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MBWM Insider Trading

Insider Ownership Percentage: 3.20%
Insider Buying (Last 12 Months): $59,017.44
Insider Selling (Last 12 Months): $393,407.50

Mercantile Bank Insider Trading History Chart

This chart shows the insider buying and selling history at Mercantile Bank by year and by quarter.

Skip ChartChart Data in Insider Trading History Table

Mercantile Bank Share Price & Price History

Current Price: $47.51
Price Change: ▼ Price Decrease of -0.11 (-0.23%)
As of 12/4/2025 05:00 PM ET

This chart shows the closing price history over time for MBWM up to the past year.

Skip Chart and Table DataPrice Data in Insider Trading History Table
Days: 30 | 90 | 365

Mercantile Bank Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
10/31/2025Nelson F. SanchezDirectorBuy1,000$43.50$43,500.003,502View SEC Filing Icon  
7/29/2025Shoran R WilliamsDirectorBuy200$47.28$9,456.005,266View SEC Filing Icon  
5/2/2025Robert B. Kaminski, Jr.DirectorSell250$42.85$10,712.5077,986View SEC Filing Icon  
4/2/2025Robert B. Kaminski, Jr.DirectorSell250$43.14$10,785.0078,236View SEC Filing Icon  
3/3/2025Robert B. Kaminski, Jr.DirectorSell250$48.11$12,027.5078,486View SEC Filing Icon  
2/11/2025Robert B. Kaminski, Jr.DirectorSell1,000$50.22$50,220.0011,810View SEC Filing Icon  
2/3/2025Robert B. Kaminski, Jr.DirectorSell250$47.05$11,762.5086,730View SEC Filing Icon  
1/31/2025Shoran R WilliamsDirectorBuy123$49.28$6,061.444,147View SEC Filing Icon  
1/27/2025Robert B. Kaminski, Jr.DirectorSell3,000$50.16$150,480.0013,810View SEC Filing Icon  
1/24/2025Robert B. Kaminski, Jr.DirectorSell3,000$49.14$147,420.0016,810View SEC Filing Icon  
12/2/2024Robert B. Kaminski, Jr.DirectorSell250$49.60$12,400.0087,230View SEC Filing Icon  
11/25/2024Robert B. Kaminski, Jr.DirectorSell5,800$51.75$300,150.0019,810View SEC Filing Icon  
11/14/2024Robert B. Kaminski, Jr.DirectorSell4,000$49.51$198,040.0025,610View SEC Filing Icon  
11/4/2024Robert B. Kaminski, Jr.DirectorSell250$42.51$10,627.5094,480View SEC Filing Icon  
10/2/2024Robert B. Kaminski, Jr.DirectorSell250$41.77$10,442.5094,730View SEC Filing Icon  
8/26/2024Michael H. PriceDirectorSell5,000$45.57$227,850.0021,556View SEC Filing Icon  
8/2/2024Robert B. Kaminski, Jr.DirectorSell250$43.66$10,915.0095,230View SEC Filing Icon  
7/22/2024Robert B. Kaminski, Jr.DirectorSell2,000$48.01$96,020.0029,610View SEC Filing Icon  
7/19/2024Robert B. Kaminski, Jr.DirectorSell3,000$48.73$146,190.0031,610View SEC Filing Icon  
7/2/2024Robert B. Kaminski, Jr.DirectorSell250$39.83$9,957.5095,480View SEC Filing Icon  
6/6/2024Nelson F. SanchezDirectorBuy135$37.10$5,008.50620View SEC Filing Icon  
3/11/2024Nelson F. SanchezDirectorBuy100$36.51$3,651.001,265View SEC Filing Icon  
7/26/2023Michael H. PriceDirectorSell4,000$34.29$137,160.0030,080View SEC Filing Icon  
4/21/2023David B RamakerDirectorBuy3,000$28.98$86,940.0010,394View SEC Filing Icon  
1/20/2023David B RamakerDirectorBuy1,500$33.33$49,995.007,394View SEC Filing Icon  
See Full Table

SEC Filings (Institutional Ownership Changes) for Mercantile Bank (NASDAQ:MBWM)

58.63% of Mercantile Bank stock is owned by institutions. Institutional ownership can be a sign of analyst confidence in the fundamentals of the stock.

