Macatawa Bank Corporation Company Profile (NASDAQ:MCBC)

About Macatawa Bank Corporation

Macatawa Bank Corporation logoMacatawa Bank Corporation is a bank holding company. The Company owns Macatawa Bank (the Bank). The Company focuses on commercial banking. It also offers automated teller machines (ATMs), Internet banking, telephone banking and debit cards. It offers personal trust services, which include financial planning, investment management services, trust and estate administration, and custodial services. The Company's retirement plan services provide various types of qualified retirement plans, including profit sharing, 401(k) and pension plans. Through its subsidiary, Macatawa Bank, the Company 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 through over 30 branch offices, and a lending and operation service facility in Ottawa County, Kent County and northern Allegan County, Michigan.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Midwest Banks
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: MCBC
  • CUSIP:
Key Metrics:
  • Previous Close: $10.21
  • 50 Day Moving Average: $10.03
  • 200 Day Moving Average: $8.97
  • 52-Week Range: $5.73 - $10.67
  • Trailing P/E Ratio: 21.72
  • Foreward P/E Ratio: 17.60
  • P/E Growth: 4.86
  • Market Cap: $346.53M
  • Outstanding Shares: 33,940,000
  • Beta: 1.13
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%
Additional Links:
Companies Related to Macatawa Bank Corporation:

Analyst Ratings

Consensus Ratings for Macatawa Bank Corporation (NASDAQ:MCBC) (?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $7.63 (25.32% downside)

Analysts' Ratings History for Macatawa Bank Corporation (NASDAQ:MCBC)
Show:
DateFirmActionRatingPrice TargetDetails
8/1/2016Keefe, Bruyette & WoodsBoost Price TargetMarket Perform$7.00 -> $7.50View Rating Details
5/25/2016Hovde GroupInitiated CoverageMarket Perform$7.75View Rating Details
(Data available from 2/27/2015 forward)

Earnings

Earnings History for Macatawa Bank Corporation (NASDAQ:MCBC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/26/2017        
1/26/2017Q4 2016$0.13$0.12ViewN/AView Earnings Details
7/21/2016Q2$0.11$0.11ViewN/AView Earnings Details
4/28/2016Q1$0.09$0.10ViewN/AView Earnings Details
1/28/2016Q4$0.10$0.10ViewN/AView Earnings Details
10/22/2015Q315$0.09$0.09ViewN/AView Earnings Details
7/23/2015Q2$0.09$0.09ViewN/AView Earnings Details
4/23/2015$0.08$0.08ViewN/AView Earnings Details
1/29/2015$0.08$0.07ViewN/AView Earnings Details
10/23/2014Q3$0.08$0.08ViewN/AView Earnings Details
7/24/2014$0.08$0.08ViewN/AView Earnings Details
4/24/2014$0.06$0.08ViewN/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 Corporation (NASDAQ:MCBC)
Current Year EPS Consensus Estimate: $0.53 EPS
Next Year EPS Consensus Estimate: $0.58 EPS

Dividends

Current Dividend Information for Macatawa Bank Corporation (NASDAQ:MCBC)
Annual Dividend:$0.16
Dividend Yield:1.57%
Payout Ratio:34.04% (Based on Trailing 12 Months of Earnings)
30.19% (Based on Current Year Consensus EPS Estimate)
27.59% (Based on Next Year Consensus EPS Estimate)

Dividend History for Macatawa Bank Corporation (NASDAQ:MCBC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for Macatawa Bank Corporation (NASDAQ:MCBC)
Insider Ownership Percentage: 7.50%
Institutional Ownership Percentage: 26.83%
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

