NASDAQ:MCBC Macatawa Bank (MCBC) Stock Forecast, Price & News $9.03 -0.03 (-0.33%) (As of 11:08 AM ET) Add Compare Share Share Today's Range$9.01▼$9.0450-Day Range$9.01▼$10.1852-Week Range$6.96▼$11.84Volume2,695 shsAverage Volume54,069 shsMarket Capitalization$309.64 millionP/E Ratio7.00Dividend Yield3.54%Price Target$11.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Macatawa Bank MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside21.4% Upside$11.00 Price TargetShort InterestHealthy0.65% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth-4.00%From $1.25 to $1.20 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.15 out of 5 starsFinance Sector563rd out of 848 stocksState Commercial Banks Industry137th out of 175 stocks 2.5 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 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.00, Macatawa Bank has a forecasted upside of 21.4% from its current price of $9.06.Amount of Analyst CoverageMacatawa Bank has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.65% 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 3.1, 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 0.18%, indicating that investor sentiment is decreasing. Previous Next 3.3 Dividend Strength Dividend LeadershipMacatawa Bank is a leading dividend payer. It pays a dividend yield of 3.55%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMacatawa Bank does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Macatawa Bank is 24.81%. 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 26.67% 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 N/A News and Social Media Coverage 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 Institutions41.58% 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 1.3 Earnings and Valuation Earnings GrowthEarnings for Macatawa Bank are expected to decrease by -4.00% in the coming year, from $1.25 to $1.20 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Macatawa Bank is 7.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.31.Price to Earnings Ratio vs. SectorThe P/E ratio of Macatawa Bank is 7.02, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 80.58.Price to Book Value per Share RatioMacatawa Bank has a P/B Ratio of 1.26. 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 About Macatawa Bank (NASDAQ:MCBC) StockMacatawa 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, 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, trust, and brokerage services. In addition, it provides fraud protection; collection services; disbursement solutions; fund management; and investment and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. Macatawa Bank Corporation was incorporated in 1997 and is based in Holland, Michigan.Read More MCBC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MCBC Stock News HeadlinesSeptember 6, 2023 | finance.yahoo.comInvesting in Macatawa Bank (NASDAQ:MCBC) three years ago would have delivered you a 43% gainAugust 30, 2023 | seekingalpha.comBCB Bancorp, Macatawa Bank snag Buy ratings at JanneySeptember 26, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.August 30, 2023 | msn.comJanney Montgomery Scott Initiates Coverage of Macatawa Bank (MCBC) with Buy RecommendationAugust 9, 2023 | finance.yahoo.comMacatawa Bank Corporation (NASDAQ:MCBC) Looks Interesting, And It's About To Pay A DividendJuly 29, 2023 | forbes.comYes BankJuly 28, 2023 | benzinga.comMacatawa Bank Corporation Reports Second Quarter 2023 ResultsMay 5, 2023 | finance.yahoo.comWith EPS Growth And More, Macatawa Bank (NASDAQ:MCBC) Makes An Interesting CaseSeptember 26, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 4, 2023 | msn.comMacatawa Bank's Return On Capital Employed InsightsApril 28, 2023 | msn.comMacatawa Bank (MCBC) Declares $0.08 DividendApril 27, 2023 | finance.yahoo.comMacatawa Bank Corporation Reports First Quarter 2023 ResultsApril 27, 2023 | finance.yahoo.comMacatawa Bank Corporation Reports First Quarter 2023 ResultsApril 6, 2023 | finance.yahoo.comInstitutional investors own a significant stake of 42% in Macatawa Bank Corporation (NASDAQ:MCBC)March 15, 2023 | benzinga.comMacatawa Bank Stock (NASDAQ:MCBC), Guidance and ForecastFebruary 25, 2023 | seekingalpha.comMCBC Macatawa Bank CorporationJanuary 26, 2023 | finance.yahoo.comMacatawa Bank Corporation Reports Fourth Quarter and Full Year 2022 ResultsJanuary 26, 2023 | msn.comMacatawa Bank GAAP EPS of $0.35 beats by $0.02, revenue of $27.9M beats by $1.15MJanuary 22, 2023 | thestreet.comPower-One, Clarient: Early Volume PlaysNovember 28, 2022 | finance.yahoo.comMacatawa Bank Corporation (NASDAQ:MCBC) insider upped their holding by 13% earlier this yearNovember 12, 2022 | reuters.comMCBC.O - Macau Capital Investments Inc | Stock Price & Latest News | ReutersNovember 1, 2022 | finance.yahoo.comMacatawa Bank (NASDAQ:MCBC) Has Announced A Dividend Of $0.08October 27, 2022 | finance.yahoo.comMacatawa Bank Corporation Reports Third Quarter 2022 ResultsOctober 5, 2022 | nasdaq.comInstitutional investors own a significant stake of 41% in Macatawa Bank Corporation (NASDAQ:MCBC)September 12, 2022 | finance.yahoo.comInvestors in Macatawa Bank (NASDAQ:MCBC) have made a return of 26% over the past yearAugust 5, 2022 | msn.comLooking Into Macatawa Bank's Return On Capital EmployedAugust 2, 2022 | finance.yahoo.comMacatawa Bank (NASDAQ:MCBC) Is Due To Pay A Dividend Of $0.08See 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 MCBC Company Calendar Last Earnings7/27/2023Ex-Dividend for 8/30 Dividend8/14/2023Dividend Payable8/30/2023Today9/26/2023Next Earnings (Estimated)10/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:MCBC CUSIPN/A CIK1053584 Webwww.macatawabank.com Phone(616) 820-1444Fax616-494-7644Employees287Year Founded1997Price Target and Rating Average Stock Price Forecast$11.00 High Stock Price Forecast$11.00 Low Stock Price Forecast$11.00 Forecasted Upside/Downside+21.