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. The company also offers ATM and debit card processing, cash management, and trust and brokerage services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities through 26 branch offices, as well as a lending and operation service facility in Kent County, Ottawa County, and northern Allegan County, Michigan. Macatawa Bank Corporation was founded in 1997 and is headquartered in Holland, Michigan.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Phone616-820-1444
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$75.10 million
Profitability
Miscellaneous
Employees368
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 announced a quarterly dividend on Monday, October 29th. Stockholders of record on Tuesday, November 13th will be paid a dividend of $0.07 per share on Wednesday, November 28th. This represents a $0.28 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Friday, November 9th. This is a positive change from Macatawa Bank's previous quarterly dividend of $0.06. View Macatawa Bank's Dividend History.
How were Macatawa Bank's earnings last quarter?
Macatawa Bank Co. (NASDAQ:MCBC) announced its quarterly earnings data on Thursday, October, 25th. The financial services provider reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The financial services provider earned $19.66 million during the quarter, compared to analysts' expectations of $19.50 million. Macatawa Bank had a net margin of 25.87% and a return on equity of 13.50%. View Macatawa Bank's Earnings History.
When is Macatawa Bank's next earnings date?
What price target have analysts set for MCBC?
3 analysts have issued 1 year price targets for Macatawa Bank's shares. Their forecasts range from $13.00 to $36.00. On average, they expect Macatawa Bank's stock price to reach $20.6667 in the next twelve months. This suggests a possible upside of 110.5% from the stock's current price. View Analyst Price Targets for Macatawa Bank.
What is the consensus analysts' recommendation for Macatawa Bank?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macatawa Bank in the last year. There are currently 2 hold ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Macatawa Bank.
Has Macatawa Bank been receiving favorable news coverage?
News stories about MCBC stock have been trending somewhat negative on Monday, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Macatawa Bank earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future.
Who are some of Macatawa Bank's key competitors?
Some companies that are related to Macatawa Bank include First Busey (BUSE), Southside Bancshares (SBSI), FB Financial (FBK), 1st Source (SRCE), Lakeland Financial (LKFN), TriCo Bancshares (TCBK), First Bancorp (FBNC), Boston Private Financial (BPFH), Enterprise Financial Services (EFSC), OFG Bancorp (OFG), Washington Trust Bancorp (WASH), Origin Bancorp (OBNK), First National Bank Alaska (FBAK), Triumph Bancorp (TBK) and Republic Bancorp, Inc. KY (RBCAA).
Who are Macatawa Bank's key executives?
Macatawa Bank's management team includes the folowing people:
- Mr. Ronald L. Haan, Pres, CEO & Director (Age 64)
- Mr. Jon W. Swets, Sr. VP, CFO & Sec. (Age 53)
- Mr. Craig A. Hankinson, Chief Operating Officer (Age 50)
- Ms. Jill A. Walcott, Sr. VP (Age 51)
- Mr. Matthew D. Hoeksema, Sr. VP (Age 46)
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, Scottrade, Fidelity and Charles Schwab.
What is Macatawa Bank's stock price today?
One share of MCBC stock can currently be purchased for approximately $9.82.
How big of a company is Macatawa Bank?
Macatawa Bank has a market capitalization of $334.02 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.
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.
