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NASDAQ:MCBC

Macatawa Bank (MCBC) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$14.82
$14.82
50-Day Range
$14.58
$14.95
52-Week Range
$8.31
$15.16
Volume
N/A
Average Volume
157,462 shs
Market Capitalization
$509.22 million
P/E Ratio
12.35
Dividend Yield
2.43%
Price Target
$13.75
MCBC stock logo

About Macatawa Bank Stock (NASDAQ:MCBC)

Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that engages in the provision of commercial and consumer banking and trust services. The company accepts various deposits, such as checking accounts, savings accounts, time deposits, regular and money market savings accounts, certificates of deposit, and demand deposits. Its loan products include commercial and industrial loans comprising loans to finance operations and equipment; commercial real estate loans, which consist of construction and development, multi-family, and other non-residential real estate loans; and residential mortgage loans, as well as consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. The company also offers ATM and debit card processing, cash management, and brokerage services. In addition, it provides asset management, personal trust, and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. The company was incorporated in 1997 and is based in Holland, Michigan.

MCBC Stock News Headlines

Elon Musk’s chilling warning for humanity
The 'invasion' I've discovered has nothing to do with the border crisis. What's happening at our southern border is a travesty, but the 'invasion' I've found will have 10 times greater effects on our economy, and ultimately our way of life.
Elon Musk’s chilling warning for humanity
The 'invasion' I've discovered has nothing to do with the border crisis. What's happening at our southern border is a travesty, but the 'invasion' I've found will have 10 times greater effects on our economy, and ultimately our way of life.
Macatawa: Q1 Earnings Snapshot
Macatawa Bank Corporation Declares Quarterly Dividend
Q1 2024 Wintrust Financial Corp Earnings Call
See More Headlines
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Company Calendar

Last Earnings
10/27/2021
Today
9/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Current Symbol
NASDAQ:MCBC
Employees
320
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$13.75
High Stock Price Target
$15.00
Low Stock Price Target
$12.50
Potential Upside/Downside
-7.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$43.22 million
Pretax Margin
37.94%

Debt

Sales & Book Value

Annual Sales
$132.25 million
Cash Flow
$1.27 per share
Book Value
$8.37 per share

Miscellaneous

Free Float
31,407,000
Market Cap
$509.22 million
Optionable
Optionable
Beta
0.54

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Key Executives

  • Mr. Jon W. Swets (Age 59)
    CEO, President, Secretary & Director
    Comp: $384.52k
  • Mr. Craig A. Hankinson (Age 56)
    Chief Operating Officer
    Comp: $384.52k
  • Mr. Ronald L. Haan (Age 70)
    Director
    Comp: $559.06k
  • Mr. Bryan L. Barker
    Senior VP & CFO
  • Mr. Jeffrey A. Tatreau
    Senior VP & CTO
  • Ms. Jodi L. Sevigny
    Senior VP & Chief Marketing Officer
  • Leslie D. Leegwater
    VP & Human Resources Manager
  • Ms. Jill A. Walcott (Age 57)
    Senior VP & Chief Retail Banking Officer
    Comp: $250.79k
  • Mr. Jason M. Birchmeier
    Senior VP & Chief Credit Officer
  • Mr. Justin S. Van Beek
    Senior VP & Chief Risk Officer

MCBC Stock Analysis - Frequently Asked Questions

How were Macatawa Bank's earnings last quarter?

Macatawa Bank Co. (NASDAQ:MCBC) released its earnings results on Wednesday, October, 27th. The financial services provider reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by $0.01. The financial services provider earned $19.94 million during the quarter. Macatawa Bank had a trailing twelve-month return on equity of 14.73% and a net margin of 30.56%.

Who are Macatawa Bank's major shareholders?

Macatawa Bank's top institutional investors include Dimensional Fund Advisors LP (4.53%), Renaissance Technologies LLC (2.56%), American Century Companies Inc. (1.28%) and Magnetar Financial LLC (1.26%).
View institutional ownership trends
.

What other stocks do shareholders of Macatawa Bank own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Macatawa Bank investors own include Mercantile Bank (MBWM), Nokia Oyj (NOK), AT&T (T), Weatherford International (WFT), Public Storage (PSA) and Huntington Bancshares (HBAN).

This page (NASDAQ:MCBC) was last updated on 9/16/2024 by MarketBeat.com Staff

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