Latest Headlines for Macatawa Bank Corporation (NASDAQ:MCBC)
DateHeadline
finance.yahoo.com logoMACATAWA BANK CORP Financials (NASDAQ:MCBC)
finance.yahoo.com - February 22 at 6:36 PM
capitalcube.com logoMacatawa Bank Corp. breached its 50 day moving average in a Bearish Manner : MCBC-US : February 7, 2017 (NASDAQ:MCBC)
www.capitalcube.com - February 7 at 7:43 PM
capitalcube.com logoETFs with exposure to Macatawa Bank Corp. : February 2, 2017 (NASDAQ:MCBC)
www.capitalcube.com - February 2 at 7:15 PM
us.rd.yahoo.com logo9:16 am Macatawa Bank Corporation appoints Craig A. Hankinson as Chief Operating Officer (NASDAQ:MCBC)
us.rd.yahoo.com - February 2 at 12:17 AM
nasdaq.com logoMacatawa Bank Corporation Appoints Craig A. Hankinson as Chief Operating Officer (NASDAQ:MCBC)
www.nasdaq.com - February 1 at 7:17 PM
streetinsider.com logoMacatawa Bank (MCBC) Names Craig A. Hankinson as COO (NASDAQ:MCBC)
www.streetinsider.com - February 1 at 7:17 PM
capitalcube.com logoMacatawa Bank Corp. :MCBC-US: Earnings Analysis: Q4, 2016 By the Numbers : February 1, 2017 (NASDAQ:MCBC)
www.capitalcube.com - February 1 at 7:17 PM
capitalcube.com logoMacatawa Bank Corp. :MCBC-US: Earnings Analysis: 2016 By the Numbers : January 31, 2017 (NASDAQ:MCBC)
www.capitalcube.com - January 31 at 7:21 PM
finance.yahoo.com logo8:01 am Macatawa Bank raises dividend to $0.04/share from $0.03/share (NASDAQ:MCBC)
finance.yahoo.com - January 30 at 7:09 PM
feeds.benzinga.com logoMacatawa Bank Corporation Increases Quarterly Dividend (NASDAQ:MCBC)
feeds.benzinga.com - January 30 at 8:12 AM
4-traders.com logoMacatawa Bank : posts 4Q profit (NASDAQ:MCBC)
www.4-traders.com - January 28 at 4:51 AM
sg.finance.yahoo.com logoMacatawa posts 4Q profit (NASDAQ:MCBC)
sg.finance.yahoo.com - January 27 at 11:47 PM
us.rd.yahoo.com logoMacatawa Bank Corporation Reports Fourth Quarter and Full Year 2016 Results (NASDAQ:MCBC)
us.rd.yahoo.com - January 26 at 8:26 PM
capitalcube.com logoMacatawa Bank Corp. breached its 50 day moving average in a Bullish Manner : MCBC-US : January 25, 2017 (NASDAQ:MCBC)
www.capitalcube.com - January 25 at 7:52 PM
4-traders.com logoMacatawa Bank : Merz Joins the Macatawa Bank Mortgage Team (NASDAQ:MCBC)
www.4-traders.com - January 18 at 6:57 PM
capitalcube.com logoMacatawa Bank Corp. : MCBC-US: Dividend Analysis : November 14th, 2016 (record date) : By the numbers : January 11, 2017 (NASDAQ:MCBC)
www.capitalcube.com - January 11 at 7:02 PM
capitalcube.com logoETFs with exposure to Macatawa Bank Corp. : December 9, 2016 (NASDAQ:MCBC)
www.capitalcube.com - December 9 at 6:29 PM
capitalcube.com logoETFs with exposure to Macatawa Bank Corp. : November 28, 2016 (NASDAQ:MCBC)
www.capitalcube.com - November 29 at 2:58 PM
capitalcube.com logoMacatawa Bank Corp. :MCBC-US: Earnings Analysis: Q3, 2016 By the Numbers : November 23, 2016 (NASDAQ:MCBC)
www.capitalcube.com - November 23 at 6:06 PM
News IconMacatawa Bank increases earnings in 2016 (NASDAQ:MCBC)
mibiz.com - October 28 at 5:52 PM
publicnow.com logoMacatawa Bank Corporation Reports Third Quarter 2016 Results (NASDAQ:MCBC)
www.publicnow.com - October 27 at 6:09 PM
mysmartrend.com logoUptrend Call Working As Macatawa Bank Stock Rises 29.5% (MCBC) (NASDAQ:MCBC)
www.mysmartrend.com - October 26 at 9:25 AM
capitalcube.com logoMacatawa Bank Corp. : MCBC-US: Dividend Analysis : August 15th, 2016 (record date) : By the numbers : October 18, 2016 (NASDAQ:MCBC)
www.capitalcube.com - October 18 at 5:57 PM
