MBWM
Mercantile Bank Corporation Financial Services - Banks - Regional Investor Relations →
Mercantile Bank Corporation (MBWM) closed at $51.96 as of 2026-05-01, trading 37.3% above its 200-week moving average of $37.85. The stock moved further from the line this week, up from 34.2% last week. The 14-week RSI sits at 53, indicating neutral momentum.
Trading volume is running at 1.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.92 ratio) is neutral — neither side is clearly dominating.
Over the past 1349 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 $898 million, MBWM is a small-cap stock. Return on equity stands at 13.7%. The stock trades at 1.2x book value.
Share count has increased 7.4% over three years, indicating dilution.
Over the past 25.9 years, a hypothetical investment of $100 in MBWM would have grown to $1481, compared to $785 for the S&P 500. That represents an annualized return of 11.0% vs 8.3% for the index — confirming MBWM as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -54.2% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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% | +1381.4% |
| Dec 2000 | Jan 2001 | 2 | 3.8% | +54.0% | +1095.9% |
| Jan 2007 | Jan 2007 | 2 | 0.6% | -60.5% | +203.6% |
| Feb 2007 | Jan 2011 | 203 | 86.6% | -55.6% | +208.5% |
| Jan 2011 | Feb 2011 | 1 | 6.7% | +43.2% | +982.9% |
| Feb 2011 | Feb 2011 | 1 | 3.2% | +54.8% | +976.4% |
| Feb 2020 | Jan 2021 | 46 | 39.8% | +6.7% | +129.3% |
| Jan 2021 | Feb 2021 | 1 | 4.9% | +47.3% | +131.5% |
| Apr 2023 | Jun 2023 | 6 | 15.1% | +34.6% | +106.1% |
| Jun 2023 | Jul 2023 | 3 | 2.8% | +39.1% | +107.1% |
| Average | 29 | — | +24.9% | — |
Frequently Asked Questions
Is MBWM below its 200-week moving average?
No. Mercantile Bank Corporation (MBWM) is currently 37.3% above its 200-week moving average of $37.85. It would need to fall to $37.85 to cross below the line.
What is MBWM's 200-week moving average price?
Mercantile Bank Corporation's 200-week moving average is $37.85 as of 2026-05-01. 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 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 53. Return on equity is 13.7%. Price-to-book is 1.2x. 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 25.9 years, $100 invested in MBWM would have grown to $1481, compared to $785 for the S&P 500. That's 11.0% annualized vs 8.3% 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 300.00%.
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 2026-05-01