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Buy Day today: Good (62) Broad market participation · no major macro event
MBWM

Mercantile Bank Corporation

Financial Services · Banks - Regional

60.40$ -0.3% vs. previous close Closing price · As of: Sep 17, 2026

Ownership

Ownership Structure

Who owns Mercantile Bank Corporation (MBWM)? This page shows the largest institutions and funds, the ownership structure and the latest insider transactions. 97.4% of the shares are freely tradable; institutional investors hold 69.0%.

Institutional ownership ?Share of the stock held by institutional investors (funds, banks, insurers) according to regulatory filings. 69.0%
Insiders ?Share of the stock held by the executives, founders and major shareholders of the company itself. 3.1%
Float ?Share of stock freely tradable on the market — not locked up in the hands of founders, insiders, or major shareholders. 97.4%
Short % of float ?Shares sold short as a percentage of the freely tradable float — high values signal many bets on falling prices. 3.1%
Shares Outstanding ?Total number of shares issued. Price times share count gives market cap. 17Mio.

Largest Shareholders

Institutions

Institutions MBWM
Name Stake (%) Shares Change (%) Date
BlackRock Inc 8.03 1,388,714 -3.5 03/31/2026
Wellington Management Company LLP 6.29 1,087,998 -8.5 06/30/2026
Dimensional Fund Advisors, Inc. 6.06 1,046,841 +1.4 06/30/2026
Vanguard Capital Management, LLC 4.07 704,324 +0.0 03/31/2026
American Century Companies Inc 3.62 625,015 +11.3 06/30/2026
State Street Corp 2.91 502,468 +12.4 03/31/2026
Renaissance Technologies Corp 2.73 472,213 -4.8 03/31/2026

Funds

Funds MBWM
Name Stake (%) Shares Change (%) Date
Avantis US Small Cap Value ETF 3.18 549,936 +0.0 08/31/2026
Vanguard MStar Total Stk Mkt Idx Invest 3.01 520,137 +0.0 07/31/2026
iShares Russell 2000 ETF 2.71 468,109 -0.6 08/31/2026

Largest reported positions according to regulatory filings; stake as a percentage of shares outstanding, change versus the previous filing. Source: fundamentals data.

Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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