Macatawa Bank Corporation is a bank holding company. The Company, through its subsidiary, Macatawa Bank (the Bank), 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. The Bank is a Michigan chartered bank with depository accounts insured by the Federal Deposit Insurance Corporation. Its other services include automated teller machines (ATMs), Internet banking, telephone banking and debit cards. The Bank provides various brokerage services, including discount brokerage through Infinex, personal financial planning and consultation regarding mutual funds. As of December 31, 2016, the Bank operated 26 full service branch offices providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Commercial Banks
- Sub-Industry: N/A
- Symbol: NASDAQ:MCBC
- CUSIP: N/A
- Web: www.macatawabank.com
Capitalization:- Market Cap: $319.02 million
- Outstanding Shares: 33,938,000
Average Prices:- 50 Day Moving Avg: $9.41
- 200 Day Moving Avg: $9.67
- 52 Week Range: $7.62 - $10.67
P/E:- Trailing P/E Ratio: 17.77
- Foreward P/E Ratio: 15.67
- P/E Growth: 4.21
Sales & Book Value:- Annual Revenue: $69.91 million
- Price / Sales: 4.56
- Book Value: $5.01 per share
- Price / Book: 1.88
Dividend:- Annual Dividend: $0.20
- Dividend Yield: 2.1%
Profitability:- Net Margins: 24.52%
- Return on Equity: 10.86%
- Return on Assets: 1.04%
Debt:- Debt-to-Equity Ratio: 0.73%
- Current Ratio: 0.95%
- Quick Ratio: 0.94%
Misc:- Average Volume: 48,831 shs.
- Beta: 1.1
- Short Ratio: 7.4
Frequently Asked Questions for Macatawa Bank Corporation (NASDAQ:MCBC)
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, July 31st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.05 per share on Wednesday, August 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, August 11th. This is a boost from Macatawa Bank Corporation's previous quarterly dividend of $0.04. View Macatawa Bank Corporation's Dividend History.
How were Macatawa Bank Corporation's earnings last quarter?
Macatawa Bank Corporation (NASDAQ:MCBC) released its quarterly earnings data on Thursday, July, 27th. The company reported $0.14 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.13 by $0.01. The company had revenue of $17.18 million for the quarter. Macatawa Bank Corporation had a net margin of 24.52% and a return on equity of 10.86%. View Macatawa Bank Corporation's Earnings History.
When will Macatawa Bank Corporation make its next earnings announcement?
Where is Macatawa Bank Corporation's stock going? Where will Macatawa Bank Corporation's stock price be in 2017?
1 brokers have issued 1 year price objectives for Macatawa Bank Corporation's stock. Their predictions range from $10.00 to $10.00. On average, they anticipate Macatawa Bank Corporation's share price to reach $10.00 in the next twelve months. View Analyst Ratings for Macatawa Bank Corporation.
Who are some of Macatawa Bank Corporation's key competitors?
Some companies that are related to Macatawa Bank Corporation include Byline Bancorp (BY), TriState Capital Holdings (TSC), QCR Holdings (QCRH), Midland States Bancorp (MSBI), Horizon Bancorp (HBNC), National Commerce Corporation (NCOM), Pacific Continental Corporation (Ore) (PCBK), Peapack-Gladstone Financial Corporation (PGC), Heritage Commerce Corp (HTBK), Mercantile Bank Corporation (MBWM), Triumph Bancorp (TBK), Republic First Bancorp (FRBK), Sun Bancorp (SNBC), WashingtonFirst Bankshares (WFBI), First Community Bancshares (FCBC), First Mid-Illinois Bancshares (FMBH), Bank Mutual Corporation (BKMU) and Financial Institutions (FISI).
Who are Macatawa Bank Corporation's key executives?
