Mercantile Bank
Runs Michigan-focused community banks with commercial lending, deposits, mortgages, and treasury services.
$60.21
After-hours close−0.03 (−0.05%)
At close$60.24(+0.83%)
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Breakdown13F · Form 4
Institutions 76.74%13.26M sharesInsiders 2.32%400.5K sharesOther 20.94%3.62M shares
Shares outstanding 17.27M · Float 16.61M · 96.1% free float
Institutions13F, as of Jun 30, 2026
207 holders · 13.26M shares · 36 new positions · 109 increased · 61 reduced · 28 closed
| Holder | Shares | % outstanding | Chg q/q | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.53M | 8.88% | +145.7K | Aug 7, 2026 |
| Wellington Management Group LLP | 1.09M | 6.30% | −101.0K | Aug 14, 2026 |
| Dimensional Fund Advisors LP | 1.05M | 6.06% | +14.0K | Aug 11, 2026 |
| Vanguard Capital Management LLC | 735.6K | 4.26% | +31.3K | Aug 13, 2026 |
| American Century Companies Inc | 625.0K | 3.62% | +63.5K | Aug 12, 2026 |
| State Street Corp | 598.6K | 3.47% | +96.2K | Aug 7, 2026 |
| Geode Capital Management, LLC | 466.4K | 2.70% | +31.4K | Aug 12, 2026 |
| Renaissance Technologies LLC | 446.6K | 2.59% | −25.6K | Aug 13, 2026 |
Beneficial owners13D/G · 5% or more, as filed
| Holder | % of class | Shares | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 7.50% | 1.22M | 13G | Apr 24, 2025 ↗ |
| Wellington Management Group LLP | 6.90% | 1.19M | 13G | May 15, 2026 ↗ |
| Dimensional Fund Advisors LP | 6.00% | 1.03M | 13G | Jan 21, 2026 ↗ |
InsidersForm 4
| Insider | Role | Shares | % outstanding | Filed |
|---|---|---|---|---|
| Robert B. Kaminski | director | 89.8K | 0.52% | May 6, 2025 |
| Charles E. Christmas | officer: EVP & CFO | 70.5K | 0.41% | Feb 18, 2026 |
| Raymond E. Reitsma | director, officer: President and CEO | 64.3K | 0.37% | Feb 18, 2026 |
| Mark S. Augustyn | officer: EVP&Chief Comm Banking Officer | 31.9K | 0.18% | Feb 9, 2026 |
| Scott P. Setlock | officer: EVP, COO, & SECRETARY | 22.0K | 0.13% | Feb 9, 2026 |
| Brett Hoover | officer: EVP & CHIEF HR OFFICER | 17.6K | 0.10% | Feb 9, 2026 |
| David B. Ramaker | director | 15.8K | 0.09% | May 27, 2026 |
| Tara M. Randall | officer: EVP & Chief Experience Officer | 15.7K | 0.09% | Feb 9, 2026 |
| Michael H. Price | director | 13.0K | 0.08% | May 27, 2026 |
| Michelle Larabee Eldridge | director | 12.7K | 0.07% | May 27, 2026 |
1 ten-percent owner holds 856.0K shares by Form 4, outside the officers-and-directors figure above · 26 people have not refiled in the last 18 months (619.1K shares), so they are not in the figure above
Latest trades
| Date | Insider | Type | Shares | Avg price | Owned after |
|---|---|---|---|---|---|
| Nov 13, 2025 | Michael H. Pricedirector | Sale · 2 lots | 4,577 | $45.84 | 11,898 |
| Oct 31, 2025 | Nelson F. Sanchezdirector | Purchase | 1,000 | $43.50 | 3,502 |
CongressHouse and Senate disclosures
Not reported.