Should I buy or sell Macatawa Bank stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Macatawa Bank in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MCBC shares. View MCBC analyst ratings or view top-rated stocks .

What is Macatawa Bank's stock price target for 2024?

2 equities research analysts have issued 1-year target prices for Macatawa Bank's shares. Their MCBC share price targets range from $11.00 to $12.50. On average, they expect the company's stock price to reach $11.75 in the next twelve months. This suggests that the stock has a possible downside of 15.2%. View analysts price targets for MCBC or view top-rated stocks among Wall Street analysts .

How have MCBC shares performed in 2024?

Macatawa Bank's stock was trading at $11.28 at the beginning of the year. Since then, MCBC shares have increased by 22.8% and is now trading at $13.85. View the best growth stocks for 2024 here .

Are investors shorting Macatawa Bank?

Macatawa Bank saw a drop in short interest in March. As of March 31st, there was short interest totaling 75,800 shares, a drop of 43.8% from the March 15th total of 134,800 shares. Based on an average daily volume of 62,900 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.3% of the company's stock are short sold. View Macatawa Bank's Short Interest .

When is Macatawa Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our MCBC earnings forecast .

How were Macatawa Bank's earnings last quarter?

Macatawa Bank Co. (NASDAQ:MCBC) posted its quarterly earnings results on Thursday, January, 25th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.04. The financial services provider earned $26.13 million during the quarter, compared to analyst estimates of $26.90 million. Macatawa Bank had a net margin of 32.68% and a trailing twelve-month return on equity of 15.99%.

How often does Macatawa Bank pay dividends? What is the dividend yield for Macatawa Bank?

Macatawa Bank declared a quarterly dividend on Thursday, January 18th. Stockholders of record on Tuesday, February 13th will be paid a dividend of $0.09 per share on Wednesday, February 28th. This represents a $0.36 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Monday, February 12th. Read our dividend analysis for MCBC .

Is Macatawa Bank a good dividend stock?

Macatawa Bank (NASDAQ:MCBC) pays an annual dividend of $0.36 per share and currently has a dividend yield of 2.63%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCBC will have a dividend payout ratio of 27.69% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MCBC .

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.

What other stocks do shareholders of Macatawa Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Macatawa Bank investors own include Mercantile Bank (MBWM) , Nokia Oyj (NOK) , AT&T (T) , Weatherford International (WFT) , Public Storage (PSA) , Huntington Bancshares (HBAN) , International Business Machines (IBM) , New York Community Bancorp (NYCB) and Pfizer (PFE) .

Who are Macatawa Bank's major shareholders?

Macatawa Bank's stock is owned by a variety of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.36%). View institutional ownership trends .

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 .

NASDAQ:MCBC

Macatawa Bank (MCBC) Stock Price, News & Analysis

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Free MCBC Stock Alerts

$13.85

+0.16 (+1.17%)

(As of 04/18/2024 ET)

Compare

Today's Range: $13.65
▼
$13.93
50-Day Range: $9.26
▼
$13.85
52-Week Range: $8.31
▼
$14.00

Volume: 423,653 shs
Average Volume: 111,738 shs
Market Capitalization: $475.89 million

P/E Ratio: 10.99
Dividend Yield: 2.60%
Price Target: $11.75

Get Macatawa Bank alerts:

Macatawa Bank MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 15.2% Downside
$11.75 Price Target
Short Interest: Healthy
0.29% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.35
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 3.17%
From $1.26 to $1.30 Per Share

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.

2.10 out of 5 stars

Finance Sector

623rd out of 822 stocks

State Commercial Banks Industry

149th out of 172 stocks

1.5

Analyst's Opinion

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.

5.0

Short Interest

Percentage of Shares Shorted
0.29% of the float of Macatawa Bank has been sold short.
Short Interest Ratio / Days to Cover
Macatawa Bank has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Macatawa Bank has recently decreased by 43.77%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Macatawa Bank pays a meaningful dividend of 2.63%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Macatawa Bank has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Macatawa Bank is 28.57%. 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 27.69% next year. This indicates that Macatawa Bank will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MCBC.

