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

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

Macatawa Bank announced a quarterly dividend on Monday, July 30th. Investors of record on Tuesday, August 14th will be given a dividend of $0.06 per share on Wednesday, August 29th. This represents a $0.24 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Monday, August 13th. View Macatawa Bank's Dividend History.

Macatawa Bank Co. (NASDAQ:MCBC) announced its quarterly earnings results on Friday, July, 27th. The financial services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The financial services provider earned $19.12 million during the quarter, compared to the consensus estimate of $19.30 million. Macatawa Bank had a net margin of 24.45% and a return on equity of 12.57%. View Macatawa Bank's Earnings History.

Macatawa Bank is scheduled to release their next quarterly earnings announcement on Thursday, October, 25th 2018. View Earnings Estimates for Macatawa Bank.

2 brokerages have issued 12 month target prices for Macatawa Bank's stock. Their forecasts range from $13.00 to $13.00. On average, they anticipate Macatawa Bank's stock price to reach $13.00 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price. View Analyst Price Targets 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." View Analyst Ratings for Macatawa Bank.

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

News stories about MCBC stock have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Macatawa Bank earned a media and rumor sentiment score of 0.11 on Accern's scale. They also gave media headlines about the financial services provider an impact score of 46.39 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for Macatawa Bank.

Macatawa Bank's stock is owned by many different of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.39%), BlackRock Inc. (4.07%), Renaissance Technologies LLC (3.12%), Elizabeth Park Capital Advisors Ltd. (2.79%), Acadian Asset Management LLC (0.36%) and California Public Employees Retirement System (0.36%). View Institutional Ownership Trends for Macatawa Bank.

MCBC stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Russell Investments Group Ltd. and Chicago Equity Partners LLC. View Insider Buying and Selling for Macatawa Bank.

MCBC stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Acadian Asset Management LLC, American Century Companies Inc., Wedge Capital Management L L P NC, Elizabeth Park Capital Advisors Ltd., Macquarie Group Ltd. and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for 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.

One share of MCBC stock can currently be purchased for approximately $12.40.

Macatawa Bank has a market capitalization of $418.72 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]