MBWM
Mercantile Bank Corporation
NASDAQ: MBWM · FINANCIAL SERVICES · BANKS - REGIONAL
$51.27
+0.21% today
Updated 2026-06-05
Market cap
$898.79M
P/E ratio
9.32
P/S ratio
3.56x
EPS (TTM)
$5.58
Dividend yield
2.87%
52W range
$41 – $55
Volume
0.1M
Mercantile Bank Corporation (MBWM) Insider transactions
Net insider activity
Net buying (25,047 shares)
Buy transactions
72
Sell transactions
28
All transactions
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 2026-05-22 | WILLIAMS, SHORAN R | Director | Buy | 715 | — | — |
| 2026-05-22 | SPARKS, AMY L | Director | Buy | 906 | — | — |
| 2026-05-22 | SCHWEIHOFER, STEVEN | Director | Buy | 715 | — | — |
| 2026-05-22 | SCHMIDT, SARA A | Director | Buy | 715 | — | — |
| 2026-05-22 | SANCHEZ, NELSON F | Director | Buy | 715 | — | — |
| 2026-05-22 | RAMAKER, DAVID B | Director | Buy | 801 | — | — |
| 2026-05-22 | PRICE, MICHAEL H | Director | Buy | 1,096 | — | — |
| 2026-05-22 | MACDONALD, RICHARD D | Director | Buy | 715 | — | — |
| 2026-05-22 | JONES, JOSEPH D | Director | Buy | 715 | — | — |
| 2026-05-22 | ELDRIDGE, MICHELLE LARABEE | Director | Buy | 830 | — | — |
| 2026-05-22 | DAVENPORT, MICHAEL S. | Director | Buy | 753 | — | — |
| 2026-02-17 | REITSMA, RAYMOND E. | Director, President and CEO | Sale | 4,040 | $54.24 | $219110.61 |
| 2026-02-17 | CHRISTMAS, CHARLES E | EVP & CFO | Sale | 3,021 | $54.24 | $163844.84 |
| 2026-02-15 | REITSMA, RAYMOND E. | Director, President and CEO | Buy | 1,808 | — | — |
| 2026-02-15 | CHRISTMAS, CHARLES E | EVP & CFO | Buy | 1,326 | — | — |
| 2026-02-05 | SETLOCK, SCOTT P | EVP, COO, & SECRETARY | Buy | 2,271 | — | — |
| 2026-02-05 | SETLOCK, SCOTT P | EVP, COO, & SECRETARY | Buy | 1,135 | — | — |
| 2026-02-05 | REITSMA, RAYMOND E. | Director, President and CEO | Buy | 7,559 | — | — |
| 2026-02-05 | REITSMA, RAYMOND E. | Director, President and CEO | Buy | 3,779 | — | — |
| 2026-02-05 | RANDALL, TARA M | EVP & Chief Experience Officer | Buy | 1,820 | — | — |
| 2026-02-05 | RANDALL, TARA M | EVP & Chief Experience Officer | Buy | 910 | — | — |
| 2026-02-05 | HOOVER, BRETT | EVP & CHIEF HR OFFICER | Buy | 1,888 | — | — |
| 2026-02-05 | HOOVER, BRETT | EVP & CHIEF HR OFFICER | Buy | 944 | — | — |
| 2026-02-05 | CHRISTMAS, CHARLES E | EVP & CFO | Buy | 2,829 | — | — |
| 2026-02-05 | CHRISTMAS, CHARLES E | EVP & CFO | Buy | 1,414 | — | — |
| 2026-02-05 | AUGUSTYN, MARK S | EVP&Chief Comm Banking Officer | Buy | 2,875 | — | — |
| 2026-02-05 | AUGUSTYN, MARK S | EVP&Chief Comm Banking Officer | Buy | 1,437 | — | — |
| 2026-01-06 | SCHWEIHOFER, STEVEN | Director | Buy | 321 | — | — |
| 2025-12-31 | SCHWEIHOFER, STEVEN | Director | Buy | 5,282 | — | — |
| 2025-12-19 | SETLOCK, SCOTT P | EVP, COO, & SECRETARY | Sale | 1,187 | $49.45 | $58697.15 |
| 2025-12-19 | RANDALL, TARA M | EVP & Chief Experience Officer | Sale | 1,500 | $49.45 | $74175.00 |
| 2025-12-19 | HOOVER, BRETT | EVP & CHIEF HR OFFICER | Sale | 950 | $49.45 | $46977.50 |
| 2025-12-19 | AUGUSTYN, MARK S | EVP&Chief Comm Banking Officer | Sale | 1,461 | $49.45 | $72246.45 |
