NASDAQ:MCBC Macatawa Bank (MCBC) Stock Price, News & Analysis $14.58 -0.02 (-0.14%) (As of 07/5/2024 08:52 PM ET) Add Compare Share Share Today's Range$14.54▼$14.6250-Day Range$13.47▼$14.6352-Week Range$8.31▼$14.72Volume146,100 shsAverage Volume124,821 shsMarket Capitalization$500.97 millionP/E Ratio12.15Dividend Yield2.47%Price Target$12.83 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Macatawa Bank alerts: Email Address Macatawa Bank MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside12.0% Downside$12.83 Price TargetShort InterestHealthy0.67% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.52Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth5.04%From $1.19 to $1.25 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.67 out of 5 starsFinance Sector649th out of 822 stocksState Commercial Banks Industry157th out of 171 stocks 1.5 Analyst's Opinion Consensus RatingMacatawa Bank has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageMacatawa Bank has only been the subject of 1 research reports in the past 90 days.Read more about Macatawa Bank's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.67% of the float of Macatawa Bank has been sold short.Short Interest Ratio / Days to CoverMacatawa Bank has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Macatawa Bank has recently increased by 27.56%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldMacatawa Bank pays a meaningful dividend of 2.47%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMacatawa Bank does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Macatawa Bank is 30.00%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased 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.Read more about Macatawa Bank's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MCBC. Previous Next 2.5 News and Social Media Coverage News SentimentMacatawa Bank has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.91 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Macatawa Bank this week, compared to 1 article on an average week.MarketBeat Follows1 people have added Macatawa Bank to their MarketBeat watchlist in the last 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Macatawa Bank insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 8.60% of the stock of Macatawa Bank is held by insiders.Percentage Held by Institutions42.49% of the stock of Macatawa Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Macatawa Bank's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of Macatawa Bank is 12.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.93.Price to Earnings Ratio vs. SectorThe P/E ratio of Macatawa Bank is 12.15, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.57.Price to Book Value per Share RatioMacatawa Bank has a P/B Ratio of 1.74. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Macatawa Bank's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaThe #1 Crypto That You Don’t Own… YetArtificial Intelligence has revolutionized the way we consume media and entertainment… And the A.I. wave has also created MASSIVE opportunities for savvy investors. One recent move stands out above all others: recently surfaced investments from three major media companies.Click here for all the details… 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.Read More MCBC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MCBC Stock News HeadlinesJuly 7 at 1:20 AM | americanbankingnews.comMacatawa Bank (NASDAQ:MCBC) Now Covered by Analysts at StockNews.comJuly 2, 2024 | prnewswire.comMACATAWA BANK INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Macatawa Bank Corporation - MCBCJuly 8, 2024 | Crypto 101 Media (Ad)[Urgent] Hedge Funds Expect Major Crypto MovesIn the year following Bitcoin’s last Halving event, that happened in May of 2020… Bitcoin shot up over 550%. But that’s not all… July 2, 2024 | americanbankingnews.comMacatawa Bank Co. (NASDAQ:MCBC) Short Interest Up 27.6% in JuneJune 30, 2024 | americanbankingnews.comMacatawa Bank (NASDAQ:MCBC) Receives New Coverage from Analysts at StockNews.comMay 10, 2024 | businesswire.comMACATAWA BANK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Macatawa Bank Corporation - MCBCApril 30, 2024 | msn.comKeefe, Bruyette & Woods Upgrades Macatawa Bank (MCBC)April 26, 2024 | finance.yahoo.comMacatawa Bank Corp (MCBC) Q1 2024 Earnings: Misses Analyst Forecasts Amid Merger DevelopmentsJuly 8, 2024 | Crypto 101 Media (Ad)[Urgent] Hedge Funds Expect Major Crypto MovesIn the year following Bitcoin’s last Halving event, that happened in May of 2020… Bitcoin shot up over 550%. But that’s not all… April 26, 2024 | prnewswire.comSHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of Macatawa Bank Corp. - MCBCApril 26, 2024 | msn.comMacatawa Bank GAAP EPS of $0.29 misses by $0.01, revenue of $25.39M misses by $0.95MApril 25, 2024 | investorplace.comMCBC Stock Earnings: Macatawa Bank Misses EPS, Misses Revenue for Q1 2024April 25, 2024 | finance.yahoo.comMacatawa Bank Corporation Reports First Quarter 2024 ResultsApril 25, 2024 | sfgate.comMacatawa: Q1 Earnings SnapshotApril 25, 2024 | globenewswire.comMacatawa Bank Corporation Declares Quarterly DividendApril 25, 2024 | globenewswire.comMacatawa Bank Corporation Reports First Quarter 2024 ResultsApril 24, 2024 | stockhouse.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MCBC, AIRC, WIRE, MODNApril 19, 2024 | finance.yahoo.comQ1 2024 Wintrust Financial Corp Earnings CallSee More Headlines Receive MCBC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Macatawa Bank and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings4/25/2024Ex-Dividend for 5/30 Dividend5/10/2024Dividend Payable5/30/2024Today7/08/2024Next Earnings (Estimated)7/25/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryN/A Current SymbolNASDAQ:MCBC CUSIPN/A CIK1053584 Webwww.macatawabank.com Phone(616) 820-1444Fax616-494-7644Employees287Year Founded1997Price Target and Rating Average Stock Price Target$12.83 High Stock Price Target$15.00 Low Stock Price Target$11.00 Potential Upside/Downside-12.0%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$1.20 Trailing P/E Ratio12.15 Forward P/E Ratio12.25 P/E GrowthN/ANet Income$43.22 million Net Margins30.56% Pretax Margin37.94% Return on Equity14.73% Return on Assets1.53% Debt Debt-to-Equity Ratio0.07 Current Ratio0.74 Quick Ratio0.74 Sales & Book Value Annual Sales$132.25 million Price / Sales3.79 Cash Flow$1.27 per share Price / Cash Flow11.48 Book Value$8.37 per share Price / Book1.74Miscellaneous Outstanding Shares34,360,000Free Float31,407,000Market Cap$500.97 million OptionableOptionable Beta0.54 Social Links Reduce the RiskMarket downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.Get This Free Report Key ExecutivesMr. Jon W. Swets (Age 59)CEO, President, Secretary & Director Comp: $384.52kMr. Craig A. Hankinson (Age 56)Chief Operating Officer Comp: $384.52kMr. Ronald L. Haan (Age 70)Director Comp: $559.06kMr. Bryan L. BarkerSenior VP & CFOMr. Jeffrey A. TatreauSenior VP & CTOMs. Jodi L. SevignySenior VP & Chief Marketing OfficerLeslie D. LeegwaterVP & Human Resources ManagerMs. Jill A. Walcott (Age 57)Senior VP & Chief Retail Banking Officer Comp: $250.79kMr. Jason M. BirchmeierSenior VP & Chief Credit OfficerMr. Justin S. Van BeekSenior VP & Chief Risk OfficerMore ExecutivesKey CompetitorsMetropolitan BankNYSE:MCBSpirit of Texas BancsharesNASDAQ:STXBCapStar FinancialNASDAQ:CSTRSummit Financial GroupNASDAQ:SMMFCitizens & NorthernNASDAQ:CZNCView All CompetitorsInstitutional OwnershipCalifornia State Teachers Retirement SystemSold 1,686 shares on 5/16/2024Ownership: 0.008%Keeley Teton Advisors LLCSold 7,901 shares on 5/15/2024Ownership: 0.890%Price T Rowe Associates Inc. MDSold 1,569 shares on 5/15/2024Ownership: 0.175%Quadrature Capital LtdBought 14,760 shares on 5/15/2024Ownership: 0.043%EntryPoint Capital LLCBought 10,289 shares on 5/14/2024Ownership: 0.043%View All Institutional Transactions MCBC Stock Analysis - Frequently Asked Questions How have MCBC shares performed this year? Macatawa Bank's stock was trading at $11.28 at the beginning of the year. Since then, MCBC stock has increased by 29.3% and is now trading at $14.58. View the best growth stocks for 2024 here. How were Macatawa Bank's earnings last quarter? Macatawa Bank Co. (NASDAQ:MCBC) announced its earnings results on Thursday, April, 25th. The financial services provider reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.30 by $0.01. The financial services provider earned $25.39 million during the quarter, compared to analyst estimates of $26.10 million. Macatawa Bank had a trailing twelve-month return on equity of 14.73% and a net margin of 30.56%. What is Ronald L. Haan's approval rating as Macatawa Bank's CEO? 9 employees have rated Macatawa Bank Chief Executive Officer Ronald L. Haan on Glassdoor.com. Ronald L. Haan has an approval rating of 74% among the company's employees. How do I buy shares of Macatawa Bank? Shares of MCBC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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 7/8/2024 by MarketBeat.com Staff From Our PartnersWrite this ticker symbol down…A megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made...StocksToTrade | SponsoredOperation Replace Biden is a GoLast night’s debate proved me right: Joe Biden will be replaced. 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