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NASDAQ:MCBC

Macatawa Bank Stock Forecast, Price & News

$8.89
-0.31 (-3.37 %)
(As of 02/25/2021 12:00 AM ET)
Add
Compare
Today's Range
$8.88
Now: $8.89
$9.25
50-Day Range
$8.30
MA: $8.73
$9.20
52-Week Range
$6.01
Now: $8.89
$10.38
Volume77,988 shs
Average Volume86,154 shs
Market Capitalization$304.02 million
P/E Ratio10.34
Dividend Yield3.48%
Beta0.81
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, and 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, ecommerce, and trust and brokerage services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. As of January 27, 2020, the company had 26 full-service branches in Kent, Ottawa, and northern Allegan counties, Michigan. Macatawa Bank Corporation was founded in 1997 and is headquartered in Holland, Michigan.
Macatawa Bank logo

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:MCBC
CUSIPN/A
Phone616-820-1444
Employees285
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$95.67 million
Cash Flow$1.01 per share
Book Value$6.38 per share

Profitability

Net Income$31.98 million

Miscellaneous

Market Cap$304.02 million
Next Earnings Date4/22/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

0.86 out of 5 stars

Finance Sector

1197th out of 1,931 stocks

State Commercial Banks Industry

233rd out of 308 stocks

Analyst Opinion: 0.0Community Rank: 2.2Dividend Strength: 0.8Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -
$8.89
-0.31 (-3.37 %)
(As of 02/25/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Macatawa Bank (NASDAQ:MCBC) Frequently Asked Questions

What stocks does MarketBeat like better than Macatawa Bank?

Wall Street analysts have given Macatawa Bank a "N/A" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Macatawa Bank wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Macatawa Bank?

Macatawa Bank saw a decline in short interest in January. As of January 29th, there was short interest totaling 251,000 shares, a decline of 31.5% from the January 14th total of 366,200 shares. Based on an average trading volume of 91,800 shares, the short-interest ratio is currently 2.7 days. Approximately 1.0% of the company's stock are sold short.
View Macatawa Bank's Short Interest
.

When is Macatawa Bank's next earnings date?

Macatawa Bank is scheduled to release its next quarterly earnings announcement on Thursday, April 22nd 2021.
View our earnings forecast for Macatawa Bank
.

How were Macatawa Bank's earnings last quarter?

Macatawa Bank Co. (NASDAQ:MCBC) released its quarterly earnings data on Wednesday, January, 27th. The financial services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. Macatawa Bank had a trailing twelve-month return on equity of 12.98% and a net margin of 11.85%.
View Macatawa Bank's earnings history
.

How has Macatawa Bank's stock price been impacted by COVID-19 (Coronavirus)?

Macatawa Bank's stock was trading at $8.09 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MCBC shares have increased by 9.9% and is now trading at $8.89.
View which stocks have been most impacted by COVID-19
.

How often does Macatawa Bank pay dividends? What is the dividend yield for Macatawa Bank?

Macatawa Bank announced a quarterly dividend on Thursday, January 28th. Investors of record on Wednesday, February 10th will be given a dividend of $0.08 per share on Thursday, February 25th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Tuesday, February 9th.
View Macatawa Bank's dividend history
.

Is Macatawa Bank a good dividend stock?

Macatawa Bank pays an annual dividend of $0.32 per share and currently has a dividend yield of 3.48%.
View Macatawa Bank's dividend history.

Who are Macatawa Bank's key executives?

Macatawa Bank's management team includes the following people:
  • Mr. Ronald L. Haan, Pres, CEO & Director (Age 67, Pay $483.53k)
  • Mr. Jon W. Swets, Sr. VP, CFO & Sec. (Age 56, Pay $271.84k)
  • Mr. Craig A. Hankinson, Chief Operating Officer (Age 53, Pay $322.44k)
  • Ms. Jill A. Walcott, Sr. VP & Chief Retail Banking Officer (Age 54, Pay $250.79k)
  • Mr. Jeffrey A. Tatreau, Sr. VP & CTO
  • Ms. Jodi L. Sevigny, Sr. VP & Chief Marketing Officer
  • Leslie D. Leegwater, VP & HR Mang.
  • 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

What is Ronald L. Haan's approval rating as Macatawa Bank's CEO?

9 employees have rated Macatawa Bank CEO Ronald L. Haan on Glassdoor.com. Ronald L. Haan has an approval rating of 74% among Macatawa Bank's employees.

Who are some of Macatawa Bank's key competitors?

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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.89%), Dimensional Fund Advisors LP (4.76%), Renaissance Technologies LLC (3.62%), Northern Trust Corp (0.87%), Bank of New York Mellon Corp (0.81%) and Jacobs Asset Management LLC (0.75%). Company insiders that own Macatawa Bank stock include Charles A Geenen, Jill A Walcott, Robert L Herr and Timothy J Doyle.
View institutional ownership trends for Macatawa Bank
.

Which major investors are selling Macatawa Bank stock?

MCBC stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, First Trust Advisors LP, BHZ Capital Management LP, Dimensional Fund Advisors LP, Wedge Capital Management L L P NC, Zebra Capital Management LLC, Alliancebernstein L.P., and Los Angeles Capital Management LLC.
View insider buying and selling activity for Macatawa Bank
or view top insider-selling stocks.

Which major investors are buying Macatawa Bank stock?

MCBC stock was bought by a variety of institutional investors in the last quarter, including Jacobs Asset Management LLC, LVM Capital Management Ltd. MI, Panagora Asset Management Inc., BlackRock Inc., Cambridge Investment Research Advisors Inc., Bank of New York Mellon Corp, GSA Capital Partners LLP, and Bailard Inc.. Company insiders that have bought Macatawa Bank stock in the last two years include Robert L Herr, and Timothy J Doyle.
View insider buying and selling activity for Macatawa Bank
or or view top insider-buying stocks.

How do I buy shares of Macatawa Bank?

Shares of MCBC 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 $8.89.

How much money does Macatawa Bank make?

Macatawa Bank has a market capitalization of $304.02 million and generates $95.67 million in revenue each year.

How many employees does Macatawa Bank have?

Macatawa Bank employs 285 workers across the globe.

What is Macatawa Bank's official website?

The official website for Macatawa Bank is www.macatawabank.com.

Where are Macatawa Bank's headquarters?

Macatawa Bank is headquartered at 10753 MACATAWA DRIVE, HOLLAND MI, 49424.

How can I contact Macatawa Bank?

Macatawa Bank's mailing address is 10753 MACATAWA DRIVE, HOLLAND MI, 49424. The financial services provider can be reached via phone at 616-820-1444 or via email at [email protected]


This page was last updated on 2/25/2021 by MarketBeat.com Staff

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