Mercantile Bank Ownership | Who Owns Mercantile Bank?
Mercantile Bank Ownership Summary
Mercantile Bank is owned by 64.00% institutional investors, 3.46% insiders, and 32.54% retail investors. Blackrock is the largest institutional shareholder, holding 9.69% of MBWM shares. Vanguard Total Stock Mkt Idx Inv is the top mutual fund, with 3.02% of its assets in Mercantile Bank shares.
MBWM Ownership Benchmark
| Type | Name | % Inst | % Insiders | % Retail |
|---|---|---|---|---|
| Stock | Mercantile Bank | 64.00% | 3.46% | 32.54% |
| Sector | Financial Services Stocks | 51.64% | 15.54% | 32.82% |
| Industry | Regional Banks Stocks | 53.95% | 12.38% | 33.68% |
Institutional Shareholders
Top Institutional Shareholders by Total Shares
| Holder | Shares | % Holding | Value |
|---|---|---|---|
| Blackrock | 1.56M | 9.69% | $63.39M |
| Blackrock funding, inc. /de | 1.51M | 9.29% | $69.96M |
| Dimensional fund advisors lp | 1.11M | 6.86% | $49.25M |
| Vanguard group | 869.78K | 5.39% | $38.70M |
| Renaissance | 510.81K | 3.17% | $22.73M |
| State street | 451.96K | 2.80% | $18.34M |
| American century companies | 452.83K | 2.79% | $21.02M |
| Geode capital management | 376.91K | 2.34% | $16.77M |
| North star asset management | 363.81K | 2.26% | $14.76M |
| Lsv asset management | 318.19K | 1.96% | $14.77M |
Top Institutional Shareholders by % of Total Assets
| Holder | Shares | % Assets | Value |
|---|---|---|---|
| John w. rosenthal capital management | 45.00K | 2.10% | $2.09M |
| Banc funds | 195.15K | 1.37% | $9.06M |
| Jvl associates | 61.96K | 1.03% | $2.88M |
| Tributary capital management | 287.49K | 0.99% | $12.79M |
| North star asset management | 363.81K | 0.70% | $14.76M |
| Maltese capital management | 100.00K | 0.65% | $4.64M |
| Round hill asset management | 18.61K | 0.58% | $863.55K |
| De lisle partners llp | 74.29K | 0.49% | $3.44M |
| Wakefield asset management lllp | 22.66K | 0.29% | $1.05M |
| Lafleur & godfrey | 35.30K | 0.20% | $1.64M |
Top Buyers
| Holder | Shares | % Assets | Change |
|---|---|---|---|
| Blackrock | 1.56M | 0.00% | 59.13K |
| Millennium management | 132.78K | 0.00% | 46.56K |
| Jpmorgan chase | 122.53K | 0.00% | 40.17K |
| Tributary capital management | 287.49K | 0.99% | 40.05K |
| American century companies | 452.83K | 0.01% | 26.20K |
Top Sellers
| Holder | Shares | % Assets | Change |
|---|---|---|---|
| Segall bryant & hamill | - | - | -110.48K |
| Stieven capital advisors | - | - | -96.20K |
| Oberweis asset management inc/ | - | - | -89.89K |
| Blackrock funding, inc. /de | 1.51M | 0.00% | -83.47K |
| Assenagon asset management | - | - | -81.94K |
New Positions
| Holder | Shares | % Assets | Change | Value |
|---|---|---|---|---|
| Chicago trust co na | 15.81K | 0.10% | 15.81K | $733.79K |
| Engineers gate manager lp | 9.57K | 0.01% | 9.57K | $425.95K |
| Sg americas securities | 9.22K | 0.00% | 9.22K | $374.00K |
| Cubist systematic strategies | 4.88K | 0.00% | 4.88K | $217.29K |
| Squarepoint ops | 4.74K | 0.00% | 4.74K | $210.75K |
Sold Out
| Holder | Change |
|---|---|
| Nelson, van denburg & campbell wealth management group | -2.00 |
| Innealta capital | -4.00 |
| Parkside financial bank & trust | -10.00 |
| Stephens consulting | -10.00 |
| Smartleaf asset management | -22.00 |
Institutional Ownership Trends
| Date | Holdings | Change % | Shares | Change % | Ownership | Change % | Increased Position | Change % | Decreased Position | Change % |
|---|---|---|---|---|---|---|---|---|---|---|
| Jun 30, 2025 | 192 | -2.04% | 10,380,711 | -0.21% | 64 | 1.55% | 87 | -16.35% | 67 | 8.06% |
| Mar 31, 2025 | 194 | 8.38% | 10,381,346 | 1.05% | 64 | 1.58% | 104 | 2.97% | 60 | 33.33% |
| Dec 31, 2024 | 168 | 3.07% | 9,391,169 | -5.89% | 58 | 1.52% | 94 | 25.33% | 45 | -10.00% |
| Sep 30, 2024 | 163 | 0.62% | 9,978,859 | 1.42% | 61 | 1.66% | 75 | - | 50 | -16.67% |
| Jun 30, 2024 | 161 | 3.21% | 9,839,258 | 1.70% | 61 | 1.69% | 74 | - | 60 | 9.09% |
Top Mutual Funds Shareholders
| Holder | Shares | % Holding | Change |
|---|---|---|---|
| Vanguard Total Stock Mkt Idx Inv | 490.32K | 3.02% | -9.86K |
| Vanguard US Total Market Shares ETF | 451.49K | 2.78% | 998.00 |
| iShares Russell 2000 ETF | 380.62K | 2.34% | -7.25K |
| Avantis US Small Cap Value ETF | 376.78K | 2.32% | 320.00 |
| DFA US Small Cap Value I | 264.25K | 1.63% | -231.00 |
| Tributary Small Cap Equity | 191.28K | 1.18% | -1.79K |
| Vanguard Institutional Extnd Mkt Idx Tr | 177.42K | 1.09% | -76.82K |
| Fidelity Small Cap Index | 159.87K | 0.98% | -1.33K |
| Tributary Small Company Instl | 155.98K | 0.96% | -1.66K |
| iShares Russell 2000 Value ETF | 137.50K | 0.85% | 102.00 |
Recent Insider Transactions
| Date | Name | Role | Activity | Value |
|---|---|---|---|---|
| Aug 18, 2025 | RAMAKER DAVID B | - | Buy | $70.06K |
| Jul 29, 2025 | Williams Shoran R | - | Buy | $9.46K |
| May 02, 2025 | KAMINSKI ROBERT B | - | Sell | $10.71K |
| Apr 02, 2025 | KAMINSKI ROBERT B | - | Sell | $10.79K |
| Mar 03, 2025 | KAMINSKI ROBERT B | - | Sell | $12.03K |
Insider Transactions Trends
| Date | Buy | Sell |
|---|---|---|
| 2025 Q3 | 2 | - |
| 2025 Q2 | - | 2 |
| 2025 Q1 | 10 | 10 |
| 2024 Q4 | - | 5 |
| 2024 Q3 | - | 8 |
MBWM Ownership FAQ
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