MBWM NASDAQ Week ended 24 Jul 2026

Weekly Investor Report

Mercantile Bank Corporation · Financial Services · Banks - Regional

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Latest close 58.50 USD
1.2% latest week
Weekly setup

Constructive, but selective

The weekly trend is active. Price is 11.9% above the Trend Line and sits at 89.8% of its 52-week range. The latest completed week returned 1.2%, after a 2.5% four-week move. The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is neither clearly cheap nor expensive. Options positioning is mixed with 32/100 conviction, while the latest news-sentiment score is 60/100. Near-term considerations: earnings are due in 82d.

Setup score 71 out of 100
Latest Close 58.50 USD 24 Jul 2026
1W Return 1.2% latest completed week
4W Return 2.5% short-term follow-through
12W Return 13.4% quarterly tape
Trend Breadth 84.6% 44 of 52 weeks active
Volume Ratio 1.4x vs 13-week average
What is working
  • The trend backdrop is active with a 33-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Price is above Fair Value, showing premium demand versus the model.
  • Activity pressure is positive on the latest completed week.
What could go wrong
  • 2 reversal markers appear in the recent smart-money tape.
What to watch next
  • Price is close to its 52-week high; watch for continuation or exhaustion.
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through 1.2% Latest completed week; four-week move 2.5%. Indicator stack 92/71 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. Options pressure Mixed 32/100 conviction; expected move 8.5%. News sentiment 60/100 52 relevant articles in the latest sentiment read. Event risk 82d Next report is scheduled for 20 Oct 2026; event risk rises as the date approaches.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is active. Price is 11.9% above the Trend Line and sits at 89.8% of its 52-week range. The latest completed week returned 1.2%, after a 2.5% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 1.4x the 13-week average. Participation is around or above normal and provides reasonable confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.9012-week average 0.70

12-week confirmation

Trend active12/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure7/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership5/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.90Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers22 reversal markers

No recent accumulation markers. 2 reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is 2.5% over four weeks, 13.4% over 12 weeks, and 26.5% over one year. The current trend has remained active for 33 consecutive weeks.

Performance by holding period

1W1.2%
4W2.5%
12W13.4%
26W16.2%
52W26.5%
Active trend streak33 weeks
Active weeks in one year44
Trend breadth84.6%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure1.11Latest activity-pressure read.
Pressure change13.6%Four-week change in activity pressure.
Leadership8.79Latest relative-leadership reading.
RS change242.4%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is neither clearly cheap nor expensive.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 31 Dec 2025 Field coverage 100% Model confidence 100%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength35/100Blend of value, momentum, and quality. Underlying universe rank 66; rank 1 is best.
Value37/100Relative valuation strength. Underlying universe rank 64; rank 1 is best.
Quality24/100Profitability and accounting quality. Underlying universe rank 77; rank 1 is best.
Momentum73/100Medium-term price momentum. Underlying universe rank 28; rank 1 is best.
Growth69/100Revenue and earnings growth. Underlying universe rank 32; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
10.6x
Price divided by trailing earnings.
Price / sales
2.6x
Market value relative to trailing revenue.
EV / EBITDA
14.0x
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
1.5%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
68.0%
Gross profit retained from each unit of revenue.
Operating margin
28.8%
Operating profit retained from revenue.
Free-cash-flow margin
6.4%
Free cash flow generated from revenue.
Return on invested capital
6.9%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
4.3%
Latest one-year revenue growth.
EPS growth
17.0%
Latest one-year earnings-per-share growth.
Free-cash-flow growth
-
Latest one-year free-cash-flow growth.
Piotroski F-score
5/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
2.6%
Cash dividends relative to market value.
Buyback yield
-0.1%
Net share repurchases relative to market value.
Shareholder yield
2.6%
Dividend yield plus net buyback yield.
Net debt / EBITDA
5.3x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Options positioningMixed

MBWM shows mixed options pressure with a 32/100 conviction score, put-call volume ratio of n/a, expected move of 8.5%, and Sharemaestro trend signal active.

Conviction32/100
Expected move8.5%
Put/call volume
Pressure11
Speculation0
Volatility56
Trend agreement83
Open options detail
Insider activity11 / 0

11 acquisitions and 0 disposals in the latest 180-day insider tape.

Acquisitions / disposals over the latest 180 days. Insider activity is context, not a stand-alone signal.
News sentiment60/100

Weighted news tone is neutral across 52 relevant articles.

25 positive · 24 neutral · 3 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings82dNext report is scheduled for 20 Oct 2026; event risk rises as the date approaches.
Options expected move8.5%Nearest-chain priced movement where available.
52-week drawdown-3.1%Distance below the 52-week high.
13-week volatility2.8%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher17 of 269 weeks finished lower.
Best week+6.2%Week of 26 Jun.
Worst week-5.7%Week of 24 Apr.
Latest week+1.2%Week of 24 Jul.

Shape of recent returns

Strong gains5
Modest gains12
Flat weeks0
Modest losses6
Sharp losses3
Recent vol2.8%13-week weekly-return volatility.
Base vol3.1%52-week weekly-return volatility.
Up/down split30/22Count of positive and negative weeks in the 52-week window.
Average skew2.6% / -2.3%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape73/100

Trend, activity pressure, participation, and risk combine to a 73/100 tape read.

 Indicator analysis66/100

Latest 12-week confirmation: trend 12/12, activity pressure 7/12, relative leadership 5/12.

Activity pressure 0.90; 2 reversal markers Factors40/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 71; Small Cap Core rank 65 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Options54/100

MBWM shows mixed options pressure with a 32/100 conviction score, put-call volume ratio of n/a, expected move of 8.5%, and Sharemaestro trend signal active.

Mixed · Options-market disagreement · Expected move 8.5% Sentiment60/100

Weighted news tone is neutral across 52 relevant articles.

MERCANTILE BANK CORP : RAYMOND JAMES RAISES TARGET PRICE TO $65 FROM $59 Insiders11 / 0

11 acquisitions and 0 disposals in the latest 180-day insider tape.

 Earnings82d

Next report is scheduled for 20 Oct 2026; event risk rises as the date approaches.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
24 Jul 202658.50 USD1.2%52.30 USD42.25 USD1.118.79880.4KOn
17 Jul 202657.80 USD1.4%51.95 USD42.08 USD1.155.86666.9KOn
10 Jul 202657.02 USD-1.4%51.65 USD41.91 USD1.070.06509.7KOn
3 Jul 202657.81 USD1.3%51.37 USD41.71 USD1.173.13451.6KOn
26 Jun 202657.09 USD6.2%50.98 USD41.50 USD0.972.57998.0KOn
19 Jun 202653.75 USD-2.6%50.57 USD41.30 USD0.56-7.81692.5KOn
12 Jun 202655.20 USD4.7%50.27 USD41.11 USD0.28-2.99796.8KOn
5 Jun 202652.74 USD0.3%49.91 USD40.93 USD-0.20-5.27619.0KOn
29 May 202652.60 USD1.5%49.62 USD40.76 USD-0.39-9.92580.7KOn
22 May 202651.82 USD4.7%49.30 USD40.59 USD-0.43-8.94561.6KOn
15 May 202649.50 USD-4.3%49.05 USD40.41 USD-0.44-12.17610.4KOn
8 May 202651.73 USD0.3%48.82 USD40.24 USD-0.17-8.85380.6KOn
1 May 202651.58 USD2.6%48.54 USD40.05 USD0.05-4.43573.4KOn
24 Apr 202650.25 USD-5.7%48.28 USD39.86 USD0.03-5.67584.0KOn
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.