Macatawa Bank Corporation's management team includes the folowing people:
- Richard L. Postma, Independent Chairman of the Board
- Ronald L. Haan, President, Chief Executive Officer, Director of the Company and the Bank
- Jon W. Swets, Senior Vice President, Chief Financial Officer of the Company and the Bank
- Craig A. Hankinson, Chief Operating Officer, Senior Vice President, Chief Credit Officer of the Company and the Bank
- Matthew D. Hoeksema, Senior Vice President
- Jill A. Walcott, Senior Vice President; Senior Vice President, Senior Retail Banking Officer of the Bank
- Mark J. Bugge, Independent Director
- Charles A. Geenen, Independent Director
- Robert L. Herr, Independent Director
- Birgit M. Klohs, Independent Director
Who owns Macatawa Bank Corporation stock?
Macatawa Bank Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (3.78%), Vanguard Group Inc. (2.80%), Well Done LLC (2.35%), Banc Funds Co. LLC (2.32%), State Street Corp (1.25%) and Northern Trust Corp (0.86%). Company insiders that own Macatawa Bank Corporation stock include Mark Bugge, Matthew D Hoeksema and Roy Michael K Le. View Institutional Ownership Trends for Macatawa Bank Corporation.
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 Alliancebernstein L.P., California Public Employees Retirement System, Vanguard Group Inc., JPMorgan Chase & Co., California State Teachers Retirement System, Spark Investment Management LLC, Dimensional Fund Advisors LP and Chicago Equity Partners LLC. View Insider Buying and Selling for Macatawa Bank Corporation.
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 First Trust Advisors LP, State Street Corp, Parametric Portfolio Associates LLC, New York State Common Retirement Fund, First Quadrant L P CA, Northern Trust Corp, Teachers Advisors LLC and Bank of New York Mellon Corp. Company insiders that have bought Macatawa Bank Corporation stock in the last two years include Mark Bugge, Matthew D Hoeksema and Roy Michael K Le. View Insider Buying and Selling for Macatawa Bank Corporation.
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.
What is Macatawa Bank Corporation's stock price today?
One share of Macatawa Bank Corporation stock can currently be purchased for approximately $9.40.
MarketBeat Community Rating for Macatawa Bank Corporation (NASDAQ MCBC)MarketBeat's community ratings are surveys of what our community members think about Macatawa Bank Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Macatawa Bank Corporation (NASDAQ:MCBC) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating |
| Consensus Rating: | Hold (Score: 2.00) |
| Consensus Price Target: | $10.00 (6.38% upside) |
Analysts' Ratings History for Macatawa Bank Corporation (NASDAQ:MCBC)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 7/14/2017 | Keefe, Bruyette & Woods | Reiterated Rating | Hold | $10.00 | Low |  |
| 5/25/2016 | Hovde Group | Initiated Coverage | Market Perform | $7.75 | N/A | |
(Data available from 8/21/2015 forward)
Earnings History for Macatawa Bank Corporation (NASDAQ:MCBC)Earnings History by Quarter for Macatawa Bank Corporation (NASDAQ MCBC)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/26/2017 | | | | | | | | |
| 7/27/2017 | Q2 2017 | $0.13 | $0.14 | | $17.18 million | View | N/A | |
| 1/26/2017 | Q4 2016 | $0.13 | $0.12 | | $17.15 million | View | N/A | |
| 10/27/2016 | Q3 | $0.12 | $0.14 | | $16.98 million | View | N/A | |
| 7/28/2016 | Q2 | $0.11 | $0.11 | | $16.14 million | View | N/A | |
| 4/28/2016 | Q1 | $0.09 | $0.10 | | $16.35 million | View | N/A | |
| 1/28/2016 | Q4 | $0.10 | $0.10 | | $15.96 million | View | N/A | |
| 10/22/2015 | Q315 | $0.09 | $0.09 | | $15.61 million | View | N/A | |
| 7/23/2015 | Q2 | $0.09 | $0.09 | | $15.36 million | View | N/A | |
| 4/23/2015 | Q1 2015 | $0.08 | $0.08 | | $14.95 million | View | N/A | |
| 1/29/2015 | Q4 2014 | $0.08 | $0.07 | | $14.79 million | View | N/A | |
| 10/23/2014 | Q3 | $0.08 | $0.08 | | $14.61 million | View | N/A | |
| 7/24/2014 | Q2 2014 | $0.08 | $0.08 | | $14.22 million | View | N/A | |
| 4/24/2014 | Q1 2014 | $0.06 | $0.08 | | $13.99 million | View | N/A | |
| 1/30/2014 | Q4 | $0.08 | ($0.56) | | | View | N/A | |
| 7/25/2013 | Q2 2013 | $0.08 | $0.10 | $14.56 million | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Macatawa Bank Corporation (NASDAQ:MCBC)Current Year EPS Consensus Estimate: $0.56 EPS
Next Year EPS Consensus Estimate: $0.60 EPS
Current Dividend Information for Macatawa Bank Corporation (NASDAQ:MCBC)| Next Dividend: | 8/30/2017 |
| Annual Dividend: | $0.20 |
| Dividend Yield: | 2.13% |
| Payout Ratio: | 37.74% (Trailing 12 Months of Earnings)
35.71% (Based on This Year's Estimates)
33.33% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Macatawa Bank Corporation (NASDAQ MCBC)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/31/2017 | Quarterly | $0.05 | 2.06% | 8/11/2017 | 8/15/2017 | 8/30/2017 |
| 5/1/2017 | quarterly | $0.04 | 1.62% | 5/11/2017 | 5/15/2017 | 5/30/2017 |
| 1/30/2017 | Quarterly | $0.04 | 1.59% | 2/9/2017 | 2/13/2017 | 2/28/2017 |
| 10/31/2016 | quarterly | $0.03 | 1.48% | 11/9/2016 | 11/14/2016 | 11/29/2016 |
| 8/1/2016 | quarterly | $0.03 | 1.57% | 8/11/2016 | 8/15/2016 | 8/30/2016 |
| 5/3/2016 | quarterly | $0.03 | 1.75% | 5/11/2016 | 5/13/2016 | 5/27/2016 |
| 2/1/2016 | Quarterly | $0.03 | | 2/10/2016 | 2/12/2016 | 2/26/2016 |
| 10/27/2015 | quarterly | $0.03 | 2.31% | 11/9/2015 | 11/12/2015 | 11/27/2015 |
| 7/28/2015 | quarterly | $0.03 | 2.26% | 8/11/2015 | 8/13/2015 | 8/28/2015 |
| 4/27/2015 | | $0.03 | | 5/12/2015 | 5/14/2015 | 5/29/2015 |
| 2/3/2015 | quarterly | $0.02 | 1.47% | 2/10/2015 | 2/12/2015 | 2/27/2015 |
| 10/27/2014 | quarterly | $0.02 | 1.54% | 11/4/2014 | 11/6/2014 | 11/28/2014 |
| 7/28/2014 | quarterly | $0.02 | 1.68% | 8/5/2014 | 8/7/2014 | 8/28/2014 |
| 4/28/2014 | quarterly | $0.02 | 1.63% | 5/6/2014 | 5/8/2014 | 5/29/2014 |
| 2/24/2014 | quarterly | $0.02 | 1.53% | 3/5/2014 | 3/7/2014 | 3/28/2014 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Macatawa Bank Corporation (NASDAQ:MCBC)Insider Ownership Percentage: 8.70%
Institutional Ownership Percentage: 27.84%
