NASDAQ:MCBC Macatawa Bank (MCBC) Stock Price, News & Analysis → My next big prediction isn’t a prediction (From Porter & Company) (Ad) Free MCBC Stock Alerts $9.31 -0.04 (-0.43%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$9.31▼$9.4650-Day Range$9.31▼$11.3152-Week Range$8.31▼$11.91Volume65,246 shsAverage Volume67,335 shsMarket Capitalization$319.89 millionP/E Ratio7.39Dividend Yield3.87%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/Downside26.2% Upside$11.75 Price TargetShort InterestHealthy0.51% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.22Based on 2 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.3.90 out of 5 starsFinance Sector483rd out of 881 stocksState Commercial Banks Industry112th out of 180 stocks 3.5 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.75, Macatawa Bank has a forecasted upside of 26.2% from its current price of $9.31.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 Shorted0.51% 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 1.8, 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 25.50%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipMacatawa Bank is a leading dividend payer. It pays a dividend yield of 3.78%, putting its dividend yield in the top 25% of dividend-paying stocks.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 2.9 News and Social Media Coverage News SentimentMacatawa Bank has a news sentiment score of 0.22. 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 0.62 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Macatawa Bank this week, compared to 1 article on an average week.Search Interest1 people have searched for MCBC on MarketBeat in the last 30 days. MarketBeat Follows4 people have added Macatawa Bank to their MarketBeat watchlist in the last 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 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 1.9 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 7.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 156.32.Price to Earnings Ratio vs. SectorThe P/E ratio of Macatawa Bank is 7.39, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 62.57.Price to Book Value per Share RatioMacatawa Bank has a P/B Ratio of 1.11. 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 InvestorPlaceThey said crypto was dead. It went up 100X.Bitcoin’s haters are out again. Despite the price doubling in the last six months alone… That hasn’t stopped the experts from piling on. Warren Buffett’s right-hand man Charlie Munger called crypto investors “idiots” in one of his last interviews. JPMorgan CEO Jamie Dimon, recently called Bitcoin a “pet rock” and “a hyped-up fraud.” But when it comes to cryptos, these are exactly the people you shouldn’t listen to. They’ve predicted crypto’s demise for years.There are five coins you must take a look at right away. 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 HeadlinesMarch 16, 2024 | americanbankingnews.comComparing Macatawa Bank (NASDAQ:MCBC) & Hilltop (NYSE:HTH)March 12, 2024 | americanbankingnews.comMacatawa Bank (NASDAQ:MCBC) vs. Summit Financial Group (NASDAQ:SMMF) Financial ComparisonMarch 19, 2024 | InvestorPlace (Ad)They said crypto was dead. It went up 100X.Bitcoin’s haters are out again. Despite the price doubling in the last six months alone… That hasn’t stopped the experts from piling on. Warren Buffett’s right-hand man Charlie Munger called crypto investors “idiots” in one of his last interviews. JPMorgan CEO Jamie Dimon, recently called Bitcoin a “pet rock” and “a hyped-up fraud.” But when it comes to cryptos, these are exactly the people you shouldn’t listen to. They’ve predicted crypto’s demise for years.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 ResultsMarch 19, 2024 | Paradigm Press (Ad)8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)THIS cryptocurrency has gained 40% in 6 months. A crypto millionaire who has researched the space for a decade says it will go up 8,788% in 5 years. The name of this cryptocurrency is revealed right here: January 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/shareOctober 26, 2023 | finance.yahoo.comMacatawa Bank Corp (MCBC) Reports Q3 2023 EarningsOctober 24, 2023 | nasdaq.comFirst Financial Corp. (THFF) Surpasses Q3 Earnings and Revenue EstimatesOctober 19, 2023 | msn.comMacatawa Bank CEO to retireOctober 19, 2023 | finance.yahoo.comMacatawa Bank Corp. and Macatawa Bank Announce Leadership TransitionOctober 3, 2023 | finance.yahoo.comMacatawa Bank Corporation (NASDAQ:MCBC) has caught the attention of institutional investors who hold a sizeable 42% stakeSeptember 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 JanneyAugust 30, 2023 | msn.comJanney Montgomery Scott Initiates Coverage of Macatawa Bank (MCBC) with Buy RecommendationSee 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 Payable2/28/2024Today3/18/2024Next 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+26.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.26 Trailing P/E Ratio7.39 Forward P/E Ratio7.39 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 / Sales2.42 Cash Flow$1.24 per share Price / Cash Flow7.51 Book Value$8.37 per share Price / Book1.11Miscellaneous Outstanding Shares34,360,000Free Float31,407,000Market Cap$319.89 million OptionableOptionable Beta0.67 Social Links 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?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. 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 OfficerSusan Vogel-VandersonSenior VP & Chief Wealth Management OfficerMore ExecutivesKey CompetitorsMid Penn BancorpNASDAQ:MPBRBB BancorpNASDAQ:RBBRed River BancsharesNASDAQ:RRBIBridgewater BancsharesNASDAQ:BWBMidWestOne Financial GroupNASDAQ:MOFGView All CompetitorsInstitutional OwnershipVanguard Group Inc.Bought 205,435 shares on 3/11/2024Ownership: 4.703%Goldman Sachs Group Inc.Sold 5,157 shares on 3/1/2024Ownership: 0.578%Voisard Asset Management Group Inc.Bought 9,967 shares on 2/20/2024Ownership: 0.029%Price T Rowe Associates Inc. MDSold 1,402 shares on 2/16/2024Ownership: 0.180%Price T Rowe Associates Inc. MDSold 1,402 shares on 2/15/2024Ownership: 0.180%View All Institutional Transactions MCBC Stock Analysis - Frequently Asked Questions Should I buy or sell Macatawa Bank stock right now? 2 Wall Street 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 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 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 predict the company's stock price to reach $11.75 in the next twelve months. This suggests a possible upside of 26.2% 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 2024? Macatawa Bank's stock was trading at $11.28 at the start of the year. Since then, MCBC shares have decreased by 17.5% and is now trading at $9.31. View the best growth stocks for 2024 here. Are investors shorting Macatawa Bank? Macatawa Bank saw a increase in short interest during the month of February. As of February 29th, there was short interest totaling 132,900 shares, an increase of 25.5% from the February 14th total of 105,900 shares. Based on an average trading volume of 74,300 shares, the short-interest ratio is currently 1.8 days. Approximately 0.5% of the company's shares 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 earnings results 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 earned $26.13 million during the quarter, compared to the consensus estimate 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 announced a quarterly dividend on Thursday, January 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.87%. 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 3.78%. 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (4.71%), Vanguard Group Inc. (4.70%), Dimensional Fund Advisors LP (4.55%), Elizabeth Park Capital Advisors Ltd. (1.46%), rhino investment partners Inc (1.33%) and Keeley Teton Advisors LLC (0.91%). 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 3/19/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial Metals8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)Paradigm PressLike Tiny Crypto Retirement FundsCrypto 101 MediaThe AI Bottleneck No One is Talking AboutThe Bull ReportMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceSHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyThe world’s greatest investmentPorter & Company 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. Please log in to your account or sign up in order to add this asset to your watchlist. 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