Macatawa Bank Company Profile (NASDAQ:MCBC)

About Macatawa Bank (NASDAQ:MCBC)

Macatawa Bank logoMacatawa Bank Corporation is a bank holding company. The Company, through its subsidiary, Macatawa Bank (the Bank), offers a range of commercial and personal banking services, including checking, savings and certificates of deposit accounts, cash management, safe deposit boxes, trust services and commercial, mortgage and consumer loans. The Bank is a Michigan chartered bank with depository accounts insured by the Federal Deposit Insurance Corporation. Its other services include automated teller machines (ATMs), Internet banking, telephone banking and debit cards. The Bank provides various brokerage services, including discount brokerage through Infinex, personal financial planning and consultation regarding mutual funds. As of December 31, 2016, the Bank operated 26 full service branch offices providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Midwest Banks
  • Sub-Industry: N/A
  • Symbol: NASDAQ:MCBC
  • CUSIP: N/A
  • Web: www.macatawabank.com
Capitalization:
  • Market Cap: $317.04 million
  • Outstanding Shares: 33,944,000
Average Prices:
  • 50 Day Moving Avg: $9.72
  • 200 Day Moving Avg: $9.81
  • 52 Week Range: $6.53 - $10.67
P/E:
  • Trailing P/E Ratio: 18.72
  • Foreward P/E Ratio: 15.83
  • P/E Growth: 4.50
Sales & Book Value:
  • Annual Revenue: $68.83 million
  • Price / Sales: 4.61
  • Book Value: $4.89 per share
  • Price / Book: 1.91
Dividend:
  • Annual Dividend: $0.16
  • Dividend Yield: 1.7%
Profitability:
  • Net Margins: 22.29%
  • Return on Equity: 10.06%
  • Return on Assets: 0.96%
Debt:
  • Debt-to-Equity Ratio: 0.77%
  • Current Ratio: 0.94%
  • Quick Ratio: 0.94%
Misc:
  • Average Volume: 52,394 shs.
  • Beta: 1.13
  • Short Ratio: 6.64
 

Frequently Asked Questions for Macatawa Bank (NASDAQ:MCBC)

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, May 1st. Investors of record on Monday, May 15th will be given a dividend of $0.04 per share on Tuesday, May 30th. This represents a $0.16 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, May 11th. View Macatawa Bank's Dividend History.

How were Macatawa Bank's earnings last quarter?

Macatawa Bank Co. (NASDAQ:MCBC) posted its quarterly earnings data on Thursday, January, 26th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by $0.01. The business earned $17.15 million during the quarter. Macatawa Bank had a net margin of 22.29% and a return on equity of 10.06%. View Macatawa Bank's Earnings History.

Where is Macatawa Bank's stock going? Where will Macatawa Bank's stock price be in 2017?

2 analysts have issued 12 month target prices for Macatawa Bank's shares. Their predictions range from $7.75 to $10.00. On average, they anticipate Macatawa Bank's stock price to reach $8.88 in the next year. View Analyst Ratings for Macatawa Bank.

Who are some of Macatawa Bank's key competitors?

Who owns Macatawa Bank stock?

Macatawa Bank's stock is owned by a number of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (3.79%), Vanguard Group Inc. (2.86%), Renaissance Technologies LLC (2.62%), Well Done LLC (2.35%), O Shaughnessy Asset Management LLC (0.76%) and Elizabeth Park Capital Advisors Ltd. (0.74%). Company insiders that own Macatawa Bank stock include Mark Bugge and Roy Michael K Le. View Institutional Ownership Trends for Macatawa Bank.

Who sold Macatawa Bank stock? Who is selling Macatawa Bank stock?

Macatawa Bank's stock was sold by a variety of institutional investors in the last quarter, including EAM Investors LLC, Dimensional Fund Advisors LP, JPMorgan Chase & Co., Alliancebernstein L.P., Norris Perne & French LLP MI, First Trust Advisors LP, Elizabeth Park Capital Advisors Ltd. and O Shaughnessy Asset Management LLC. View Insider Buying and Selling for Macatawa Bank.

Who bought Macatawa Bank stock? Who is buying Macatawa Bank stock?

Macatawa Bank's stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Renaissance Technologies LLC, Geode Capital Management LLC, Bank of New York Mellon Corp, Oxford Asset Management, Goldman Sachs Group Inc., Morgan Stanley and Metropolitan Life Insurance Co. NY. Company insiders that have bought Macatawa Bank stock in the last two years include Mark Bugge and Roy Michael K Le. View Insider Buying and Selling for Macatawa Bank.

How do I buy Macatawa Bank stock?

Shares of Macatawa Bank can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Macatawa Bank stock cost?

One share of Macatawa Bank stock can currently be purchased for approximately $9.34.