1.9

News and Social Media Coverage

News Sentiment
Macatawa Bank has a news sentiment score of 0.35. 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 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Macatawa Bank this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added Macatawa Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

0.8

Company Ownership

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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Macatawa Bank are expected to grow by 3.17% in the coming year, from $1.26 to $1.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Macatawa Bank is 10.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Macatawa Bank is 10.99, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.76.
Price to Book Value per Share Ratio
Macatawa Bank has a P/B Ratio of 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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 Price History

30 days | 90 days | 365 days | Advanced Chart

MCBC Stock News Headlines

April 18, 2024 | americanbankingnews.com

Macatawa Bank (NASDAQ:MCBC) Downgraded by StockNews.com to Sell

April 17, 2024 | businesswire.com

MACATAWA 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 - MCBC

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April 17, 2024 | finance.yahoo.com

Macatawa (MCBC) Moves 37.7% Higher: Will This Strength Last?

April 16, 2024 | msn.com

Greenidge Generation, Cipher Mining among financial movers

April 16, 2024 | prnewswire.com

Shareholder Alert: Ademi LLP investigates whether Macatawa Bank Corporation has obtained a Fair Price in its transaction with Wintrust

April 15, 2024 | msn.com

Macatawa Bank Stock Soars On Merger Agreement: What's Going On?

April 15, 2024 | businesswire.com

MCBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Macatawa Bank Corporation Is Fair to Shareholders

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April 11, 2024 | finance.yahoo.com

Macatawa Bank Corporation (NASDAQ:MCBC) is definitely on the radar of institutional investors who own 42% of the company

April 11, 2024 | americanbankingnews.com

Macatawa Bank Co. (NASDAQ:MCBC) Short Interest Update

April 11, 2024 | americanbankingnews.com

Macatawa Bank Co. (NASDAQ:MCBC) Sees Large Decline in Short Interest

March 29, 2024 | finance.yahoo.com

Macatawa Bank Corporation (MCBC)

February 24, 2024 | finance.yahoo.com

Those who invested in Macatawa Bank (NASDAQ:MCBC) five years ago are up 5.7%

February 15, 2024 | wsj.com

Macatawa Bank Corp.

January 31, 2024 | finance.yahoo.com

Macatawa Bank (MCBC) is a Top Dividend Stock Right Now: Should You Buy?

January 28, 2024 | finance.yahoo.com

The Macatawa Bank Corporation (NASDAQ:MCBC) Yearly Results Are Out And Analysts Have Published New Forecasts

January 25, 2024 | markets.businessinsider.com

Macatawa Bank Corporation Reports Fourth Quarter and Full Year 2023 Results

January 25, 2024 | finance.yahoo.com

Macatawa Bank Corp (MCBC) Reports Solid Full Year Growth Despite Q4 Challenges

December 26, 2023 | msn.com

Macatawa (MCBC) Is a Great Choice for 'Trend' Investors, Here's Why

December 5, 2023 | msn.com

Here's Why Momentum in Macatawa (MCBC) Should Keep going

November 29, 2023 | benzinga.com

Macatawa Bank Supports Customers through Tough Times, Supporting Shareholders through Changes

November 15, 2023 | morningstar.com

Macatawa Bank Corp MCBC

November 8, 2023 | finance.yahoo.com

Macatawa Bank Corporation (NASDAQ:MCBC) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

October 30, 2023 | finance.yahoo.com

Do Macatawa Bank's (NASDAQ:MCBC) Earnings Warrant Your Attention?

