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

Macatawa Bank Stock Analysis - MarketRank™

Macatawa Bank scored higher than 22% of companies evaluated by MarketBeat, and ranked 895th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Macatawa Bank has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Macatawa Bank has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.04%

Earnings Growth

Earnings for Macatawa Bank are expected to grow by 5.04% in the coming year, from $1.19 to $1.25 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Macatawa Bank is 12.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of Macatawa Bank is 12.35, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 25.81.

Price to Book Value per Share Ratio

Macatawa Bank has a P/B Ratio of 1.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for MCBC.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Macatawa Bank pays a meaningful dividend of 2.43%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Macatawa Bank does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Macatawa Bank is 30.00%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Macatawa Bank will have a dividend payout ratio of 28.80% next year. This indicates that Macatawa Bank will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for MCBC.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Macatawa Bank this week, compared to 1 article on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Macatawa Bank insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 8.60% of the stock of Macatawa Bank is held by insiders.

Percentage Held by Institutions

42.49% of the stock of Macatawa Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MCBC Stock Analysis - Frequently Asked Questions

How were Macatawa Bank's earnings last quarter?

Macatawa Bank Co. (NASDAQ:MCBC) issued its earnings results on Wednesday, October, 27th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.01. The financial services provider had revenue of $19.94 million for 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?

Top institutional shareholders 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: 11/17/2024
• 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