Mercantile Bank Ownership | Who Owns Mercantile Bank?
Mercantile Bank Ownership Summary
Mercantile Bank is owned by 23.79% institutional investors, 3.05% insiders, and 73.15% retail investors. Blackrock is the largest institutional shareholder, holding 9.69% of MBWM shares. Avantis US Small Cap Value ETF is the top mutual fund, with 3.07% of its assets in Mercantile Bank shares.
MBWM Ownership Benchmark
| Type | Name | % Inst | % Insiders | % Retail |
|---|---|---|---|---|
| Stock | Mercantile Bank | 23.79% | 3.05% | 73.15% |
| Sector | Financial Services Stocks | 746.79% | 13.83% | -660.62% |
| Industry | Regional Banks Stocks | 38.12% | 12.89% | 48.99% |
Institutional Shareholders
Top Institutional Shareholders by Total Shares
| Holder | Shares | % Holding | Value |
|---|---|---|---|
| Blackrock | 1.56M | 9.69% | $63.39M |
| Blackrock funding, inc. /de | 1.53M | 8.90% | $88.10M |
| Vanguard group | 1.07M | 6.56% | $51.29M |
| Wellington management group llp | 1.09M | 6.31% | $62.47M |
| Dimensional fund advisors lp | 1.05M | 6.07% | $60.11M |
| Vanguard capital management | 735.61K | 4.27% | $42.24M |
| American century companies | 625.01K | 3.63% | $35.89M |
| State street | 598.64K | 3.47% | $34.37M |
| Geode capital management | 466.41K | 2.71% | $26.79M |
| Renaissance | 446.61K | 2.59% | $25.64M |
Top Institutional Shareholders by % of Total Assets
| Holder | Shares | % Assets | Value |
|---|---|---|---|
| John w. rosenthal capital management | 45.00K | 2.26% | $2.58M |
| Elizabeth park capital advisors | 50.97K | 2.02% | $2.93M |
| Rhino investment partners | 93.92K | 1.63% | $5.39M |
| Banc funds | 131.16K | 1.24% | $7.53M |
| Siena capital partners gp | 83.97K | 1.17% | $4.82M |
| Jvl associates | 67.19K | 1.09% | $3.86M |
| Tributary capital management | 218.15K | 1.03% | $12.53M |
| North star asset management | 383.18K | 0.84% | $19.35M |
| Maltese capital management | 60.00K | 0.63% | $3.45M |
| Round hill asset management | 16.93K | 0.61% | $971.83K |
Top Buyers
| Holder | Shares | % Assets | Change |
|---|---|---|---|
| Blackrock funding, inc. /de | 1.53M | 0.00% | 145.68K |
| Sixth street partners management company | 144.19K | 0.00% | 144.19K |
| State street | 598.64K | 0.00% | 96.17K |
| Rhino investment partners | 93.92K | 1.63% | 93.92K |
| Citadel advisors | 93.09K | 0.00% | 64.16K |
Top Sellers
| Holder | Shares | % Assets | Change |
|---|---|---|---|
| Proshare advisors | - | - | -125.63K |
| Segall bryant & hamill | - | - | -110.48K |
| Wellington management group llp | 1.09M | 0.01% | -101.03K |
| Stieven capital advisors | - | - | -96.20K |
| Oberweis asset management inc/ | - | - | -89.89K |
New Positions
| Holder | Shares | % Assets | Change | Value |
|---|---|---|---|---|
| Sixth street partners management company | 144.19K | 0.00% | 144.19K | $8.28M |
| Rhino investment partners | 93.92K | 1.63% | 93.92K | $5.39M |
| Maltese capital management | 60.00K | 0.63% | 60.00K | $3.45M |
| Abundance wealth counselors | 56.18K | 0.21% | 56.18K | $3.23M |
| Hrt financial lp | 48.93K | 0.01% | 48.93K | $2.81M |
Sold Out
| Holder | Change |
|---|---|
| Nelson, van denburg & campbell wealth management group | -2.00 |
| Innealta capital | -4.00 |
| Twin peaks wealth advisors | -8.00 |
| Stephens consulting | -10.00 |
| Parkside financial bank & trust | -10.00 |
Institutional Ownership Trends
| Date | Holdings | Change % | Shares | Change % | Ownership | Change % | Increased Position | Change % | Decreased Position | Change % |
|---|---|---|---|---|---|---|---|---|---|---|
| Mar 31, 2026 | 93 | -51.56% | 4,101,542 | -61.94% | 23 | 0.54% | 45 | -42.31% | 23 | -71.95% |
| Dec 31, 2025 | 50 | -74.87% | 1,834,633 | -82.72% | 11 | 0.26% | 17 | -83.81% | 22 | -63.93% |
| Sep 30, 2025 | 75 | -59.68% | 3,349,313 | -66.69% | 20 | 0.54% | 37 | -55.95% | 21 | -67.19% |
| 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% |
Top Mutual Funds Shareholders
| Holder | Shares | % Holding | Change |
|---|---|---|---|
| Avantis US Small Cap Value ETF | 531.42K | 3.07% | 500.00 |
| Vanguard Total Stock Mkt Idx Inv | 520.14K | 3.01% | - |
| Vanguard Morn Total Stk Mkt Idx Investor | 520.14K | 3.01% | - |
| Vanguard US Total Market Shares ETF | 451.49K | 2.78% | 998.00 |
| iShares Russell 2000 ETF | 471.49K | 2.73% | -8.35K |
| DFA US Small Cap Value I | 233.92K | 1.35% | - |
| Vanguard Institutional Extnd Mkt Idx Tr | 199.00K | 1.15% | 4.44K |
| Fidelity Small Cap Index | 167.34K | 0.97% | 982.00 |
| Tributary Small Cap Equity | 164.53K | 0.95% | -224.00 |
| iShares Russell 2000 Value ETF | 162.64K | 0.94% | - |
Recent Insider Transactions
| Date | Name | Role | Activity | Value |
|---|---|---|---|---|
| Nov 13, 2025 | PRICE MICHAEL H | - | Sell | $144.89K |
| Nov 13, 2025 | PRICE MICHAEL H | - | Sell | $64.91K |
| Oct 31, 2025 | Sanchez Nelson F | - | Buy | $43.50K |
| Aug 18, 2025 | RAMAKER DAVID B | - | Buy | $70.06K |
| Jul 29, 2025 | Williams Shoran R | - | Buy | $9.46K |
Insider Transactions Trends
| Date | Buy | Sell |
|---|---|---|
| 2026 Q1 | - | - |
| 2025 Q4 | 1 | 2 |
| 2025 Q3 | 2 | - |
| 2025 Q2 | - | 2 |
| 2025 Q1 | 10 | 10 |
MBWM Ownership FAQ
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