October 30, 2023 | finance.yahoo.com

The Macatawa Bank Corp (MCBC) Company: A Short SWOT Analysis

October 26, 2023 | finance.yahoo.com

Macatawa Bank Corporation Reports Third Quarter 2023 Results

See More Headlines

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Company Calendar

Last Earnings: 1/25/2024
Ex-Dividend for 2/28 Dividend: 2/12/2024
Dividend Payable: 2/28/2024
Today: 4/18/2024
Next Earnings (Estimated): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:MCBC
CUSIP: N/A
CIK: 1053584
Web: www.macatawabank.com
Phone: (616) 820-1444
Fax: 616-494-7644
Employees: 287
Year Founded: 1997

Price Target and Rating

Average Stock Price Target: $11.75
High Stock Price Target: $12.50
Low Stock Price Target: $11.00
Potential Upside/Downside: -15.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.26
Trailing P/E Ratio: 10.99
Forward P/E Ratio: 10.99
P/E Growth: N/A
Net Income: $43.22 million
Net Margins: 32.68%
Pretax Margin: 40.64%
Return on Equity: 15.99%
Return on Assets: 1.60%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 0.73
Quick Ratio: 0.73

Sales & Book Value

Annual Sales: $132.25 million
Price / Sales: 3.60
Cash Flow: $1.29 per share
Price / Cash Flow: 10.77
Book Value: $8.37 per share
Price / Book: 1.65

Miscellaneous

Outstanding Shares: 34,360,000
Free Float: 31,407,000
Market Cap: $475.89 million
Optionable: Optionable
Beta: 0.67

Social Links

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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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MCBC Stock Analysis - Frequently Asked Questions

Should I buy or sell Macatawa Bank stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Macatawa Bank in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MCBC shares.
View MCBC analyst ratings or view top-rated stocks.
What is Macatawa Bank's stock price target for 2024?: 2 equities research analysts have issued 1-year target prices for Macatawa Bank's shares. Their MCBC share price targets range from $11.00 to $12.50. On average, they expect the company's stock price to reach $11.75 in the next twelve months. This suggests that the stock has a possible downside of 15.2%.
View analysts price targets for MCBC or view top-rated stocks among Wall Street analysts.
How have MCBC shares performed in 2024?: Macatawa Bank's stock was trading at $11.28 at the beginning of the year. Since then, MCBC shares have increased by 22.8% and is now trading at $13.85.
View the best growth stocks for 2024 here.
Are investors shorting Macatawa Bank?: Macatawa Bank saw a drop in short interest in March. As of March 31st, there was short interest totaling 75,800 shares, a drop of 43.8% from the March 15th total of 134,800 shares. Based on an average daily volume of 62,900 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.3% of the company's stock are short sold.
View Macatawa Bank's Short Interest.
When is Macatawa Bank's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our MCBC earnings forecast.
How were Macatawa Bank's earnings last quarter?: Macatawa Bank Co. (NASDAQ:MCBC) posted its quarterly earnings results on Thursday, January, 25th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.04. The financial services provider earned $26.13 million during the quarter, compared to analyst estimates of $26.90 million. Macatawa Bank had a net margin of 32.68% and a trailing twelve-month return on equity of 15.99%.

How often does Macatawa Bank pay dividends? What is the dividend yield for Macatawa Bank?: Macatawa Bank declared a quarterly dividend on Thursday, January 18th. Stockholders of record on Tuesday, February 13th will be paid a dividend of $0.09 per share on Wednesday, February 28th. This represents a $0.36 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Monday, February 12th.
Read our dividend analysis for MCBC.
Is Macatawa Bank a good dividend stock?: Macatawa Bank (NASDAQ:MCBC) pays an annual dividend of $0.36 per share and currently has a dividend yield of 2.63%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCBC will have a dividend payout ratio of 27.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCBC.
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.
What other stocks do shareholders of Macatawa Bank own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Macatawa Bank investors own include Mercantile Bank (MBWM), Nokia Oyj (NOK), AT&T (T), Weatherford International (WFT), Public Storage (PSA), Huntington Bancshares (HBAN), International Business Machines (IBM), New York Community Bancorp (NYCB) and Pfizer (PFE).
Who are Macatawa Bank's major shareholders?: Macatawa Bank's stock is owned by a variety of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.36%).
View institutional ownership trends.
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.

This page (NASDAQ:MCBC) was last updated on 4/19/2024 by MarketBeat.com Staff

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Macatawa Bank (MCBC) Stock Price, News & Analysis

Macatawa Bank MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Macatawa Bank Stock (NASDAQ:MCBC)

MCBC Stock Price History

MCBC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

MCBC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™