Institutional Buying and Selling by Quarter

This chart shows the instiutional buying and selling at MBWM by year and by quarter.

Skip Institutional Buying and Selling Chart and Table DataRead Chart Data in Institutional Trading History Table

Mercantile Bank Institutional Trading History

Reporting DateHedge FundShares HeldMarket Value% of PortfolioQuarterly Change in SharesOwnership in CompanyDetails
11/17/2025Voleon Capital Management LP10,611$0.48M0.0%N/A0.065%Search for SEC Filing on Google Icon
11/17/2025Qube Research & Technologies Ltd73,466$3.31M0.0%+40.8%0.452%Search for SEC Filing on Google Icon
11/17/2025Mariner LLC6,001$0.27M0.0%N/A0.037%Search for SEC Filing on Google Icon
11/17/2025Maltese Capital Management LLC82,000$3.69M0.6%-18.0%0.504%Search for SEC Filing on Google Icon
11/17/2025Mercer Global Advisors Inc. ADV110,593$4.98M0.0%+3.9%0.680%Search for SEC Filing on Google Icon
11/17/2025Millennium Management LLC82,607$3.72M0.0%-44.2%0.508%Search for SEC Filing on Google Icon
11/17/2025MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.7,381$0.33M0.0%-15.2%0.045%Search for SEC Filing on Google Icon
11/17/2025Moneta Group Investment Advisors LLC9,640$0.43M0.0%-14.8%0.059%Search for SEC Filing on Google Icon
11/17/2025Banc Funds Co. LLC160,252$7.21M1.3%-17.9%0.986%Search for SEC Filing on Google Icon
11/17/2025Bank of America Corp DE33,669$1.52M0.0%+11.9%0.207%Search for SEC Filing on Google Icon
11/17/2025Aquatic Capital Management LLC3,235$0.15M0.0%+94.9%0.020%Search for SEC Filing on Google Icon
11/17/2025Ameriprise Financial Inc.63,393$2.85M0.0%-9.5%0.390%Search for SEC Filing on Google Icon
11/14/2025Creative Planning24,038$1.08M0.0%+14.6%0.148%Search for SEC Filing on Google Icon
11/14/2025Zacks Investment Management7,451$0.34M0.0%+7.1%0.046%Search for SEC Filing on Google Icon
11/14/2025Credit Agricole S A22,442$1.01M0.0%N/A0.138%Search for SEC Filing on Google Icon
11/14/2025Raymond James Financial Inc.44,455$2M0.0%+26.0%0.274%Search for SEC Filing on Google Icon
11/14/2025Man Group plc15,228$0.69M0.0%+26.8%0.094%Search for SEC Filing on Google Icon
11/14/2025Hotchkis & Wiley Capital Management LLC201,713$9.08M0.0%+36.9%1.241%Search for SEC Filing on Google Icon
11/14/2025UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC23,340$1.05M0.0%-44.4%0.144%Search for SEC Filing on Google Icon
11/14/2025Two Sigma Investments LP77,989$3.51M0.0%+109.8%0.480%Search for SEC Filing on Google Icon
11/14/2025Bridgeway Capital Management LLC113,164$5.09M0.1%+5.1%0.696%Search for SEC Filing on Google Icon
11/14/2025Squarepoint Ops LLC6,599$0.30M0.0%-58.0%0.041%Search for SEC Filing on Google Icon
11/14/2025Comerica Bank8,162$0.37M0.0%+27.2%0.050%Search for SEC Filing on Google Icon
11/13/2025Pathstone Holdings LLC32,640$1.47M0.0%-6.9%0.201%Search for SEC Filing on Google Icon
11/13/2025Sei Investments Co.8,207$0.37M0.0%+34.4%0.050%Search for SEC Filing on Google Icon
11/13/2025UBS Group AG34,534$1.55M0.0%+61.1%0.212%Search for SEC Filing on Google Icon
11/13/2025BNP Paribas Financial Markets6,407$0.29M0.0%+43.4%0.039%Search for SEC Filing on Google Icon
11/13/2025Franklin Resources Inc.19,352$0.87M0.0%+9.0%0.119%Search for SEC Filing on Google Icon
11/13/2025Legal & General Group Plc17,862$0.80M0.0%-2.7%0.110%Search for SEC Filing on Google Icon
11/13/2025Russell Investments Group Ltd.7,849$0.35M0.0%+8.8%0.048%Search for SEC Filing on Google Icon
11/13/2025Dynamic Technology Lab Private Ltd15,034$0.68M0.1%N/A0.092%Search for SEC Filing on Google Icon
