NASDAQ:MCBC Macatawa Bank (MCBC) Stock Price, News & Analysis → Global crypto currency reset (41 major banks signed up) (From Stansberry Research) (Ad) Free MCBC Stock Alerts $14.26 +0.13 (+0.92%) (As of 04/22/2024 ET) Add Compare Share Share Today's Range$14.15▼$14.3550-Day Range$9.26▼$14.2652-Week Range$8.31▼$14.35Volume331,184 shsAverage Volume254,803 shsMarket Capitalization$489.97 millionP/E Ratio11.32Dividend Yield2.52%Price Target$11.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Macatawa Bank alerts: Email Address Macatawa Bank MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside17.6% Downside$11.75 Price TargetShort InterestHealthy0.29% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.10Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth3.17%From $1.26 to $1.30 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.2.13 out of 5 starsFinance Sector630th out of 846 stocksState Commercial Banks Industry149th out of 176 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 2 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageMacatawa Bank has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.29% 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 1.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Macatawa Bank has recently decreased by 43.77%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldMacatawa Bank pays a meaningful dividend of 2.55%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMacatawa Bank has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Macatawa Bank is 28.57%. 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 27.69% next year. This indicates that Macatawa Bank will be able to sustain or increase its 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 1.7 News and Social Media Coverage News SentimentMacatawa Bank has a news sentiment score of 0.10. 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 0.53 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Macatawa Bank this week, compared to 1 article on an average week.MarketBeat FollowsOnly 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. 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of Macatawa Bank is 11.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.63.Price to Earnings Ratio vs. SectorThe P/E ratio of Macatawa Bank is 11.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.11.Price to Book Value per Share RatioMacatawa Bank has a P/B Ratio of 1.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Traders Agencytop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.Click here now for the full details of this stock that’s set to rocket in the AI revolution… 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 HeadlinesApril 19, 2024 | finance.yahoo.comQ1 2024 Wintrust Financial Corp Earnings CallApril 18, 2024 | americanbankingnews.comMacatawa Bank (NASDAQ:MCBC) Downgraded by StockNews.com to SellApril 23, 2024 | Traders Agency (Ad)top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.April 17, 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 17, 2024 | finance.yahoo.comMacatawa (MCBC) Moves 37.7% Higher: Will This Strength Last?April 16, 2024 | msn.comGreenidge Generation, Cipher Mining among financial moversApril 16, 2024 | prnewswire.comShareholder Alert: Ademi LLP investigates whether Macatawa Bank Corporation has obtained a Fair Price in its transaction with WintrustApril 15, 2024 | msn.comMacatawa Bank Stock Soars On Merger Agreement: What's Going On?April 23, 2024 | Traders Agency (Ad)top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.April 15, 2024 | businesswire.comMCBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Macatawa Bank Corporation Is Fair to ShareholdersApril 11, 2024 | finance.yahoo.comMacatawa Bank Corporation (NASDAQ:MCBC) is definitely on the radar of institutional investors who own 42% of the companyMarch 29, 2024 | finance.yahoo.comMacatawa Bank Corporation (MCBC)February 24, 2024 | finance.yahoo.comThose who invested in Macatawa Bank (NASDAQ:MCBC) five years ago are up 5.7%February 15, 2024 | wsj.comMacatawa Bank Corp.January 31, 2024 | finance.yahoo.comMacatawa Bank (MCBC) is a Top Dividend Stock Right Now: Should You Buy?January 28, 2024 | finance.yahoo.comThe Macatawa Bank Corporation (NASDAQ:MCBC) Yearly Results Are Out And Analysts Have Published New ForecastsJanuary 25, 2024 | markets.businessinsider.comMacatawa Bank Corporation