Insider Trades by Quarter for Macatawa Bank Corporation (NASDAQ:MCBC)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 8/8/2017 | Matthew D Hoeksema | Insider | Buy | 5,031 | $9.50 | $47,794.50 | |
| 2/9/2016 | Mark Bugge | Director | Buy | 1,000 | $5.76 | $5,760.00 | |
| 2/3/2016 | Roy Michael K Le | Director | Buy | 1,000 | $5.74 | $5,740.00 | |
| 5/12/2015 | Ronald L Haan | CEO | Buy | 5,000 | $5.17 | $25,850.00 | |
| 2/6/2015 | White Bay Capital, Lllp | Major Shareholder | Buy | 80,796 | $5.17 | $417,715.32 | |
| 2/5/2015 | Richard L Postma | Director | Buy | 33,177 | $5.48 | $181,809.96 | |
| 11/13/2013 | Robert L Herr | Director | Buy | 1,000 | $5.10 | $5,100.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Macatawa Bank Corporation (NASDAQ:MCBC)
Latest Headlines for Macatawa Bank Corporation (NASDAQ:MCBC)
| Source: |
|
| Date | Headline |
|---|
 | ETFs with exposure to Macatawa Bank Corp. : August 14, 2017
finance.yahoo.com - August 15 at 2:10 AM |
| Macatawa Bank Corp. breached its 50 day moving average in a Bearish Manner : MCBC-US : August 10, 2017
finance.yahoo.com - August 11 at 6:23 AM |
 | Insider Buying: Macatawa Bank Corporation (NASDAQ:MCBC) Insider Acquires 5,031 Shares of Stock
www.americanbankingnews.com - August 9 at 1:36 PM |
| Macatawa Bank Corporation (NASDAQ:MCBC) Raises Dividend to $0.05 Per Share
www.americanbankingnews.com - August 1 at 8:36 AM |
| Macatawa Bank Corp. breached its 50 day moving average in a Bullish Manner : MCBC-US : July 31, 2017
finance.yahoo.com - July 31 at 8:04 PM |
| Macatawa Bank Corp. :MCBC-US: Earnings Analysis: Q2, 2017 By the Numbers : July 31, 2017
finance.yahoo.com - July 31 at 8:04 PM |
| Macatawa Bank Corporation (MCBC) Issues Quarterly Earnings Results
www.americanbankingnews.com - July 29 at 3:30 PM |
| Macatawa posts 2Q profit
finance.yahoo.com - July 29 at 4:17 AM |
| Macatawa Bank Corporation Reports Second Quarter 2017 Results
finance.yahoo.com - July 28 at 3:32 AM |
| Macatawa Bank Corporation (NASDAQ:MCBC) Rating Reiterated by Keefe, Bruyette & Woods
www.americanbankingnews.com - July 15 at 1:40 PM |
| Macatawa Bank Corp. breached its 50 day moving average in a Bearish Manner : MCBC-US : July 11, 2017
finance.yahoo.com - July 12 at 2:58 AM |
| BidaskClub Upgrades Macatawa Bank Corporation (MCBC) to Hold
www.americanbankingnews.com - July 6 at 10:52 PM |
| Macatawa Bank Corp. breached its 50 day moving average in a Bullish Manner : MCBC-US : June 30, 2017
finance.yahoo.com - July 1 at 12:42 AM |
| Macatawa Bank Corp. – Value Analysis (NASDAQ:MCBC) : June 13, 2017
finance.yahoo.com - June 13 at 6:36 PM |
| Macatawa Bank Corp. breached its 50 day moving average in a Bullish Manner : MCBC-US : June 12, 2017
finance.yahoo.com - June 12 at 9:06 AM |
| Short Interest in Macatawa Bank Co. (MCBC) Grows By 7.6%
www.americanbankingnews.com - June 11 at 12:46 PM |
| Macatawa Bank Corp. : MCBC-US: Dividend Analysis : May 15th, 2017 (record date) : By the numbers : May 11, 2017
finance.yahoo.com - May 11 at 6:57 PM |
| Macatawa Bank (MCBC) Receives News Sentiment Rating of -0.04