mysmartrend.com logoMacatawa Bank Shares Up 27.5% Since SmarTrend's Buy Recommendation (MCBC) (NASDAQ:MCBC)
www.mysmartrend.com - October 18 at 11:18 AM
publicnow.com logoAngela Chiu Joins the Macatawa Bank Mortgage Team (NASDAQ:MCBC)
www.publicnow.com - October 11 at 6:18 PM
mysmartrend.com logo26.3% Return Seen to Date on SmarTrend Macatawa Bank Call (MCBC) (NASDAQ:MCBC)
www.mysmartrend.com - September 30 at 11:13 AM
mysmartrend.com logo28.9% Return Seen to Date on SmarTrend Macatawa Bank Call (MCBC) (NASDAQ:MCBC)
www.mysmartrend.com - September 23 at 5:42 PM
mysmartrend.com logoMacatawa Bank Up 26.8% Since SmarTrend Uptrend Call (MCBC) (NASDAQ:MCBC)
www.mysmartrend.com - September 15 at 4:03 PM
capitalcube.com logoETF’s with exposure to Macatawa Bank Corp. : September 15, 2016 (NASDAQ:MCBC)
www.capitalcube.com - September 15 at 4:03 PM
News IconSearch Results for "CTBC Bank Corp (USA)" Market Reports (NASDAQ:MCBC)
www.spi-reports.com - September 5 at 5:29 PM
mysmartrend.com logo30.5% Return Seen to Date on SmarTrend Macatawa Bank Call (MCBC) (NASDAQ:MCBC)
www.mysmartrend.com - September 1 at 5:57 PM
mysmartrend.com logoMacatawa Bank Has Returned 25.3% Since SmarTrend Recommendation (MCBC) (NASDAQ:MCBC)
www.mysmartrend.com - August 24 at 5:55 PM
mysmartrend.com logoUptrend Call Working As Macatawa Bank Stock Rises 25.3% (MCBC) (NASDAQ:MCBC)
www.mysmartrend.com - August 17 at 9:12 AM
capitalcube.com logoMacatawa Bank Corp. :MCBC-US: Earnings Analysis: Q2, 2016 By the Numbers : August 5, 2016 (NASDAQ:MCBC)
www.capitalcube.com - August 5 at 6:17 PM
News IconEarnings for Macatawa rise in second quarter (NASDAQ:MCBC)
mibiz.com - July 30 at 8:58 AM
4-traders.com logoMacatawa Bank : posts 2Q profit (NASDAQ:MCBC)
www.4-traders.com - July 30 at 8:58 AM
publicnow.com logoMacatawa Bank Corporation Reports Second Quarter 2016 Results (NASDAQ:MCBC)
www.publicnow.com - July 28 at 4:48 PM
publicnow.com logoNyhoff Has Joined The Macatawa Bank Mortgage Team (NASDAQ:MCBC)
www.publicnow.com - July 1 at 11:41 AM
finance.yahoo.com logoCoverage initiated on Macatawa Bank Corporation by Hovde Group (NASDAQ:MCBC)
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 (NASDAQ:MCBC)
biz.yahoo.com - May 4 at 3:19 PM
sg.finance.yahoo.com logoMacatawa posts 1Q profit (NASDAQ:MCBC)
sg.finance.yahoo.com - April 28 at 6:57 PM
publicnow.com logoMacatawa Bank Corporation Reports First Quarter 2016 Results (NASDAQ:MCBC)
www.publicnow.com - April 28 at 4:36 PM
publicnow.com logoSchaendorf Joins the Macatawa Bank Mortgage Team (NASDAQ:MCBC)
www.publicnow.com - April 11 at 3:17 PM
biz.yahoo.com logoMACATAWA BANK CORP Files SEC form 10-K, Annual Report (NASDAQ:MCBC)
biz.yahoo.com - February 18 at 4:36 PM
capitalcube.com logoMacatawa Bank Corp. Earnings Analysis: Q4, 2015 By the Numbers (NASDAQ:MCBC)
www.capitalcube.com - February 1 at 1:30 PM
publicnow.com logoMacatawa Bank Corporation Reports Fourth Quarter and Full Year 2015 Results (NASDAQ:MCBC)
www.publicnow.com - January 28 at 4:45 PM
noodls.com logoMacatawa Bank Chooses Vantiv Merchant Services Solutions (NASDAQ:MCBC)
us.rd.yahoo.com - January 14 at 11:02 AM
noodls.com logoConey Named Macatawa Bank Downtown Holland Branch Manager (NASDAQ:MCBC)
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 (NASDAQ:MCBC)
us.rd.yahoo.com - January 14 at 11:02 AM
noodls.com logoMacatawa Bank Corporation Reports Second Quarter 2015 Results (NASDAQ:MCBC)
us.rd.yahoo.com - January 14 at 11:02 AM