Reports Fourth Quarter and Full Year 2023 ResultsJanuary 25, 2024 | finance.yahoo.comMacatawa Bank Corp (MCBC) Reports Solid Full Year Growth Despite Q4 ChallengesDecember 26, 2023 | msn.comMacatawa (MCBC) Is a Great Choice for 'Trend' Investors, Here's WhyDecember 5, 2023 | msn.comHere's Why Momentum in Macatawa (MCBC) Should Keep goingNovember 29, 2023 | benzinga.comMacatawa Bank Supports Customers through Tough Times, Supporting Shareholders through ChangesNovember 15, 2023 | morningstar.comMacatawa Bank Corp MCBCNovember 8, 2023 | finance.yahoo.comMacatawa Bank Corporation (NASDAQ:MCBC) Looks Like A Good Stock, And It's Going Ex-Dividend SoonOctober 30, 2023 | finance.yahoo.comDo Macatawa Bank's (NASDAQ:MCBC) Earnings Warrant Your Attention?October 30, 2023 | finance.yahoo.comThe Macatawa Bank Corp (MCBC) Company: A Short SWOT AnalysisOctober 26, 2023 | finance.yahoo.comMacatawa Bank Corporation Reports Third Quarter 2023 ResultsOctober 26, 2023 | msn.comMacatawa Bank raises quarterly dividend by 12.5% to $0.09/shareSee 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 Earnings1/25/2024Ex-Dividend for 2/28 Dividend2/12/2024Dividend Payable2/28/2024Today4/23/2024Next Earnings (Estimated)4/25/2024Fiscal 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$11.75 High Stock Price Target$12.50 Low Stock Price Target$11.00 Potential Upside/Downside-17.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.26 Trailing P/E Ratio11.32 Forward P/E Ratio11.32 P/E GrowthN/ANet Income$43.22 million Net Margins32.68% Pretax Margin40.64% Return on Equity15.99% Return on Assets1.60% Debt Debt-to-Equity Ratio0.10 Current Ratio0.73 Quick Ratio0.73 Sales & Book Value Annual Sales$132.25 million Price / Sales3.70 Cash Flow$1.28 per share Price / Cash Flow11.13 Book Value$8.37 per share Price / Book1.70Miscellaneous Outstanding Shares34,360,000Free Float31,407,000Market Cap$489.97 million OptionableOptionable Beta0.67 Social Links 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.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 CompetitorsLuther BurbankNASDAQ:LBCCambridge BancorpNASDAQ:CATCHeritage CommerceNASDAQ:HTBKIndependent BankNASDAQ:IBCPEquity BancsharesNASDAQ:EQBKView All CompetitorsInstitutional OwnershipRaymond James Financial Services Advisors Inc.Bought 11,618 shares on 4/23/2024Ownership: 0.376%Sapient Capital LLCSold 6,931 shares on 4/23/2024Ownership: 0.040%Drive Wealth Management LLCBought 850 shares on 4/22/2024Ownership: 0.037%Los Angeles Capital Management LLCBought 3,740 shares on 4/5/2024Ownership: 0.357%Voisard Asset Management Group Inc.Bought 9,967 shares on 2/20/2024Ownership: 0.029%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 twelve months. 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 Wall Street analysts have issued 12 month target prices for Macatawa Bank's stock. Their MCBC share price targets range from $11.00 to $12.50. On average, they anticipate the company's share price to reach $11.75 in the next year. This suggests that the stock has a possible downside of 17.6%. 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 start of the year. Since then, MCBC stock has increased by 26.4% and is now trading at $14.26. 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 presently 1.2 days. Currently, 0.3% of the shares of the company are sold short. 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) announced its quarterly earnings data on Thursday, January, 25th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by $0.04. The financial services provider had revenue of $26.13 million for the quarter, compared to analysts' expectations of $26.90 million. Macatawa Bank had a trailing twelve-month return on equity of 15.99% and a net margin of 32.68%. 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. Shareholders of record on Tuesday, February 13th will be given a dividend of $0.09 per share on Wednesday, February 28th. This represents a $0.36 annualized dividend and a dividend yield of 2.52%. 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 2.55%. 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 Raymond James Financial Services Advisors Inc. (0.38%), Los Angeles Capital Management LLC (0.36%), Sapient Capital LLC (0.04%) and Drive Wealth Management LLC (0.04%). 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. 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