MBWM
Mercantile Bank Corporation Financial Services - Banks - Regional Investor Relations →
Mercantile Bank Corporation (MBWM) closed at $48.64 as of 2026-03-20, trading 31.0% above its 200-week moving average of $37.13. The stock is currently moving closer to the line, down from 34.8% last week. The 14-week RSI sits at 48, indicating neutral momentum.
A big spike in selling this week — 2.2x the usual volume, and the price dropped. Sometimes this kind of heavy selling marks the end of a decline. The idea is that the last reluctant holders have finally sold, leaving fewer sellers left to push the price lower.
Over the past 1343 weeks of data, MBWM has crossed below its 200-week moving average 10 times. On average, these episodes lasted 29 weeks. Historically, investors who bought MBWM at the start of these episodes saw an average one-year return of +24.9%.
With a market cap of $840 million, MBWM is a small-cap stock. Return on equity stands at 13.6%. The stock trades at 1.1x book value.
Share count has increased 7.4% over three years, indicating dilution.
Over the past 25.8 years, a hypothetical investment of $100 in MBWM would have grown to $1387, compared to $709 for the S&P 500. That represents an annualized return of 10.7% vs 7.9% for the index — confirming MBWM as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -54.2% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: MBWM vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After MBWM Crosses Below the Line?
Across 10 historical episodes, buying MBWM when it crossed below its 200-week moving average produced an average return of +26.8% after 12 months (median +43.0%), compared to +7.7% for the S&P 500 over the same periods. 80% of those episodes were profitable after one year. After 24 months, the average return was +50.6% vs +3.9% for the index.
Each line shows $100 invested at the moment MBWM crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
MBWM has crossed below its 200-week MA 10 times with an average 1-year return of +24.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jun 2000 | Dec 2000 | 23 | 23.7% | +85.3% | +1286.8% |
| Dec 2000 | Jan 2001 | 2 | 3.8% | +54.0% | +1019.5% |
| Jan 2007 | Jan 2007 | 2 | 0.6% | -60.5% | +184.2% |
| Feb 2007 | Jan 2011 | 203 | 86.6% | -55.6% | +188.8% |
| Jan 2011 | Feb 2011 | 1 | 6.7% | +43.2% | +913.7% |
| Feb 2011 | Feb 2011 | 1 | 3.2% | +54.8% | +907.7% |
| Feb 2020 | Jan 2021 | 46 | 39.8% | +6.7% | +114.6% |
| Jan 2021 | Feb 2021 | 1 | 4.9% | +47.3% | +116.7% |
| Apr 2023 | Jun 2023 | 6 | 15.1% | +34.6% | +92.9% |
| Jun 2023 | Jul 2023 | 3 | 2.8% | +39.1% | +93.9% |
| Average | 29 | — | +24.9% | — |
Frequently Asked Questions
Is MBWM below its 200-week moving average?
No. Mercantile Bank Corporation (MBWM) is currently 31.0% above its 200-week moving average of $37.13. It would need to fall to $37.13 to cross below the line.
What is MBWM's 200-week moving average price?
Mercantile Bank Corporation's 200-week moving average is $37.13 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when MBWM drops below its 200-week moving average?
MBWM has crossed below its 200-week moving average 10 times in our data. On average, buying at that moment produced a one-year return of +24.9%. These dips have historically been decent entry points. These episodes lasted 29 weeks on average.
Is MBWM a good value right now?
Here's what our data says about MBWM as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 48. Return on equity is 13.6%. Price-to-book is 1.1x. This is not a buy or sell recommendation — always do your own research.
How does MBWM compare to the S&P 500?
Over the past 25.8 years, $100 invested in MBWM would have grown to $1387, compared to $709 for the S&P 500. That's 10.7% annualized vs 7.9% for the index. MBWM has outperformed the broader market over this period.
Does MBWM pay a dividend?
Yes. Mercantile Bank Corporation currently pays a dividend yield of 321.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20