| 2025-12-12 | AUGUSTYN, MARK S | EVP&Chief Comm Banking Officer | Sale | 2,022 | — | — |
| 2025-11-13 | PRICE, MICHAEL H | Director | Sale | 3,160 | $45.85 | $144886.00 |
| 2025-11-13 | PRICE, MICHAEL H | Director | Sale | 1,417 | $45.81 | $64912.77 |
| 2025-10-31 | SANCHEZ, NELSON F | Director | Buy | 1,000 | $43.50 | $43500.00 |
| 2025-08-18 | RAMAKER, DAVID B | Director | Buy | 1,500 | $46.71 | $70065.00 |
| 2025-07-29 | WILLIAMS, SHORAN R | Director | Buy | 200 | $47.29 | $9457.00 |
| 2025-07-17 | SPARKS, AMY L | Director | Buy | 79 | — | — |
| 2025-07-17 | RAMAKER, DAVID B | Director | Buy | 20 | — | — |
| 2025-07-17 | PRICE, MICHAEL H | Director | Buy | 47 | — | — |
| 2025-07-17 | ELDRIDGE, MICHELLE LARABEE | Director | Buy | 34 | — | — |
| 2025-07-17 | DAVENPORT, MICHAEL S. | Director | Buy | 17 | — | — |
| 2025-05-22 | WILLIAMS, SHORAN R | Director | Buy | 849 | — | — |
| 2025-05-22 | SPARKS, AMY L | Director | Buy | 979 | — | — |
| 2025-05-22 | SCHMIDT, SARA A | Director | Buy | 849 | — | — |
| 2025-05-22 | SANCHEZ, NELSON F | Director | Buy | 849 | — | — |
| 2025-05-22 | RAMAKER, DAVID B | Director | Buy | 926 | — | — |
| 2025-05-22 | PRICE, MICHAEL H | Director | Buy | 1,244 | — | — |
| 2025-05-22 | MACDONALD, RICHARD D | Director | Buy | 849 | — | — |
| 2025-05-22 | JONES, JOSEPH D | Director | Buy | 849 | — | — |
| 2025-05-22 | ELDRIDGE, MICHELLE LARABEE | Director | Buy | 943 | — | — |
| 2025-05-22 | DAVENPORT, MICHAEL S. | Director | Buy | 873 | — | — |
| 2025-05-02 | KAMINSKI, ROBERT B | Director | Sale | 250 | $42.85 | $10712.08 |
| 2025-04-02 | KAMINSKI, ROBERT B | Director | Sale | 250 | $43.14 | $10785.20 |
| 2025-03-03 | KAMINSKI, ROBERT B | Director | Sale | 250 | $48.11 | $12027.60 |
| 2025-02-26 | SANCHEZ, NELSON F | Director | Buy | 212 | $47.00 | $9964.00 |
| 2025-02-26 | SANCHEZ, NELSON F | Director | Sale | 100 | $47.31 | $4731.00 |
| 2025-02-20 | SANCHEZ, NELSON F | Director | Buy | 200 | $48.00 | $9600.00 |
| 2025-02-20 | SANCHEZ, NELSON F | Director | Buy | 193 | $47.50 | $9167.50 |
| 2025-02-19 | SANCHEZ, NELSON F | Director | Buy | 191 | $48.00 | $9168.00 |
| 2025-02-19 | REITSMA, RAYMOND E. | Director, PRESIDENT & CEO | Sale | 4,235 | $47.87 | $202729.45 |
| 2025-02-19 | MACDONALD, RICHARD D | Director | Buy | 511 | $48.92 | $24996.43 |
| 2025-02-19 | KAMINSKI, ROBERT B | Director | Sale | 7,993 | $47.87 | $382624.91 |
| 2025-02-19 | CHRISTMAS, CHARLES E | EVP AND CFO | Sale | 3,075 | $47.87 | $147200.25 |
| 2025-02-18 | SANCHEZ, NELSON F | Director | Buy | 195 | $48.50 | $9457.50 |
| 2025-02-11 | KAMINSKI, ROBERT B | Director | Sale | 1,000 | $50.22 | $50220.00 |
| 2025-02-06 | SETLOCK, SCOTT P | EVP, COO, & SECRETARY | Buy | 2,034 | — | — |
| 2025-02-06 | SETLOCK, SCOTT P | EVP, COO, & SECRETARY | Buy | 1,095 | — | — |
| 2025-02-06 | REITSMA, RAYMOND E. | Director, PRESIDENT & CEO | Buy | 6,085 | — | — |
| 2025-02-06 | REITSMA, RAYMOND E. | Director, PRESIDENT & CEO | Buy | 3,277 | — | — |
| 2025-02-06 | RANDALL, TARA M | EVP & Chief Experience Officer | Buy | 1,420 | — | — |
| 2025-02-06 | RANDALL, TARA M | EVP & Chief Experience Officer | Buy | 765 | — | — |
| 2025-02-06 | KAMINSKI, ROBERT B | Director | Sale | 1,000 | $49.82 | $49820.00 |
| 2025-02-06 | HOOVER, BRETT | EVP & CHIEF HR OFFICER | Buy | 1,504 | — | — |
| 2025-02-06 | HOOVER, BRETT | EVP & CHIEF HR OFFICER | Buy | 809 | — | — |
| 2025-02-06 | CHRISTMAS, CHARLES E | EVP AND CFO | Buy | 2,557 | — | — |
| 2025-02-06 | CHRISTMAS, CHARLES E | EVP AND CFO | Buy | 1,377 | — | — |
| 2025-02-06 | AUGUSTYN, MARK S | EVP&Chief Comm Banking Officer | Buy | 2,592 | — | — |
| 2025-02-06 | AUGUSTYN, MARK S | EVP&Chief Comm Banking Officer | Buy | 1,395 | — | — |
| 2025-02-05 | PRICE, MICHAEL H | Director | Sale | 6,372 | $48.41 | $308495.28 |
| 2025-02-04 | SANCHEZ, NELSON F | Director | Buy | 189 | $47.50 | $8977.50 |
| 2025-02-03 | SANCHEZ, NELSON F | Director | Buy | 187 | $47.89 | $8955.43 |
| 2025-02-03 | KAMINSKI, ROBERT B | Director | Sale | 229 | $46.95 | $10752.10 |
| 2025-02-03 | KAMINSKI, ROBERT B | Director | Sale | 21 | $48.14 | $1010.94 |
| 2025-01-31 | WILLIAMS, SHORAN R | Director | Buy | 123 | $49.28 | $6061.44 |
| 2025-01-29 | SANCHEZ, NELSON F | Director | Buy | 103 | $48.50 | $4995.50 |
| 2025-01-27 | KAMINSKI, ROBERT B | Director | Sale | 3,000 | $50.16 | $150480.00 |
| 2025-01-24 | KAMINSKI, ROBERT B | Director | Sale | 3,000 | $49.14 | $147420.00 |
| 2025-01-02 | WILLIAMS, SHORAN R | Director | Buy | 120 | — | — |
| 2025-01-02 | SCHMIDT, SARA A | Director | Buy | 120 | — | — |
| 2025-01-02 | MACDONALD, RICHARD D | Director | Buy | 120 | — | — |
| 2025-01-02 | KAMINSKI, ROBERT B | Director | Sale | 250 | $44.61 | $11152.50 |
| 2025-01-02 | JONES, JOSEPH D | Director | Buy | 120 | — | — |
| 2025-01-02 | DICKINSON, THOMAS D | Director | Buy | 120 | — | — |
| 2024-12-18 | SETLOCK, SCOTT P | EVP, COO, & SECRETARY | Sale | 1,115 | $47.41 | $52862.15 |
| 2024-12-02 | KAMINSKI, ROBERT B | Director | Sale | 250 | $49.60 | $12400.00 |
| 2024-11-25 | KAMINSKI, ROBERT B | Director | Sale | 5,800 | $51.75 | $300150.00 |
| 2024-11-14 | KAMINSKI, ROBERT B | Director | Sale | 4,000 | $49.51 | $198040.00 |
Frequently asked questions
Are MBWM insiders buying or selling?
Over the transactions on record, MBWM insiders have been net buyers, with about $2.91M in stock sold across 28 sales, against 13 open-market purchases.
Does insider selling at MBWM mean the stock will fall?
Not by itself. Most executive selling is pre-scheduled through 10b5-1 plans filed months in advance, and insiders sell for diversification, taxes, and liquidity far more often than out of any view on the price. Insider buying is the stronger signal, especially when several insiders buy around the same time, because there is usually only one reason to put personal cash into the stock.
Which MBWM insiders are selling the most?
Recent selling is concentrated in a few names. KAMINSKI, ROBERT B accounts for the largest share on record, with about $1.35M sold. Selling by one or two individuals matters less than broad selling across the whole leadership team, which is the pattern worth watching.