11/13/2025Natixis Advisors LLC10,083$0.45M0.0%N/A0.062%Search for SEC Filing on Google Icon
11/13/2025First Trust Advisors LP9,032$0.41M0.0%-13.5%0.056%Search for SEC Filing on Google Icon
11/12/2025Barclays PLC29,615$1.33M0.0%-25.0%0.182%Search for SEC Filing on Google Icon
11/12/2025Pitcairn Co.4,573$0.21M0.0%-15.3%0.028%Search for SEC Filing on Google Icon
11/12/2025Dimensional Fund Advisors LP1,048,346$47.18M0.0%-1.4%6.450%Search for SEC Filing on Google Icon
11/12/2025Victory Capital Management Inc.18,081$0.81M0.0%-1.8%0.111%Search for SEC Filing on Google Icon
11/12/2025Focus Partners Advisor Solutions LLC23,689$1.07M0.0%+3.5%0.146%Search for SEC Filing on Google Icon
11/12/2025Siena Capital Partners GP LLC20,000$0.90M0.3%N/A0.123%Search for SEC Filing on Google Icon
11/12/2025Strategies Wealth Advisors LLC10,949$0.49M0.1%+21.8%0.067%Search for SEC Filing on Google Icon
11/12/2025American Century Companies Inc.494,367$22.25M0.0%+9.2%3.042%Search for SEC Filing on Google Icon
11/12/2025Rafferty Asset Management LLC13,411$0.60M0.0%+59.2%0.083%Search for SEC Filing on Google Icon
11/12/2025Intech Investment Management LLC7,539$0.34M0.0%+9.9%0.046%Search for SEC Filing on Google Icon
11/12/2025US Bancorp DE3,973$0.18M0.0%-18.9%0.024%Search for SEC Filing on Google Icon
11/10/2025North Star Asset Management Inc.355,340$15.99M0.6%-0.3%2.186%Search for SEC Filing on Google Icon
11/10/2025LaFleur & Godfrey LLC32,866$1.48M0.2%-6.9%0.202%Search for SEC Filing on Google Icon
11/10/2025Ameritas Investment Partners Inc.1,327$60K0.0%-14.3%0.008%Search for SEC Filing on Google Icon
11/10/2025Semanteon Capital Management LP9,858$0.44M0.6%N/A0.061%Search for SEC Filing on Google Icon
11/7/2025First National Bank of Omaha7,741$0.35M0.0%N/A0.048%Search for SEC Filing on Google Icon
11/7/2025GSA Capital Partners LLP9,336$0.42M0.0%-57.5%0.057%Search for SEC Filing on Google Icon
11/7/2025Vanguard Group Inc.1,038,965$46.75M0.0%0.0%6.392%Search for SEC Filing on Google Icon
11/7/2025JPMorgan Chase & Co.214,647$9.66M0.0%+37.7%1.321%Search for SEC Filing on Google Icon
11/6/2025LSV Asset Management300,286$13.51M0.0%-5.6%1.847%Search for SEC Filing on Google Icon
11/6/2025Rhumbline Advisers24,652$1.11M0.0%-3.8%0.152%Search for SEC Filing on Google Icon
11/6/2025ProShare Advisors LLC130,438$5.87M0.0%-5.8%0.803%Search for SEC Filing on Google Icon
11/5/2025Alps Advisors Inc.9,559$0.43M0.0%+16.9%0.059%Search for SEC Filing on Google Icon
11/5/2025Envestnet Asset Management Inc.67,839$3.05M0.0%-14.2%0.417%Search for SEC Filing on Google Icon
11/4/2025Allianz Asset Management GmbH12,332$0.56M0.0%+5.1%0.076%Search for SEC Filing on Google Icon
11/4/2025Shakespeare Wealth Management LLC11,574$0.52M0.1%-5.1%0.071%Search for SEC Filing on Google Icon
11/4/2025Jones Financial Companies Lllp838$38K0.0%+116.0%0.005%Search for SEC Filing on Google Icon
11/4/2025Thrivent Financial for Lutherans16,129$0.73M0.0%-45.8%0.099%Search for SEC Filing on Google Icon
11/3/2025AlphaQuest LLC5,694$0.26M0.0%-4.2%0.035%Search for SEC Filing on Google Icon
11/3/2025Federated Hermes Inc.7,594$0.34M0.0%+5.8%0.047%Search for SEC Filing on Google Icon
10/30/2025Teacher Retirement System of Texas15,884$0.72M0.0%+19.4%0.098%Search for SEC Filing on Google Icon
10/30/2025Bailard Inc.17,001$0.77M0.0%+5.6%0.105%Search for SEC Filing on Google Icon
10/30/2025Universal Beteiligungs und Servicegesellschaft mbH5,324$0.24M0.0%+7.0%0.033%Search for SEC Filing on Google Icon