www.americanbankingnews.com - May 4 at 3:22 PM |
| ETFs with exposure to Macatawa Bank Corp. : May 2, 2017
finance.yahoo.com - May 2 at 6:26 PM |
| Macatawa Bank Co. to Issue Quarterly Dividend of $0.04 (MCBC)
www.americanbankingnews.com - May 1 at 8:48 PM |
| Macatawa Bank Corporation Declares Quarterly Dividend
finance.yahoo.com - May 1 at 12:45 PM |
| Macatawa Bank Corp. :MCBC-US: Earnings Analysis: Q1, 2017 By the Numbers : May 1, 2017
finance.yahoo.com - May 1 at 12:45 PM |
| Macatawa Bank (MCBC) Receiving Somewhat Positive Press Coverage, Report Shows
www.americanbankingnews.com - April 28 at 10:26 PM |
| Macatawa Bank Corporation Reports First Quarter 2017 Results
finance.yahoo.com - April 27 at 7:01 PM |
 | Macatawa posts 1Q profit
marketbeat.com - April 27 at 6:47 PM |
| Macatawa Bank Corp. breached its 50 day moving average in a Bullish Manner : MCBC-US : April 25, 2017
finance.yahoo.com - April 25 at 10:15 AM |
| Macatawa Bank (MCBC) Earns Media Sentiment Score of 0.50
www.americanbankingnews.com - April 20 at 2:00 PM |
| Very Positive News Coverage Very Unlikely to Effect Macatawa Bank (MCBC) Stock Price
www.americanbankingnews.com - April 17 at 12:24 PM |
| Macatawa Bank Co. (MCBC) Given a $10.00 Price Target by Keefe, Bruyette & Woods Analysts
www.americanbankingnews.com - April 14 at 10:02 AM |
| Keefe, Bruyette & Woods Reiterates $10.00 Price Target for Macatawa Bank Co. (MCBC)
www.americanbankingnews.com - April 11 at 3:21 PM |
| MACATAWA BANK CORP Financials
finance.yahoo.com - February 22 at 6:36 PM |
 | 9:16 am Macatawa Bank Corporation appoints Craig A. Hankinson as Chief Operating Officer
us.rd.yahoo.com - February 2 at 12:17 AM |
 | Macatawa Bank Corporation Appoints Craig A. Hankinson as Chief Operating Officer
www.nasdaq.com - February 1 at 7:17 PM |
 | Macatawa Bank (MCBC) Names Craig A. Hankinson as COO
www.streetinsider.com - February 1 at 7:17 PM |
| 8:01 am Macatawa Bank raises dividend to $0.04/share from $0.03/share
finance.yahoo.com - January 30 at 7:09 PM |
 | Macatawa Bank Corporation Increases Quarterly Dividend
feeds.benzinga.com - January 30 at 8:12 AM |
| Macatawa Bank Corporation Reports Fourth Quarter and Full Year 2016 Results
us.rd.yahoo.com - January 26 at 8:26 PM |
| Coverage initiated on Macatawa Bank Corporation by Hovde Group
finance.yahoo.com - May 25 at 7:09 AM |
| MACATAWA BANK CORP Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
biz.yahoo.com - May 4 at 3:19 PM |
| MACATAWA BANK CORP Files SEC form 10-K, Annual Report
biz.yahoo.com - February 18 at 4:36 PM |
 | Macatawa Bank Chooses Vantiv Merchant Services Solutions
us.rd.yahoo.com - January 14 at 11:02 AM |
| Coney Named Macatawa Bank Downtown Holland Branch Manager
us.rd.yahoo.com - January 14 at 11:02 AM |
| MACATAWA BANK CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
us.rd.yahoo.com - January 14 at 11:02 AM |
| Macatawa Bank Corporation Reports Second Quarter 2015 Results
us.rd.yahoo.com - January 14 at 11:02 AM |
Macatawa Bank Corporation (MCBC) Chart for Monday, August, 21, 2017
