Macatawa Bank (MCBC) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $14.82 to $14.82
• 50-Day Range: $14.58 to $14.95
• 52-Week Range: $8.31 to $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
• Consensus Rating: Buy

MCBC Stock Analysis - Frequently Asked Questions

How were Macatawa Bank's earnings last quarter?

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

Who are Macatawa Bank's major shareholders?

Top institutional investors of Macatawa Bank include Wolverine Trading LLC and Equitec Proprietary Markets LLC.
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 NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Netflix (NFLX), Palo Alto Networks (PANW) and Invesco QQQ (QQQ).

Company Calendar

• Last Earnings: 10/27/2021
• Today: 12/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:MCBC
• CUSIP: N/A
• CIK: 1053584
• Web: www.macatawabank.com
• Phone: (616) 820-1444
• Fax: 616-494-7644
• 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

• EPS (Most Recent Fiscal Year): $1.20
• Trailing P/E Ratio: 12.35
• Forward P/E Ratio: 12.45
• P/E Growth: N/A
• Net Income: $43.22 million
• Net Margins: 30.56%
• Pretax Margin: 37.94%
• Return on Equity: 14.73%
• Return on Assets: 1.53%

Debt

• Debt-to-Equity Ratio: 0.07
• Current Ratio: 0.74
• Quick Ratio: 0.74

Sales & Book Value

• Annual Sales: $132.25 million
• Price / Sales: 3.85
• Cash Flow: $1.27 per share
• Price / Cash Flow: 11.67
• Book Value: $8.37 per share
• Price / Book: 1.77

Miscellaneous

• Outstanding Shares: 34,360,000
• Free Float: 31,407,000
• Market Cap: $509.22 million
• Optionable: Optionable
• Beta: 0.54