Macatawa Bank - MCBC Stock Forecast, Price & News

Macatawa Bank's stock was trading at $11.03 at the start of the year. Since then, MCBC shares have decreased by 8.0% and is now trading at $10.15.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our MCBC earnings forecast.

Macatawa Bank Co. (NASDAQ:MCBC) issued its earnings results on Wednesday, October, 27th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.01. The financial services provider had revenue of $19.94 million for the quarter. Macatawa Bank had a net margin of 36.59% and a trailing twelve-month return on equity of 14.29%.

Macatawa Bank declared a quarterly dividend on Thursday, January 26th. Investors of record on Monday, February 13th will be given a dividend of $0.08 per share on Tuesday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Friday, February 10th.
Read our dividend analysis for MCBC.

Vanguard U.S. Minimum Volatility ETF holds 3,052 shares of MCBC stock, representing 0.04% of its portfolio.

Macatawa Bank (NASDAQ:MCBC) pays an annual dividend of $0.32 per share and currently has a dividend yield of 3.16%. The dividend payout ratio is 31.68%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MCBC.

9 employees have rated Macatawa Bank Chief Executive Officer Ronald L. Haan on Glassdoor.com. Ronald L. Haan has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Macatawa Bank investors own include Mercantile Bank (MBWM), Nokia Oyj (NOK), AT&T (T), Weatherford International (WFT), People's United Financial (PBCT), Public Storage (PSA), Huntington Bancshares (HBAN), International Business Machines (IBM), New York Community Bancorp (NYCB) and Pfizer (PFE).

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

Macatawa Bank's stock is owned by many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.48%), rhino investment partners Inc (3.28%), Renaissance Technologies LLC (2.60%), Alliancebernstein L.P. (2.40%), Morgan Stanley (1.57%) and Geode Capital Management LLC (1.35%). Insiders that own company stock include Thomas P Rosenbach and Timothy J Doyle.
View institutional ownership trends.

Shares of MCBC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MCBC stock can currently be purchased for approximately $10.15.

Macatawa Bank (NASDAQ:MCBC) has a market capitalization of $348.15 million and generates $94.93 million in revenue each year. The financial services provider earns $34.73 million in net income (profit) each year or $1.01 on an earnings per share basis.

The company employs 279 workers across the globe.

Macatawa Bank's mailing address is 10753 MACATAWA DRIVE, HOLLAND MI, 49424. The official website for the company is www.macatawabank.com. The financial services provider can be reached via phone at (616) 820-1444, via email at jswets@macatawabank.com, or via fax at 616-494-7644.