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

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$9.33 -0.17 (-1.79 %)
(As of 12/19/2018 08:17 AM ET)
Previous Close$9.50
Today's Range$8.8051 - $10.15
52-Week Range$8.80 - $12.92
Volume58,950 shs
Average Volume44,248 shs
Market Capitalization$323.14 million
P/E Ratio16.96
Dividend Yield2.95%
Beta0.5
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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:MCBC
Previous Symbol
CUSIPN/A
Phone616-820-1444

Debt

Debt-to-Equity Ratio0.60
Current Ratio0.93
Quick Ratio0.93

Price-To-Earnings

Trailing P/E Ratio16.96
Forward P/E Ratio12.28
P/E Growth1.56

Sales & Book Value

Annual Sales$75.10 million
Price / Sales4.23
Cash Flow$0.6098 per share
Price / Cash Flow15.30
Book Value$5.10 per share
Price / Book1.83

Profitability

EPS (Most Recent Fiscal Year)$0.55
Net Income$16.29 million
Net Margins25.87%
Return on Equity13.50%
Return on Assets1.27%

Miscellaneous

Employees368
Outstanding Shares34,010,000
Market Cap$323.14 million
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, October 29th. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.07 per share on Wednesday, November 28th. This represents a $0.28 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Friday, November 9th. This is a positive change from Macatawa Bank's previous quarterly dividend of $0.06. View Macatawa Bank's Dividend History.

How were Macatawa Bank's earnings last quarter?

Macatawa Bank Co. (NASDAQ:MCBC) posted its quarterly earnings results on Thursday, October, 25th. The financial services provider reported $0.20 EPS for the quarter, meeting analysts' consensus estimates of $0.20. The financial services provider earned $19.66 million during the quarter, compared to analyst estimates of $19.50 million. Macatawa Bank had a return on equity of 13.50% and a net margin of 25.87%. 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, January 24th 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 shares. 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 121.5% 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 stories about MCBC stock have trended neutral this week, according to InfoTrie. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Macatawa Bank earned a media sentiment score of 0.4 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an impact on the stock's share price in the immediate future.

Who are some of Macatawa Bank's key competitors?

Who are Macatawa Bank's key executives?

Macatawa Bank's management team includes the folowing people:
  • Mr. Ronald L. Haan, Pres, CEO & Director (Age 64)
  • Mr. Jon W. Swets, Sr. VP, CFO & Sec. (Age 53)
  • Mr. Craig A. Hankinson, Chief Operating Officer (Age 50)
  • Ms. Jill A. Walcott, Sr. VP (Age 51)
  • Mr. Matthew D. Hoeksema, Sr. VP (Age 46)

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 Dimensional Fund Advisors LP (4.52%), BlackRock Inc. (4.22%), Vanguard Group Inc. (3.30%), Vanguard Group Inc (3.30%), Renaissance Technologies LLC (3.09%) and Banc Funds Co. LLC (1.56%). View Institutional Ownership Trends for Macatawa Bank.

Which institutional investors are selling Macatawa Bank stock?

MCBC stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Alliancebernstein L.P., Banc Funds Co. LLC and Renaissance Technologies LLC. View Insider Buying and Selling 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 BlackRock Inc., Dimensional Fund Advisors LP, Vanguard Group Inc, Vanguard Group Inc., O Shaughnessy Asset Management LLC, Acadian Asset Management LLC, Panagora Asset Management Inc. and Bank of New York Mellon Corp. 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 $9.33.

How big of a company is Macatawa Bank?

Macatawa Bank has a market capitalization of $323.14 million and generates $75.10 million in revenue each year. The financial services provider earns $16.29 million in net income (profit) each year or $0.55 on an earnings per share basis. Macatawa Bank employs 368 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:  122 (Vote Outperform)
Underperform Votes:  167 (Vote Underperform)
Total Votes:  289
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 12/19/2018 by MarketBeat.com Staff

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