Mercantile Bank Corporation $MBWM Shares Acquired by Siena Capital Partners GP LLC

Posted by Brian Himes on Jun 8th, 2026

Siena Capital Partners GP LLC lifted its stake in shares of Mercantile Bank Corporation (NASDAQ:MBWM – Free Report) by 319.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,966 shares of the financial services provider’s stock after acquiring an additional 63,966 shares during the quarter. Siena Capital Partners GP LLC’s holdings in Mercantile Bank were worth $4,039,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Jones Financial Companies Lllp grew its position in Mercantile Bank by 116.0% in the third quarter. Jones Financial Companies Lllp now owns 838 shares of the financial services provider’s stock worth $38,000 after buying an additional 450 shares during the last quarter. Aquatic Capital Management LLC grew its position in Mercantile Bank by 94.9% in the third quarter. Aquatic Capital Management LLC now owns 3,235 shares of the financial services provider’s stock worth $146,000 after buying an additional 1,575 shares during the last quarter. Quantbot Technologies LP grew its position in Mercantile Bank by 251.9% in the second quarter. Quantbot Technologies LP now owns 4,370 shares of the financial services provider’s stock worth $203,000 after buying an additional 3,128 shares during the last quarter. Blue Water Asset Management acquired a new position in Mercantile Bank in the fourth quarter worth approximately $269,000. Finally, Mariner LLC acquired a new position in Mercantile Bank in the third quarter worth approximately $270,000. Institutional investors and hedge funds own 58.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Mercantile Bank to a “hold” rating in a research report on Saturday, March 28th. Stephens initiated coverage on shares of Mercantile Bank in a research report on Wednesday, March 25th. They issued an “equal weight” rating and a $54.00 price target on the stock. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Mercantile Bank presently has an average rating of “Moderate Buy” and an average target price of $56.20.

Check Out Our Latest Research Report on Mercantile Bank

Mercantile Bank Stock Performance

Mercantile Bank stock opened at $52.74 on Monday. The company has a 50 day moving average price of $51.82 and a 200 day moving average price of $50.70. Mercantile Bank Corporation has a 52 week low of $42.17 and a 52 week high of $55.77. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $911.03 million, a price-to-earnings ratio of 9.47 and a beta of 0.81.

Mercantile Bank (NASDAQ:MBWM – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.13. Mercantile Bank had a net margin of 24.19% and a return on equity of 13.73%. The firm had revenue of $67.59 million during the quarter, compared to analyst estimates of $67.41 million. Research analysts forecast that Mercantile Bank Corporation will post 5.63 EPS for the current year.

Mercantile Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.56 dividend on an annualized basis and a yield of 3.0%. Mercantile Bank’s dividend payout ratio (DPR) is currently 28.01%.

Mercantile Bank Company Profile

(Free Report)

Mercantile Bank Corporation (NASDAQ: MBWM) is the bank holding company for Mercantile Bank of Michigan, a full-service commercial bank headquartered in Grand Rapids, Michigan. Through its state-chartered subsidiary, the company provides a broad range of financial products and services to small and mid-sized businesses, professionals and consumers across West and Central Michigan.

The bank’s core offerings include deposit products such as checking, savings and money market accounts, alongside commercial and consumer loan portfolios.