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MBWM · Mercantile Bank Corp
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MBWM Mercantile Bank (MBWM) Insider Trading, Ownership & Congress Trades

Banks · State commercial banks · CIK 0001042729
Quote by TradingView
SEC filings
Insider buyers, 180 days
0
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
105
13F, latest reported quarter

Mercantile Bank insider trades (Form 4)

Form 4 buys and sells (codes P and S). Grants, option exercises and conversions excluded.

No insider purchases or sales are on record for MERCANTILE BANK CORP in the period covered. Source: SEC Form 4 filings, as of 2026-10-27.

Insider
Filed
Shares
Value
Since filing
PRICE MICHAEL H
Director
SELL
2025-11-17 SECtraded 2025-11-13
3,160
$144.9K
+43.1%
Context
  • 7 earlier Form 4 trades (code P or S) here by this insider (7 sales), the last on Feb 5, 2025.
  • The trade is 23.7% of the 13,315 shares held after it.
  • No other insider sold within 30 days.
  • 105 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director PRICE MICHAEL H sold about $144.9K of MBWM on Nov 13, 2025; 105 funds added in the latest 13F quarter.
PRICE MICHAEL H
Director
SELL
2025-11-17 SECtraded 2025-11-13
1,417
$64.9K
+43.1%
Context
  • 7 earlier Form 4 trades (code P or S) here by this insider (7 sales), the last on Feb 5, 2025.
  • The trade is 11.9% of the 11,898 shares held after it.
  • No other insider sold within 30 days.
  • 105 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director PRICE MICHAEL H sold about $64.9K of MBWM on Nov 13, 2025; 105 funds added in the latest 13F quarter.
Sanchez Nelson F
Director
BUY
2025-11-04 SECtraded 2025-10-31
1,000
$43.5K
+37.6%
Context
  • 14 earlier Form 4 trades (code P or S) here by this insider (13 buys, 1 sale), the last on Feb 26, 2025.
  • -4.6% median (+2.3% mean) 90-day return after 12 previous buys.
  • The trade is 28.6% of the 3,502 shares held after it.
  • No other insider bought within 30 days.
  • 105 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Sanchez Nelson F bought about $43.5K of MBWM on Oct 31, 2025; 105 funds added in the latest 13F quarter.
RAMAKER DAVID B
Director
BUY
2025-08-19 SECtraded 2025-08-18
1,500
$70.1K
+32.2%
Context
  • 3 earlier Form 4 trades (code P or S) here by this insider (3 buys), the last on Apr 21, 2023.
  • -3.5% median (+1.1% mean) 90-day return after 3 previous buys.
  • The trade is 10.0% of the 15,014 shares held after it.
  • 1 other insider bought within 30 days.
  • 105 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director RAMAKER DAVID B bought about $70.1K of MBWM on Aug 18, 2025, the largest insider purchase at the company since 2023; 1 other insider bought within 30 days and 105 funds added in the latest 13F quarter.
Williams Shoran R
Director
BUY
2025-07-30 SECtraded 2025-07-29
200
$9.5K
+38.0%
Context
  • 1 earlier Form 4 trade (code P or S) here by this insider (1 buy), the last on Jan 31, 2025.
  • The trade is 3.8% of the 5,266 shares held after it.
  • 1 other insider bought within 30 days.
  • 105 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Williams Shoran R bought about $9.5K of MBWM on Jul 29, 2025; 1 other insider bought within 30 days and 105 funds added in the latest 13F quarter.
57 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
See all insider buying · insider selling
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Seven facts, ranked against the sector · Rank is not a forecast
Insiders
no insider buys or sells on file
Congress
no House purchase disclosed in the last 12 months
Funds
105 funds bought in last quarter
more than 57% of Banks
Revenue
no revenue reported in any filing
Margin
no margin: no revenue reported
Buybacks
no share repurchases reported
Short interest
3.7% of the float short (float per yahoo 2026-10-26) · 5.5 days to cover · settled 2026-09-30
more than 62% of Banks
What changed in the last 30 days
Nothing new filed in the last 30 days

Watch MBWM

A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.

The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
+38.3%12M
-4%+11%+26%+40%2025-102025-122026-022026-042026-062026-082026-10 2025-11-13 · PRICE MICHAEL H sold $144.9K2025-11-13 · PRICE MICHAEL H sold $64.9K2025-10-31 · Sanchez Nelson F bought $43.5K
Insider buyInsider sell
Indexed to 100, dividend-adjusted, not a price chart. When a name files heavily, the largest trades are drawn first.

Who owns MBWM: institutional holders (13F)

13F holdings, latest reported quarter
BlackRock, Inc.
1,534,392 sh
$88.1M
WELLINGTON MANAGEMENT GROUP LLP
1,087,998 sh
$62.5M
DIMENSIONAL FUND ADVISORS LP
1,046,841 sh
$60.1M
VANGUARD CAPITAL MANAGEMENT LLC
735,613 sh
$42.2M
AMERICAN CENTURY COMPANIES INC
625,015 sh
$35.9M

Congress trades in MBWM

No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.