Social

What is Macatawa Bank Corporation's stock symbol?

Macatawa Bank Corporation trades on the NASDAQ under the ticker symbol "MCBC."

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

Macatawa Bank Corporation announced a quarterly dividend on Monday, January 30th. Investors of record on Monday, February 13th will be given a dividend of $0.04 per share on Tuesday, February 28th. This represents a $0.16 annualized dividend and a yield of 1.57%. The ex-dividend date is Thursday, February 9th. This is a positive change from Macatawa Bank Corporation's previous quarterly dividend of $0.03.

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

2 brokerages have issued 12-month price objectives for Macatawa Bank Corporation's stock. Their predictions range from $7.50 to $7.75. On average, they anticipate Macatawa Bank Corporation's stock price to reach $7.63 in the next year.

When will Macatawa Bank Corporation announce their earnings?

Macatawa Bank Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.

Who owns Macatawa Bank Corporation stock?

Macatawa Bank Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (3.89%), Renaissance Technologies LLC (2.54%), State Street Corp (1.07%), O Shaughnessy Asset Management LLC (0.77%), Russell Investments Group Ltd. (0.09%) and Two Sigma Investments LP (0.08%). Company insiders that own Macatawa Bank Corporation stock include Mark Bugge, Ronald L Haan and Roy Michael K Le.

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

Macatawa Bank Corporation's stock was sold by a variety of institutional investors in the last quarter, including Metropolitan Life Insurance Co. NY and Dimensional Fund Advisors LP.

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

Macatawa Bank Corporation's stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, State Street Corp, Russell Investments Group Ltd., Two Sigma Investments LP, O Shaughnessy Asset Management LLC and Ladenburg Thalmann Financial Services Inc.. Company insiders that have bought Macatawa Bank Corporation stock in the last two years include Mark Bugge, Ronald L Haan and Roy Michael K Le.

How do I buy Macatawa Bank Corporation stock?

Shares of Macatawa Bank Corporation 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 Corporation stock cost?

One share of Macatawa Bank Corporation stock can currently be purchased for approximately $10.21.

Macatawa Bank Corporation (NASDAQ:MCBC) Chart for Monday, February, 27, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Macatawa Bank Corporation (NASDAQ:MCBC)

Earnings History Chart

Earnings by Quarter for Macatawa Bank Corporation (NASDAQ:MCBC)

Dividend History Chart

Dividend Payments by Quarter for Macatawa Bank Corporation (NASDAQ:MCBC)

Last Updated on 2/27/2017 by MarketBeat.com Staff