10/29/2025Wealth Enhancement Advisory Services LLC7,550$0.34M0.0%+58.6%0.046%Search for SEC Filing on Google Icon
10/24/2025State of Alaska Department of Revenue651$29K0.0%N/A0.004%Search for SEC Filing on Google Icon
10/23/2025Tributary Capital Management LLC497,402$22.38M1.1%+92.6%3.061%Search for SEC Filing on Google Icon
10/23/2025SG Americas Securities LLC7,279$0.33M0.0%-81.8%0.045%Search for SEC Filing on Google Icon
10/22/2025Hennion & Walsh Asset Management Inc.15,822$0.71M0.0%+4.7%0.097%Search for SEC Filing on Google Icon
10/15/2025CWM LLC12,393$0.56M0.0%+86.5%0.076%Search for SEC Filing on Google Icon
10/15/2025Inspire Investing LLC10,068$0.45M0.0%+20.1%0.062%Search for SEC Filing on Google Icon
10/14/2025Farther Finance Advisors LLC2,041$92K0.0%+76.4%0.013%Search for SEC Filing on Google Icon
10/10/2025Wedge Capital Management L L P NC17,698$0.80M0.0%+4.3%0.109%Search for SEC Filing on Google Icon
10/9/2025LVM Capital Management Ltd. MI14,578$0.66M0.1%N/A0.090%Search for SEC Filing on Google Icon
8/27/2025Squarepoint Ops LLC15,717$0.73M0.0%-23.6%0.097%Search for SEC Filing on Google Icon
8/19/2025Pitcairn Co.5,400$0.25M0.0%-19.1%0.033%Search for SEC Filing on Google Icon
8/15/2025Tower Research Capital LLC TRC 1,762$82K0.0%-46.9%0.011%Search for SEC Filing on Google Icon
8/15/2025State of Tennessee Department of Treasury9,445$0.44M0.0%N/A0.058%Search for SEC Filing on Google Icon
8/15/2025Rafferty Asset Management LLC8,426$0.39M0.0%-22.3%0.052%Search for SEC Filing on Google Icon
8/15/2025Man Group plc12,005$0.56M0.0%+20.0%0.074%Search for SEC Filing on Google Icon
8/15/2025Lazard Asset Management LLC16,091$0.75M0.0%-9.4%0.099%Search for SEC Filing on Google Icon
8/15/2025Engineers Gate Manager LP11,579$0.54M0.0%+3.2%0.071%Search for SEC Filing on Google Icon
8/15/2025BNP Paribas Financial Markets4,469$0.21M0.0%-32.3%0.028%Search for SEC Filing on Google Icon
8/15/2025Bridgeway Capital Management LLC107,642$5M0.1%+2.5%0.662%Search for SEC Filing on Google Icon
8/15/2025Balyasny Asset Management L.P.13,431$0.62M0.0%-12.1%0.083%Search for SEC Filing on Google Icon
8/15/2025Bank of America Corp DE30,089$1.40M0.0%-20.5%0.185%Search for SEC Filing on Google Icon
8/15/2025Ameriprise Financial Inc.70,082$3.25M0.0%+12.4%0.431%Search for SEC Filing on Google Icon
8/15/2025AQR Capital Management LLC109,518$5.08M0.0%+19.0%0.674%Search for SEC Filing on Google Icon
8/14/2025Jane Street Group LLC10,521$0.49M0.0%-34.0%0.065%Search for SEC Filing on Google Icon
8/14/2025Raymond James Financial Inc.35,276$1.64M0.0%+11.2%0.217%Search for SEC Filing on Google Icon
8/14/2025Quantinno Capital Management LP9,585$0.45M0.0%+75.8%0.059%Search for SEC Filing on Google Icon
8/14/2025MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.8,704$0.40M0.0%-7.0%0.054%Search for SEC Filing on Google Icon
8/14/2025The Manufacturers Life Insurance Company 6,023$0.28M0.0%+8.6%0.037%Search for SEC Filing on Google Icon
8/14/2025Sei Investments Co.6,107$0.28M0.0%+35.5%0.038%Search for SEC Filing on Google Icon
8/14/2025Qube Research & Technologies Ltd52,195$2.42M0.0%-19.4%0.321%Search for SEC Filing on Google Icon
8/14/2025Cerity Partners LLC21,779$1.01M0.0%+1.4%0.134%Search for SEC Filing on Google Icon
8/14/2025Federated Hermes Inc.7,178$0.33M0.0%+4.5%0.044%Search for SEC Filing on Google Icon
8/13/2025Marshall Wace LLP5,555$0.26M0.0%-61.1%0.034%Search for SEC Filing on Google Icon
Data available starting January 2016

