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NASDAQ:MCBC

Macatawa Bank (MCBC) Stock Forecast, Price & News

$9.03
-0.03 (-0.33%)
(As of 11:08 AM ET)
Compare
Today's Range
$9.01
$9.04
50-Day Range
$9.01
$10.18
52-Week Range
$6.96
$11.84
Volume
2,695 shs
Average Volume
54,069 shs
Market Capitalization
$309.64 million
P/E Ratio
7.00
Dividend Yield
3.54%
Price Target
$11.00

Macatawa Bank MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
21.4% Upside
$11.00 Price Target
Short Interest
Healthy
0.65% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-4.00%
From $1.25 to $1.20 Per Share

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 stars

Finance Sector

563rd out of 848 stocks

State Commercial Banks Industry

137th out of 175 stocks


MCBC stock logo

About Macatawa Bank (NASDAQ:MCBC) Stock

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, 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.

MCBC Price History

MCBC Stock News Headlines

BCB Bancorp, Macatawa Bank snag Buy ratings at Janney
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.
Yes Bank
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.
MCBC Macatawa Bank Corporation
Power-One, Clarient: Early Volume Plays
See More Headlines
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MCBC Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 8/30 Dividend
8/14/2023
Dividend Payable
8/30/2023
Today
9/26/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:MCBC
Employees
287
Year Founded
1997

Price 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 Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$34.73 million
Pretax Margin
46.23%

Debt

Sales & Book Value

Annual Sales
$94.93 million
Cash Flow
$1.06 per share
Book Value
$7.21 per share

Miscellaneous

Free Float
31,342,000
Market Cap
$310.67 million
Optionable
Optionable
Beta
0.67

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Key Executives

  • Mr. Ronald L. Haan (Age 69)
    Pres, CEO & Director
    Comp: $559.06k
  • Mr. Jon W. Swets (Age 58)
    Sr. VP, CFO & Sec.
    Comp: $384.52k
  • Mr. Craig A. Hankinson (Age 55)
    Chief Operating Officer
    Comp: $384.52k
  • Mr. Jeffrey A. Tatreau
    Sr. VP & CTO
  • Ms. Jodi L. Sevigny
    Sr. VP & Chief Marketing Officer
  • Leslie D. Leegwater
    VP & HR Mang.
  • Ms. Jill A. Walcott (Age 56)
    Sr. VP & Chief Retail Banking Officer
  • Mr. Jason M. Birchmeier
    Sr. VP & Chief Credit Officer
  • Mr. Erich J. VanRavenswaay
    Sr. VP & Chief Wealth Management Officer
  • Mr. Justin S. Van Beek
    Sr. VP & Chief Risk Officer













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?
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

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