Analyst Ratings

Consensus Ratings for Macatawa Bank (NASDAQ:MCBC) (?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $8.88 (4.98% downside)

Analysts' Ratings History for Macatawa Bank (NASDAQ:MCBC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/10/2017Keefe, Bruyette & WoodsSet Price TargetHold$10.00LowView Rating Details
5/25/2016Hovde GroupInitiated CoverageMarket Perform$7.75N/AView Rating Details
(Data available from 5/23/2015 forward)

Earnings

Earnings History for Macatawa Bank (NASDAQ:MCBC)
Earnings by Quarter for Macatawa Bank (NASDAQ:MCBC)
Earnings History by Quarter for Macatawa Bank (NASDAQ:MCBC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/26/2017Q4 2016$0.13$0.12$17.15 millionViewN/AView Earnings Details
10/27/2016Q3$0.12$0.14$16.98 millionViewN/AView Earnings Details
7/28/2016Q2$0.11$0.11$16.14 millionViewN/AView Earnings Details
4/28/2016Q1$0.09$0.10$16.35 millionViewN/AView Earnings Details
1/28/2016Q4$0.10$0.10$15.96 millionViewN/AView Earnings Details
10/22/2015Q315$0.09$0.09$15.61 millionViewN/AView Earnings Details
7/23/2015Q2$0.09$0.09$15.36 millionViewN/AView Earnings Details
4/23/2015Q1 2015$0.08$0.08$14.95 millionViewN/AView Earnings Details
1/29/2015Q4 2014$0.08$0.07$14.79 millionViewN/AView Earnings Details
10/23/2014Q3$0.08$0.08$14.61 millionViewN/AView Earnings Details
7/24/2014Q2 2014$0.08$0.08$14.22 millionViewN/AView Earnings Details
4/24/2014Q1 2014$0.06$0.08$13.99 millionViewN/AView Earnings Details
1/30/2014Q4$0.08($0.56)ViewN/AView Earnings Details
7/25/2013Q2 2013$0.08$0.10$14.56 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Macatawa Bank (NASDAQ:MCBC)
Current Year EPS Consensus Estimate: $0.54 EPS
Next Year EPS Consensus Estimate: $0.59 EPS

Dividends

Current Dividend Information for Macatawa Bank (NASDAQ:MCBC)
Next Dividend:5/30/2017
Annual Dividend:$0.16
Dividend Yield:1.71%
Payout Ratio:34.04% (Trailing 12 Months of Earnings)
29.63% (Based on This Year's Estimates)
27.12% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Macatawa Bank (NASDAQ:MCBC)

Dividend History by Quarter for Macatawa Bank (NASDAQ:MCBC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/1/2017quarterly$0.041.62%5/11/20175/15/20175/30/2017
1/30/2017Quarterly$0.041.59%2/9/20172/13/20172/28/2017
10/31/2016quarterly$0.031.48%11/9/201611/14/201611/29/2016
8/1/2016quarterly$0.031.57%8/11/20168/15/20168/30/2016
5/3/2016quarterly$0.031.75%5/11/20165/13/20165/27/2016
2/1/2016Quarterly$0.032/10/20162/12/20162/26/2016
10/27/2015quarterly$0.032.31%11/9/201511/12/201511/27/2015
7/28/2015quarterly$0.032.26%8/11/20158/13/20158/28/2015
4/27/2015$0.035/12/20155/14/20155/29/2015
2/3/2015quarterly$0.021.47%2/10/20152/12/20152/27/2015
10/27/2014quarterly$0.021.54%11/4/201411/6/201411/28/2014
7/28/2014quarterly$0.021.68%8/5/20148/7/20148/28/2014
4/28/2014quarterly$0.021.63%5/6/20145/8/20145/29/2014
2/24/2014quarterly$0.021.53%3/5/20143/7/20143/28/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Macatawa Bank (NASDAQ:MCBC)
Insider Ownership Percentage: 7.50%
Institutional Ownership Percentage: 26.83%
Insider Trades by Quarter for Macatawa Bank (NASDAQ:MCBC)
Institutional Ownership by Quarter for Macatawa Bank (NASDAQ:MCBC)
Insider Trades by Quarter for Macatawa Bank (NASDAQ:MCBC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/9/2016Mark BuggeDirectorBuy1,000$5.76$5,760.00View SEC Filing  
2/3/2016Roy Michael K LeDirectorBuy1,000$5.74$5,740.00View SEC Filing  
5/12/2015Ronald L HaanCEOBuy5,000$5.17$25,850.00View SEC Filing  
2/6/2015White Bay Capital, LllpMajor ShareholderBuy80,796$5.17$417,715.32View SEC Filing  
2/5/2015Richard L PostmaDirectorBuy33,177$5.48$181,809.96View SEC Filing  
11/13/2013Robert L HerrDirectorBuy1,000$5.10$5,100.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Macatawa Bank (NASDAQ:MCBC)
Latest Headlines for Macatawa Bank (NASDAQ:MCBC)
Source:
DateHeadline
finance.yahoo.com logoMacatawa Bank Corp. : MCBC-US: Dividend Analysis : May 15th, 2017 (record date) : By the numbers : May 11, 2017
finance.yahoo.com - May 11 at 6:57 PM
americanbankingnews.com logoMacatawa Bank (MCBC) Receives News Sentiment Rating of -0.04
www.americanbankingnews.com - May 4 at 3:22 PM
finance.yahoo.com logoETFs with exposure to Macatawa Bank Corp. : May 2, 2017
finance.yahoo.com - May 2 at 6:26 PM
americanbankingnews.com logoMacatawa Bank Co. to Issue Quarterly Dividend of $0.04 (MCBC)
www.americanbankingnews.com - May 1 at 8:48 PM
finance.yahoo.com logoMacatawa Bank Corporation Declares Quarterly Dividend
finance.yahoo.com - May 1 at 12:45 PM
finance.yahoo.com logoMacatawa Bank Corp. :MCBC-US: Earnings Analysis: Q1, 2017 By the Numbers : May 1, 2017
finance.yahoo.com - May 1 at 12:45 PM
americanbankingnews.com logoMacatawa Bank (MCBC) Receiving Somewhat Positive Press Coverage, Report Shows
www.americanbankingnews.com - April 28 at 10:26 PM
finance.yahoo.com logoMacatawa Bank Corporation Reports First Quarter 2017 Results
finance.yahoo.com - April 27 at 7:01 PM
marketbeat.com logoMacatawa posts 1Q profit
marketbeat.com - April 27 at 6:47 PM
finance.yahoo.com logoMacatawa Bank Corp. breached its 50 day moving average in a Bullish Manner : MCBC-US : April 25, 2017
finance.yahoo.com - April 25 at 10:15 AM
americanbankingnews.com logoMacatawa Bank (MCBC) Earns Media Sentiment Score of 0.50
www.americanbankingnews.com - April 20 at 2:00 PM
americanbankingnews.com logoVery Positive News Coverage Very Unlikely to Effect Macatawa Bank (MCBC) Stock Price
www.americanbankingnews.com - April 17 at 12:24 PM
americanbankingnews.com logoMacatawa Bank Co. (MCBC) Given a $10.00 Price Target by Keefe, Bruyette & Woods Analysts
www.americanbankingnews.com - April 14 at 10:02 AM
americanbankingnews.com logoKeefe, Bruyette & Woods Reiterates $10.00 Price Target for Macatawa Bank Co. (MCBC)
www.americanbankingnews.com - April 11 at 3:21 PM
finance.yahoo.com logoMACATAWA BANK CORP Financials
finance.yahoo.com - February 22 at 6:36 PM
us.rd.yahoo.com logo9:16 am Macatawa Bank Corporation appoints Craig A. Hankinson as Chief Operating Officer
us.rd.yahoo.com - February 2 at 12:17 AM
nasdaq.com logoMacatawa Bank Corporation Appoints Craig A. Hankinson as Chief Operating Officer
www.nasdaq.com - February 1 at 7:17 PM
streetinsider.com logoMacatawa Bank (MCBC) Names Craig A. Hankinson as COO
www.streetinsider.com - February 1 at 7:17 PM
finance.yahoo.com logo8:01 am Macatawa Bank raises dividend to $0.04/share from $0.03/share
finance.yahoo.com - January 30 at 7:09 PM
feeds.benzinga.com logoMacatawa Bank Corporation Increases Quarterly Dividend
feeds.benzinga.com - January 30 at 8:12 AM
us.rd.yahoo.com logoMacatawa Bank Corporation Reports Fourth Quarter and Full Year 2016 Results
us.rd.yahoo.com - January 26 at 8:26 PM
finance.yahoo.com logoCoverage initiated on Macatawa Bank Corporation by Hovde Group
finance.yahoo.com - May 25 at 7:09 AM
biz.yahoo.com logoMACATAWA BANK CORP Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
biz.yahoo.com - May 4 at 3:19 PM
biz.yahoo.com logoMACATAWA BANK CORP Files SEC form 10-K, Annual Report
biz.yahoo.com - February 18 at 4:36 PM
noodls.com logoMacatawa Bank Chooses Vantiv Merchant Services Solutions
us.rd.yahoo.com - January 14 at 11:02 AM
noodls.com logoConey Named Macatawa Bank Downtown Holland Branch Manager
us.rd.yahoo.com - January 14 at 11:02 AM
biz.yahoo.com logoMACATAWA BANK CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
us.rd.yahoo.com - January 14 at 11:02 AM
noodls.com logoMacatawa Bank Corporation Reports Second Quarter 2015 Results
us.rd.yahoo.com - January 14 at 11:02 AM

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Chart

Macatawa Bank (MCBC) Chart for Tuesday, May, 23, 2017

This page was last updated on 5/23/2017 by MarketBeat.com Staff