NASDAQ:MCBC - Macatawa Bank Stock Price, Price Target & More

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

Macatawa Bank announced a quarterly dividend on Monday, April 30th. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.06 per share on Wednesday, May 30th. This represents a $0.24 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, May 14th. View Macatawa Bank's Dividend History.

Macatawa Bank Co. (NASDAQ:MCBC) posted its quarterly earnings data on Thursday, April, 26th. The financial services provider reported $0.17 EPS for the quarter, topping the Zacks' consensus estimate of $0.16 by $0.01. The financial services provider earned $18.31 million during the quarter. Macatawa Bank had a net margin of 22.79% and a return on equity of 11.61%. View Macatawa Bank's Earnings History.

Macatawa Bank is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for Macatawa Bank.

2 analysts have issued 1 year price objectives for Macatawa Bank's stock. Their predictions range from $11.00 to $13.00. On average, they expect Macatawa Bank's share price to reach $12.00 in the next twelve months. This suggests that the stock has a possible downside of 3.1%. View Analyst Ratings for Macatawa Bank.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macatawa Bank in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to Macatawa Bank include First Bancorp (FBP), First Busey (BUSE), S & T Bancorp (STBA), Seacoast Banking Co. of Florida (SBCF), 1st Source (SRCE), Boston Private Financial (BPFH), State Bank Financial (STBZ), Live Oak Bancshares (LOB), Enterprise Financial Services (EFSC), FB Financial (FBK), Lakeland Financial (LKFN), First Bancorp (FBNC), Southside Bancshares (SBSI), Triumph Bancorp (TBK) and MainSource Financial Group (MSFG).

Media coverage about MCBC stock has been trending positive recently, Accern reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Macatawa Bank earned a news impact score of 0.28 on Accern's scale. They also assigned media headlines about the financial services provider an impact score of 45.74 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

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.

One share of MCBC stock can currently be purchased for approximately $12.38.

Macatawa Bank has a market capitalization of $421.14 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.

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]