NASDAQ:MCBC - Macatawa Bank Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$10.50 +0.30 (+2.94 %)
(As of 04/23/2019 04:00 PM ET)
Previous Close$10.20
Today's Range$10.26 - $10.62
52-Week Range$8.81 - $12.92
Volume28,800 shs
Average Volume29,296 shs
Market Capitalization$357.36 million
P/E Ratio13.42
Dividend Yield2.75%
Beta0.59
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; retail loans, such as residential mortgage loans; and 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 trust and brokerage services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities through 26 branch offices, as well as a lending and operation service facility in Kent County, Ottawa County, and northern Allegan County, Michigan. Macatawa Bank Corporation was founded in 1997 and is headquartered in Holland, Michigan.

Receive MCBC News and Ratings via Email

Sign-up to receive the latest news and ratings for MCBC and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$86.54 million
Cash Flow$0.8530 per share
Book Value$5.61 per share

Profitability

Net Income$26.37 million

Miscellaneous

Employees292
Market Cap$357.36 million
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable

Macatawa Bank (NASDAQ:MCBC) Frequently Asked Questions

What is Macatawa Bank's stock symbol?

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

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

Macatawa Bank announced a quarterly dividend on Monday, January 28th. Shareholders of record on Tuesday, February 12th will be given a dividend of $0.07 per share on Wednesday, February 27th. This represents a $0.28 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Monday, February 11th. View Macatawa Bank's Dividend History.

How were Macatawa Bank's earnings last quarter?

Macatawa Bank Co. (NASDAQ:MCBC) released its quarterly earnings data on Thursday, January, 24th. The financial services provider reported $0.21 EPS for the quarter, topping the Zacks' consensus estimate of $0.20 by $0.01. The financial services provider had revenue of $20.03 million for the quarter, compared to the consensus estimate of $19.70 million. Macatawa Bank had a return on equity of 14.46% and a net margin of 30.48%. View Macatawa Bank's Earnings History.

When is Macatawa Bank's next earnings date?

Macatawa Bank is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Macatawa Bank.

What price target have analysts set for MCBC?

3 analysts have issued 1-year target prices for Macatawa Bank's stock. Their forecasts range from $13.00 to $36.00. On average, they expect Macatawa Bank's share price to reach $20.6667 in the next twelve months. This suggests a possible upside of 96.8% from the stock's current price. View Analyst Price Targets for Macatawa Bank.

What is the consensus analysts' recommendation for Macatawa Bank?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macatawa Bank in the last year. There are currently 2 hold ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Macatawa Bank.

Has Macatawa Bank been receiving favorable news coverage?

News articles about MCBC stock have been trending positive recently, according to InfoTrie. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Macatawa Bank earned a coverage optimism score of 2.7 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term.

Who are some of Macatawa Bank's key competitors?

What other stocks do shareholders of Macatawa Bank own?

Who are Macatawa Bank's key executives?

Macatawa Bank's management team includes the folowing people:
  • Mr. Ronald L. Haan, Pres, CEO & Director (Age 65)
  • Mr. Jon W. Swets, Sr. VP, CFO & Sec. (Age 54)
  • Mr. Craig A. Hankinson, Chief Operating Officer (Age 51)
  • Ms. Jill A. Walcott, Sr. VP & Chief Retail Banking Officer (Age 52)
  • Mr. Michael J. Shollack, Sr. VP & Chief Technology Officer

Who are Macatawa Bank's major shareholders?

Macatawa Bank's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Valeo Financial Advisors LLC (0.02%). Company insiders that own Macatawa Bank stock include Jill A Walcott, Matthew D Hoeksema and Robert L Herr. View Institutional Ownership Trends for Macatawa Bank.

Which institutional investors are buying Macatawa Bank stock?

MCBC stock was bought by a variety of institutional investors in the last quarter, including Valeo Financial Advisors LLC. Company insiders that have bought Macatawa Bank stock in the last two years include Matthew D Hoeksema and Robert L Herr. View Insider Buying and Selling for Macatawa Bank.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Macatawa Bank's stock price today?

One share of MCBC stock can currently be purchased for approximately $10.50.

How big of a company is Macatawa Bank?

Macatawa Bank has a market capitalization of $357.36 million and generates $86.54 million in revenue each year. The financial services provider earns $26.37 million in net income (profit) each year or $0.78 on an earnings per share basis. Macatawa Bank employs 292 workers across the globe.

What is Macatawa Bank's official website?

The official website for Macatawa Bank is http://www.macatawabank.com.

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]


MarketBeat Community Rating for Macatawa Bank (NASDAQ MCBC)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  130 (Vote Outperform)
Underperform Votes:  180 (Vote Underperform)
Total Votes:  310
MarketBeat's community ratings are surveys of what our community members think about Macatawa Bank and other stocks. Vote "Outperform" if you believe MCBC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MCBC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/23/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel