Castine Capital Management’s Mercantile Bank Corp MBWM Stock Holding History

Castine Capital Management’s Portfolio MBWM Stock Details MBWM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-84,865	Closed	-$3.2M	–	37
2016 Q4	$3.2M	Sell	84,865 -87,042	-51%	-$2.74M	1.34%	35
2016 Q3	$4.62M	Sell	171,907 -8,093	-4%	-$210K	2.29%	20
2016 Q2	$4.29M	Hold	180,000	–	–	2.06%	24
2016 Q1	$4.04M	Hold	180,000	–	–	2%	26
2015 Q4	$4.42M	Sell	180,000 -56,176	-24%	-$1.32M	2.03%	25
2015 Q3	$4.91M	Sell	236,176 -13,824	-6%	-$283K	2.23%	18
2015 Q2	$5.35M	Buy	250,000 +67,100	+37%	+$1.36M	2.25%	21
2015 Q1	$3.58M	Buy	182,900 +22,900	+14%	+$444K	1.53%	31
2014 Q4	$3.36M	Buy	160,000 +32,517	+26%	+$644K	1.46%	34
2014 Q3	$2.43M	Buy	+127,483	New	+$2.52M	1.09%	35

Other funds holding MBWM

BFC

Banc Funds Company Chicago, Illinois $605M AUM 26% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

NSAM

North Star Asset Management Neenah, Wisconsin $2.54B AUM 17.62% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

TCM

Tributary Capital Management Omaha, Nebraska $1.22B AUM 44.12% 1-Year Est. Return

LSV Asset Management Chicago, Illinois $55.1B AUM 45.38% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Castine Capital Management's MBWM Position: Q1 2017 in Review

Castine Capital Management sold out of Mercantile Bank Corp (MBWM) in Q1 2017, closing a stake of 84,865 shares — an estimated $3.2M sold.

Castine Capital Management first reported a position in MBWM in Q3 2014 and held it in 10 quarters. The position peaked at $5.35M in Q2 2015. 95 funds tracked by Wall St. Rank hold MBWM as of Q1 2017.

Castine Capital Management reported no remaining Mercantile Bank Corp position as of Q1 2017 after selling out during the quarter.
Castine Capital Management sold 84,865 Mercantile Bank Corp shares in Q1 2017, an estimated $3.2M.
Castine Capital Management first reported a position in Mercantile Bank Corp in Q3 2014 and held it in 10 quarters.
Castine Capital Management's Mercantile Bank Corp position peaked at $5.35M in Q2 2015.
95 funds tracked by Wall St. Rank held Mercantile Bank Corp as of Q1 2017.

Based on Castine Capital Management's 13F filing for Q1 2017, filed 15 May 2017.