NASDAQ:MCBCMacatawa Bank Stock Price, Forecast & News

Macatawa Bank's stock was trading at $8.09 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MCBC stock has decreased by 11.6% and is now trading at $7.15. View which stocks have been most impacted by Coronavirus.

Macatawa Bank is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Macatawa Bank.

Macatawa Bank Co. (NASDAQ:MCBC) released its quarterly earnings results on Thursday, April, 23rd. The financial services provider reported $0.19 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.17 by $0.02. The financial services provider had revenue of $20.26 million for the quarter. Macatawa Bank had a net margin of 12.20% and a return on equity of 14.33%. View Macatawa Bank's earnings history.

Macatawa Bank announced a quarterly dividend on Monday, April 27th. Investors of record on Tuesday, May 12th will be given a dividend of $0.08 per share on Thursday, May 28th. This represents a $0.32 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Monday, May 11th. View Macatawa Bank's dividend history.

Media headlines about MCBC stock have been trending extremely negative on Wednesday, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Macatawa Bank earned a daily sentiment score of -4.3 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the company's share price in the near future. View the latest news about Macatawa Bank.

Macatawa Bank saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 287,400 shares, an increase of 12.2% from the June 15th total of 256,100 shares. Based on an average trading volume of 107,400 shares, the short-interest ratio is currently 2.7 days. Currently, 1.1% of the shares of the stock are short sold. View Macatawa Bank's Current Options Chain.

Some companies that are related to Macatawa Bank include Seacoast Banking Co. of Florida (SBCF), First Busey (BUSE), S & T Bancorp (STBA), Southside Bancshares (SBSI), 1st Source (SRCE), Oritani Financial (ORIT), Stock Yards Bancorp (SYBT), TriCo Bancshares (TCBK), Veritex (VBTX), German American Bancorp. (GABC), Enterprise Financial Services (EFSC), Great Western Bancorp (GWB), FB Financial (FBK), First Foundation (FFWM) and First Bancorp (FBNC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Macatawa Bank investors own include Mercantile Bank (MBWM), Nokia Oyj (NOK), Weatherford International (WFT), IBM (IBM), People's United Financial (PBCT), KeyCorp (KEY), Pfizer (PFE), Public Storage (PSA), AT&T (T) and Walgreens Boots Alliance (WBA).

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

Macatawa Bank's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.19%). Company insiders that own Macatawa Bank stock include Charles A Geenen, Jill A Walcott, Robert L Herr and Timothy J Doyle. View institutional ownership trends for Macatawa Bank.

MCBC stock was acquired by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. Company insiders that have bought Macatawa Bank stock in the last two years include Robert L Herr, and Timothy J Doyle. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of MCBC stock can currently be purchased for approximately $7.15.

Macatawa Bank has a market capitalization of $243.87 million and generates $95.67 million in revenue each year. The financial services provider earns $31.98 million in net income (profit) each year or $0.94 on an earnings per share basis. Macatawa Bank employs 292 workers across the globe.

The official website for Macatawa Bank is www.macatawabank.com.

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]