NASDAQ:MCBC - Macatawa Bank Stock Price, News, & Analysis

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$10.37 +0.22 (+2.17 %)
(As of 02/15/2019 04:00 PM ET)
Previous Close$10.37
Today's Range$10.09 - $10.50
52-Week Range$8.81 - $12.92
Volume28,489 shs
Average Volume25,897 shs
Market Capitalization$352.73 million
P/E Ratio13.29
Dividend Yield2.76%
Beta0.55
Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that provides 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, and multi-family and other non-residential real estate loans; retail loans, such as residential mortgage loans; and 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 trust and brokerage services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities through 26 branch offices, as well as a lending and operation service facility in Kent County, Ottawa County, and northern Allegan County, Michigan. Macatawa Bank Corporation was founded in 1997 and is headquartered in Holland, Michigan.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:MCBC
CUSIPN/A
Phone616-820-1444

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$86.54 million
Cash Flow$0.6258 per share
Book Value$5.10 per share

Profitability

Net Income$26.38 million

Miscellaneous

Employees368
Market Cap$352.73 million
OptionableOptionable

Macatawa Bank (NASDAQ:MCBC) Frequently Asked Questions

What is Macatawa Bank's stock symbol?

Macatawa Bank trades on the NASDAQ under the ticker symbol "MCBC."

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

Macatawa Bank declared a quarterly dividend on Monday, January 28th. Shareholders of record on Tuesday, February 12th will be given a dividend of $0.07 per share on Wednesday, February 27th. This represents a $0.28 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Monday, February 11th. View Macatawa Bank's Dividend History.

How were Macatawa Bank's earnings last quarter?

Macatawa Bank Co. (NASDAQ:MCBC) announced its earnings results on Thursday, January, 24th. The financial services provider reported $0.21 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.01. The financial services provider had revenue of $20.03 million for the quarter, compared to analyst estimates of $19.70 million. Macatawa Bank had a net margin of 30.48% and a return on equity of 14.68%. View Macatawa Bank's Earnings History.

When is Macatawa Bank's next earnings date?

Macatawa Bank is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Macatawa Bank.

What price target have analysts set for MCBC?

3 brokers have issued 12 month price targets for Macatawa Bank's stock. Their predictions range from $13.00 to $36.00. On average, they anticipate Macatawa Bank's share price to reach $20.6667 in the next year. This suggests a possible upside of 99.3% from the stock's current price. View Analyst Price Targets for Macatawa Bank.

What is the consensus analysts' recommendation for Macatawa Bank?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macatawa Bank in the last year. There are currently 2 hold ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Macatawa Bank.

Has Macatawa Bank been receiving favorable news coverage?

Headlines about MCBC stock have been trending neutral recently, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Macatawa Bank earned a coverage optimism score of 0.2 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an effect on the stock's share price in the near future.

Who are some of Macatawa Bank's key competitors?

Who are Macatawa Bank's key executives?

Macatawa Bank's management team includes the folowing people:
  • Mr. Ronald L. Haan, Pres, CEO & Director (Age 64)
  • Mr. Jon W. Swets, Sr. VP, CFO & Sec. (Age 53)
  • Mr. Craig A. Hankinson, Chief Operating Officer (Age 50)
  • Ms. Jill A. Walcott, Sr. VP (Age 51)
  • Mr. Matthew D. Hoeksema, Sr. VP (Age 46)

Who are Macatawa Bank's major shareholders?

Macatawa Bank's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.60%), BlackRock Inc. (4.26%), Claybrook Capital LLC (2.01%), Banc Funds Co. LLC (1.15%), Northern Trust Corp (0.88%) and Geode Capital Management LLC (0.67%). Company insiders that own Macatawa Bank stock include Jill A Walcott, Matthew D Hoeksema and Robert L Herr. View Institutional Ownership Trends for Macatawa Bank.

Which institutional investors are selling Macatawa Bank stock?

MCBC stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, Millennium Management LLC, MetLife Investment Advisors LLC, Stone Ridge Asset Management LLC, Raymond James & Associates, Two Sigma Advisers LP and Northern Trust Corp. View Insider Buying and Selling for Macatawa Bank.

Which institutional investors are buying Macatawa Bank stock?

MCBC stock was purchased by a variety of institutional investors in the last quarter, including Claybrook Capital LLC, Dimensional Fund Advisors LP, Acadian Asset Management LLC, Two Sigma Investments LP, Advisor Group Inc., Geode Capital Management LLC, BlackRock Inc. and Rhumbline Advisers. Company insiders that have bought Macatawa Bank stock in the last two years include Matthew D Hoeksema and Robert L Herr. View Insider Buying and Selling for Macatawa Bank.

How do I buy shares of Macatawa Bank?

Shares of MCBC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Macatawa Bank's stock price today?

One share of MCBC stock can currently be purchased for approximately $10.37.

How big of a company is Macatawa Bank?

Macatawa Bank has a market capitalization of $352.73 million and generates $86.54 million in revenue each year. The financial services provider earns $26.38 million in net income (profit) each year or $0.78 on an earnings per share basis. Macatawa Bank employs 368 workers across the globe.

What is Macatawa Bank's official website?

The official website for Macatawa Bank is http://www.macatawabank.com.

How can I contact Macatawa Bank?

Macatawa Bank's mailing address is 10753 MACATAWA DRIVE, HOLLAND MI, 49424. The financial services provider can be reached via phone at 616-820-1444 or via email at [email protected]


MarketBeat Community Rating for Macatawa Bank (NASDAQ MCBC)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  124 (Vote Outperform)
Underperform Votes:  173 (Vote Underperform)
Total Votes:  297
MarketBeat's community ratings are surveys of what our community members think about Macatawa Bank and other stocks. Vote "Outperform" if you believe MCBC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MCBC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/16/2019 by MarketBeat.com Staff

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