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.
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Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Phone616-820-1444
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$86.54 million
Profitability
Miscellaneous
Employees292
Next Earnings Date10/24/2019 (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 declared a quarterly dividend on Monday, July 29th. Shareholders of record on Tuesday, August 13th will be given a dividend of $0.07 per share on Thursday, August 29th. This represents a $0.28 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Monday, August 12th. View Macatawa Bank's Dividend History.
How were Macatawa Bank's earnings last quarter?
Macatawa Bank Co. (NASDAQ:MCBC) announced its earnings results on Thursday, July, 25th. The financial services provider reported $0.24 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.21 by $0.03. The financial services provider had revenue of $21.05 million for the quarter, compared to analyst estimates of $20.50 million. Macatawa Bank had a net margin of 31.79% and a return on equity of 15.18%. View Macatawa Bank's Earnings History.
When is Macatawa Bank's next earnings date?
Has Macatawa Bank been receiving favorable news coverage?
News articles about MCBC stock have been trending very negative recently, according to InfoTrie. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Macatawa Bank earned a media sentiment score of -3.2 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Macatawa Bank.
Are investors shorting Macatawa Bank?
Macatawa Bank saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 345,300 shares, an increase of 17.3% from the August 30th total of 294,400 shares. Based on an average daily trading volume, of 42,900 shares, the days-to-cover ratio is currently 8.0 days. Approximately 1.3% of the shares of the stock are short sold. View Macatawa Bank's Current Options Chain.
Who are some of Macatawa Bank's key competitors?
Some companies that are related to Macatawa Bank include First Busey (BUSE), Seacoast Banking Co. of Florida (SBCF), Veritex (VBTX), S & T Bancorp (STBA), OFG Bancorp (OFG), 1st Source (SRCE), Southside Bancshares (SBSI), FB Financial (FBK), Lakeland Financial (LKFN), Enterprise Financial Services (EFSC), TriCo Bancshares (TCBK), First Bancorp (FBNC), Boston Private Financial (BPFH), Republic Bancorp, Inc. KY (RBCAA) and German American Bancorp. (GABC).
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 many different of institutional and retail investors. Top institutional investors include Well Done LLC (1.35%) and Campbell & CO Investment Adviser LLC (0.03%). Company insiders that own Macatawa Bank stock include Charles A Geenen, Jill A Walcott, Matthew D Hoeksema, Robert L Herr and Timothy J Doyle. 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 Well Done LLC. Company insiders that have sold Macatawa Bank company stock in the last year include Charles A Geenen and Jill A Walcott. 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 Campbell & CO Investment Adviser LLC. Company insiders that have bought Macatawa Bank stock in the last two years include Matthew D Hoeksema, Robert L Herr and Timothy J Doyle. 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, Robinhood, Fidelity and Charles Schwab.
What is Macatawa Bank's stock price today?
One share of MCBC stock can currently be purchased for approximately $10.22.
How big of a company is Macatawa Bank?
Macatawa Bank has a market capitalization of $348.09 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.View Additional Information About Macatawa Bank.
What is Macatawa Bank's official website?
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)
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.