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$1.29 Trailing P/E Ratio7.02 Forward P/E Ratio7.25 P/E GrowthN/ANet Income$34.73 million Net Margins37.13% Pretax Margin46.23% Return on Equity17.65% Return on Assets1.62% Debt Debt-to-Equity Ratio0.11 Current Ratio0.70 Quick Ratio0.70 Sales & Book Value Annual Sales$94.93 million Price / Sales3.27 Cash Flow$1.06 per share Price / Cash Flow8.51 Book Value$7.21 per share Price / Book1.26Miscellaneous Outstanding Shares34,290,000Free Float31,342,000Market Cap$310.67 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. Ronald L. Haan (Age 69)Pres, CEO & Director Comp: $559.06kMr. Jon W. Swets (Age 58)Sr. VP, CFO & Sec. Comp: $384.52kMr. Craig A. Hankinson (Age 55)Chief Operating Officer Comp: $384.52kMr. Jeffrey A. TatreauSr. VP & CTOMs. Jodi L. SevignySr. VP & Chief Marketing OfficerLeslie D. LeegwaterVP & HR Mang.Ms. Jill A. Walcott (Age 56)Sr. VP & Chief Retail Banking Officer Mr. Jason M. BirchmeierSr. VP & Chief Credit OfficerMr. Erich J. VanRavenswaaySr. VP & Chief Wealth Management OfficerMr. Justin S. Van BeekSr. VP & Chief Risk OfficerMore ExecutivesKey CompetitorsMidWestOne Financial GroupNASDAQ:MOFGBank of Marin BancorpNASDAQ:BMRCRed River BancsharesNASDAQ:RRBIEnterprise BancorpNASDAQ:EBTCMid Penn BancorpNASDAQ:MPBView All CompetitorsInstitutional OwnershipBarclays PLCSold 7,859 shares on 9/21/2023Ownership: 0.122%Goldman Sachs Group Inc.Bought 16,568 shares on 8/15/2023Ownership: 0.418%Royal Bank of CanadaBought 1,520 shares on 8/15/2023Ownership: 0.092%Wells Fargo & Company MNBought 5,359 shares on 8/15/2023Ownership: 0.032%Lazard Asset Management LLCBought 3,120 shares on 8/15/2023Ownership: 0.009%View All Institutional Transactions MCBC Stock - Frequently Asked Questions Should I buy or sell Macatawa Bank stock right now? 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Macatawa Bank in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street 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 forecast for 2023? 1 brokerages have issued 1-year price targets for Macatawa Bank's stock. Their MCBC share price forecasts range from $11.00 to $11.00. On average, they anticipate the company's stock price to reach $11.00 in the next year. This suggests a possible upside of 21.4% from the stock's current price. View analysts price targets for MCBC or view top-rated stocks among Wall Street analysts. How have MCBC shares performed in 2023? Macatawa Bank's stock was trading at $11.03 on January 1st, 2023. Since then, MCBC shares have decreased by 17.9% and is now trading at $9.06. View the best growth stocks for 2023 here. When is Macatawa Bank's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023. View our MCBC earnings forecast. How were Macatawa Bank's earnings last quarter? Macatawa Bank Co. (NASDAQ:MCBC) issued its earnings results on Thursday, July, 27th. The financial services provider reported $0.30 EPS for the quarter. The financial services provider earned $25.76 million during the quarter. Macatawa Bank had a trailing twelve-month return on equity of 17.65% and a net margin of 37.13%. How often does Macatawa Bank pay dividends? What is the dividend yield for Macatawa Bank? Macatawa Bank announced a quarterly dividend on Thursday, July 20th. Investors of record on Tuesday, August 15th will be given a dividend of $0.08 per share on Wednesday, August 30th. This represents a $0.32 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Monday, August 14th. Read our dividend analysis for MCBC. Is Macatawa Bank a good dividend stock? Macatawa Bank (NASDAQ:MCBC) pays an annual dividend of $0.32 per share and currently has a dividend yield of 3.55%. The dividend payout ratio is 24.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCBC will have a dividend payout ratio of 26.67% 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), People's United Financial (PBCT), Public Storage (PSA), Huntington Bancshares (HBAN), International Business Machines (IBM), New York Community Bancorp (NYCB) and Pfizer (PFE). What is Macatawa Bank's stock symbol? Macatawa Bank trades on the NASDAQ under the ticker symbol "MCBC." Who are Macatawa Bank's major shareholders? Macatawa Bank's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (4.52%), Dimensional Fund Advisors LP (4.49%), Alliancebernstein L.P. (4.05%), Renaissance Technologies LLC (2.53%), State Street Corp (1.62%) and Geode Capital Management LLC (1.49%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Macatawa Bank's stock price today? One share of MCBC stock can currently be purchased for approximately $9.06. How much money does Macatawa Bank make? Macatawa Bank (NASDAQ:MCBC) has a market capitalization of $310.67 million and generates $94.93 million in revenue each year. The financial services provider earns $34.73 million in net income (profit) each year or $1.29 on an earnings per share basis. How many employees does Macatawa Bank have? The company employs 287 workers across the globe. How can I contact Macatawa Bank? Macatawa Bank's mailing address is 10753 MACATAWA DRIVE, HOLLAND MI, 49424. The official website for the company is www.macatawabank.com. The financial services provider can be reached via phone at (616) 820-1444, via email at jswets@macatawabank.com, or via fax at 616-494-7644. This page (NASDAQ:MCBC) was last updated on 9/26/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Macatawa Bank Co. 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