Activist and 5% holders (13D/13G)

No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.

MBWM planned insider sales (Form 144)

No planned-sale notices
No insider has filed to sell. Watch this after a run-up.

MBWM mutual fund holders (N-PORT)

Funds ranked by the share of their own portfolio in this stock (N-PORT).
TRIBUTARY SMALL COMPANY FUND
$7.4M position · as of 2026-06-30
1.1%
ProShares Russell 2000 Dividend Growers ETF
$6.6M position · as of 2026-05-31
1.0%
Nationwide Bailard Small Cap Value Fund
$1.1M position · as of 2026-07-31
0.8%
Victory Integrity Discovery Fund
$631.6K position · as of 2026-06-30
0.7%
Royce Quant Small-Cap Quality Value ETF
$136.8K position · as of 2026-06-30
0.5%
LSV Small Cap Value Fund
$2.9M position · as of 2026-07-31
0.4%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M · % is the share of the fund's own portfolio
Executive pay vs shareholder return · PEOOne
CEO pay, headline and as actually paid, against the company's return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$1.8M
$1.2M
$761.8K
+113%
+96%
2023
$1.5M
$1.8M
$694.9K
+67%
+8%
2022
$1.4M
$1.7M
$558.3K
+33%
+9%
2021
$1.2M
$2.0M
$608.3K
+34%
+38%
2020
$1.1M
$645.6K
$609.4K
-12%
+0%
Tagged by the company under SEC Item 402(v). Returns are cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
The complete filing record, in one place.
The record shows 105 funds added last quarter. Each figure is a federal filing, dated the day it went public.
Backtest this pattern Open the screener
Same sector, ranked by filing activity
Sector by SEC SIC code
UMBFBWFGPBPEBOFMBMGABCNEWTPCBDCOMISBAWSBFJMSB

MBWM financials

Ratios from the company's XBRL filings, latest filings
Revenue, TTM
n/a
fewer than four consecutive quarters of revenue filed
Net margin, TTM
n/a
needs four consecutive quarters of both revenue and net income
Free cash flow, TTM
n/a
capex not filed for the four quarters
Debt to equity
n/a
no debt line filed
Cash flow to debt
n/a
no debt line filed
Return on equity
+13.7%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets
+1.5%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on invested capital
n/a
fewer than four consecutive quarters of operating income
Return on capital employed
n/a
fewer than four consecutive quarters of operating income
P/E, trailing
10.75x
close 2026-10-26 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
Enterprise value
n/a
no debt line filed
FCF yield
n/a
capex not filed for the four quarters
PEG, trailing
0.82x
P/E over trailing EPS growth of 13%: four quarters to 2026-06-30 against the four to 2025-06-30
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
2025-122024-122023-122022-12
Net income$88.8M$79.6M$82.2M$61.1M
EPS (diluted)5.474.935.133.85
Operating cash flow$18.0M$101.1M$66.6M$119.9M
Buybacksn/an/a$0$0
Dividends paid$24.0M$22.5M$21.0M$19.6M
SEC XBRL, fiscal years, as known on 2026-10-27

MBWM Stock Sonar score 3/7 axes

Find similar shapesCompare

MBWM ranks highest on profitability (82nd percentile) and institutional and government (57th), and lowest on risk and compliance (43rd), among Banks peers.

Profitability
82
Inputs
  • Return on equity+13.7% · 81 pct, sector of 327
  • Return on assets+1.5% · 83 pct, sector of 334
  • Return on invested capitalfewer than four consecutive quarters of operating income
  • Return on capital employedfewer than four consecutive quarters of operating income
Institutional and government
57
Inputs
  • Funds adding, latest quarter105 · 57 pct, sector of 257
  • Congress net buyers, 365dno Congress trades in 365 days
  • Federal contracts, 180dno federal contracts in 180 days
  • Lobbying spend, 4 quartersno lobbying filings in the last four quarters
Risk and compliance
43
Inputs
  • Short interest, % of float+3.7% · 43 pct, sector of 378
  • Recalls per $1B revenue, 3yrevenue under $50M or not filed, so a count cannot be scaled to size
  • EPA cases per $1B revenue, 5yrevenue under $50M or not filed, so a count cannot be scaled to size
  • New text in Risk Factors, latest 10-Kneeds two 10-Ks with a Risk Factors section (not 20-F filers or stubs)
4 not measured: Financial health, Growth, Insider conviction, US patents
  • Financial health needs 1 of 2 inputs, 0 present: no debt line filed
  • Growth needs 1 of 2 inputs, 0 present: no backlog line filed, or no year-earlier backlog; no revenue for this year and the year before
  • Insider conviction needs 1 of 2 inputs, 0 present: no Form 4 purchase or sale (code P or S) in 180 days; no insider trades in 180 days
  • US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet

3 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored

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