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NASDAQ:MCBC

Macatawa Bank (MCBC) Stock Price, News & Analysis

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About Macatawa Bank Stock (NASDAQ:MCBC)

Key Stats

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
Consensus Rating
Buy

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.

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MCBC Stock News Headlines

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MCBC Stock Analysis - Frequently Asked Questions

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

Macatawa Bank's top institutional investors include Equitec Proprietary Markets LLC.
View institutional ownership trends
.

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
11/02/2024
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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This page (NASDAQ:MCBC) was last updated on 11/2/2024 by MarketBeat.com Staff
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