jun 24	BuyUS$9,995	Nelson Sanchez	Individual	270	US$37.10
11 Mar 24	BuyUS$3,651	Nelson Sanchez	Individual	100	US$36.51
26 Jul 23	SellUS$137,160	Michael Price	Individual	4,000	US$34.33

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of MBWM?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	123	0.000763%
State or Government	8,732	0.0542%
Individual Insiders	506,194	3.14%
General Public	5,853,235	36.3%
Institutions	9,752,474	60.5%

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

Top Shareholders

Top 25 shareholders own 49.43% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.33%	BlackRock, Inc.	1,503,285	US$58.9m	-3.32%	no data
7.21%	Dimensional Fund Advisors LP	1,162,242	US$45.6m	0.91%	0.01%
5%	The Vanguard Group, Inc.	805,334	US$31.6m	2.76%	no data
3.24%	Renaissance Technologies LLC	522,813	US$20.5m	-2.9%	0.03%
2.8%	State Street Global Advisors, Inc.	452,146	US$17.7m	12.8%	no data
2.45%	1st & Main Growth Partners	394,729	US$15.5m	-16.3%	1.8%
2.24%	North Star Asset Management, Inc	361,274	US$14.2m	-0.29%	0.71%
2.16%	Geode Capital Management, LLC	348,333	US$13.7m	3.7%	no data
1.62%	American Century Investment Management Inc	261,321	US$10.2m	23.8%	0.01%
1.54%	Tributary Capital Management, LLC	247,727	US$9.7m	-20.9%	0.82%
1.4%	LSV Asset Management	225,404	US$8.8m	5.98%	0.02%
1.23%	Charles Schwab Investment Management, Inc.	198,416	US$7.8m	-0.31%	no data
1.14%	Northern Trust Global Investments	183,776	US$7.2m	-5.54%	no data
0.89%	First Trust Advisors LP	144,106	US$5.7m	195%	0.01%
0.87%	Bridgeway Capital Management, LLC	140,374	US$5.5m	5.25%	0.09%
0.8%	Robert Kaminski	129,731	US$5.1m	0.78%	no data
0.74%	Allianz Asset Management GmbH	118,831	US$4.7m	0%	no data
0.73%	BNY Asset Management	117,365	US$4.6m	-3.69%	no data
0.72%	Charles Christmas	116,008	US$4.5m	-2.64%	no data
0.7%	Mercer Global Advisors Inc.	112,377	US$4.4m	0%	0.01%
0.6%	Stieven Capital Advisors, L.P.	96,196	US$3.8m	-49.2%	0.81%
0.55%	Oberweis Asset Management, Inc.	89,328	US$3.5m	4.7%	0.16%
0.52%	AQR Capital Management, LLC	83,503	US$3.3m	79%	0.01%
0.49%	Hillsdale Investment Management Inc.	79,046	US$3.1m	8.51%	0.16%
0.46%	RBC Global Asset Management Inc.	74,613	US$2.9m	-15.3%	no data