MBWM
Mercantile Bank Corporation Financial Services - Banks - Regional Investor Relations →
Mercantile Bank Corporation (MBWM) closed at $54.71 as of 2026-02-02, trading 49.0% above its 200-week moving average of $36.71. The stock moved further from the line this week, up from 42.1% last week. With a 14-week RSI of 87, MBWM is in overbought territory.
Over the past 1337 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 $940 million, MBWM is a small-cap stock. Return on equity stands at 13.6%. The stock trades at 1.3x book value.
Over the past 25.8 years, a hypothetical investment of $100 in MBWM would have grown to $1548, compared to $753 for the S&P 500. That represents an annualized return of 11.2% vs 8.2% 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 growing at a 16.2% compound annual rate, with 4 consecutive years of positive cash generation.
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% | +1448.1% |
| Dec 2000 | Jan 2001 | 2 | 3.8% | +54.0% | +1149.8% |
| Jan 2007 | Jan 2007 | 2 | 0.6% | -60.5% | +217.2% |
| Feb 2007 | Jan 2011 | 203 | 86.6% | -55.6% | +222.4% |
| Jan 2011 | Feb 2011 | 1 | 6.7% | +43.2% | +1031.6% |
| Feb 2011 | Feb 2011 | 1 | 3.2% | +54.8% | +1024.9% |
| Feb 2020 | Jan 2021 | 46 | 39.8% | +6.7% | +139.6% |
| Jan 2021 | Feb 2021 | 1 | 4.9% | +47.3% | +141.9% |
| Apr 2023 | Jun 2023 | 6 | 15.1% | +34.6% | +115.4% |
| Jun 2023 | Jul 2023 | 3 | 2.8% | +39.1% | +116.4% |
| Average | 29 | — | +24.9% | — |
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 Friday close, 2026-02-02