See Full Table
Mercantile Bank logo
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it offers courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
Read More on Mercantile Bank

Today's Range

Now: $47.51
Low: $47.28
High: $47.77

50 Day Range

MA: $45.14
Low: $43.14
High: $47.62

52 Week Range

Now: $47.51
Low: $37.76
High: $51.89

Volume

63,917 shs

Average Volume

52,075 shs

Market Capitalization

$772.04 million

P/E Ratio

9.00

Dividend Yield

3.19%

Beta

0.91

Who are the company insiders with the largest holdings of Mercantile Bank?

Mercantile Bank's top insider investors include:
  1. Robert B Kaminski (Director)
  2. Michael H Price (Director)
  3. Shoran R Williams (Director)
  4. Nelson F Sanchez (Director)
Learn More about top insider investors at Mercantile Bank.

Who are the major institutional investors of Mercantile Bank?

Mercantile Bank's top institutional shareholders include:
  1. Dimensional Fund Advisors LP — 6.45%
  2. Vanguard Group Inc. — 6.39%
  3. Tributary Capital Management LLC — 3.06%
  4. American Century Companies Inc. — 3.04%
  5. North Star Asset Management Inc. — 2.19%
  6. LSV Asset Management — 1.85%
Learn More about top institutional investors of Mercantile Bank stock.

Which major investors are selling Mercantile Bank stock?

During the last quarter, MBWM stock was sold by these institutional investors:
  1. Millennium Management LLC
  2. Banc Funds Co. LLC
  3. SG Americas Securities LLC
  4. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC
  5. Maltese Capital Management LLC
  6. LSV Asset Management
  7. Dimensional Fund Advisors LP
  8. Thrivent Financial for Lutherans

Which major investors are buying Mercantile Bank stock?

In the last quarter, MBWM stock was bought by institutional investors including:
  1. Tributary Capital Management LLC
  2. JPMorgan Chase & Co.
  3. Hotchkis & Wiley Capital Management LLC
  4. American Century Companies Inc.
  5. Two Sigma Investments LP
  6. Credit Agricole S A
  7. Qube Research & Technologies Ltd
  8. Siena Capital Partners GP LLC
In the previous year, these company insiders have bought Mercantile Bank stock:
  1. Robert B Kaminski (Director)
  2. Michael H Price (Director)
Learn More investors buying Mercantile Bank stock.