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NASDAQ:MCBC

Macatawa Bank Stock Forecast, Price & News

$6.53
-0.01 (-0.15 %)
(As of 09/30/2020 12:00 AM ET)
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Today's Range
$6.46
Now: $6.53▼
$6.64
50-Day Range
$6.27
MA: $7.16▼
$7.80
52-Week Range
$6.01
Now: $6.53▼
$11.42
Volume60,758 shs
Average Volume87,451 shs
Market Capitalization$222.77 million
P/E Ratio7.34
Dividend Yield4.89%
Beta0.73
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.
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Beat the Market (BTM) Rank™

Analyst Opinion: 0.0Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 3.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.79 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:MCBC
Previous Symbol
CUSIPN/A
CIK1053584
Webwww.macatawabank.com
Phone616-820-1444

Debt

Debt-to-Equity Ratio0.40
Current Ratio0.95
Quick Ratio0.94

Price-To-Earnings

Trailing P/E Ratio7.34
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$95.67 million
Price / Sales2.33
Cash Flow$0.92 per share
Price / Cash Flow7.09
Book Value$6.38 per share
Price / Book1.02

Profitability

EPS (Most Recent Fiscal Year)$0.94
Net Income$31.98 million
Net Margins12.15%
Return on Equity13.77%
Return on Assets1.40%

Miscellaneous

Employees292
Outstanding Shares34,115,000
Market Cap$222.77 million
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$6.53
-0.01 (-0.15 %)
(As of 09/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Macatawa Bank (NASDAQ:MCBC) Frequently Asked Questions

How has Macatawa Bank's stock been impacted by COVID-19 (Coronavirus)?

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 19.3% and is now trading at $6.53.
View which stocks have been most impacted by COVID-19.

When is Macatawa Bank's next earnings date?

Macatawa Bank is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Macatawa Bank.

How were Macatawa Bank's earnings last quarter?

Macatawa Bank Co. (NASDAQ:MCBC) announced its quarterly earnings results on Thursday, July, 23rd. The financial services provider reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.09. The financial services provider earned $20.90 million during the quarter, compared to analyst estimates of $19 million. Macatawa Bank had a net margin of 12.15% and a return on equity of 13.77%.
View Macatawa Bank's earnings history.

How often does Macatawa Bank pay dividends? What is the dividend yield for Macatawa Bank?

Macatawa Bank announced a quarterly dividend on Monday, July 27th. Investors of record on Tuesday, August 11th will be given a dividend of $0.08 per share on Thursday, August 27th. This represents a $0.32 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Monday, August 10th.
View Macatawa Bank's dividend history.

Are investors shorting Macatawa Bank?

Macatawa Bank saw a decline in short interest in the month of August. As of August 14th, there was short interest totaling 253,500 shares, a decline of 31.4% from the July 30th total of 369,800 shares. Based on an average trading volume of 84,600 shares, the days-to-cover ratio is currently 3.0 days. Approximately 1.0% of the shares of the company are sold short.
View Macatawa Bank's Short Interest.

Who are some of Macatawa Bank's key competitors?

Some companies that are related to Macatawa Bank include First Busey (BUSE), Eagle Bancorp (EGBN), Veritex (VBTX), Oritani Financial (ORIT), Southside Bancshares (SBSI), FB Financial (FBK), 1st Source (SRCE), Triumph Bancorp (TBK), Stock Yards Bancorp (SYBT), TriCo Bancshares (TCBK), German American Bancorp. (GABC), Enterprise Financial Services (EFSC), S & T Bancorp (STBA), Great Western Bancorp (GWB) and OFG Bancorp (OFG).
View all competitors.

What other stocks do shareholders of Macatawa Bank own?

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), IBM (IBM), New York Community Bancorp (NYCB) and Pfizer (PFE).

Who are Macatawa Bank's key executives?

Macatawa Bank's management team includes the following people:
  • Mr. Ronald L. Haan, Pres, CEO & Director (Age 65)
  • Mr. Jon W. Swets, Sr. VP, CFO & Sec. (Age 54)
  • Mr. Craig A. Hankinson, Chief Operating Officer (Age 51)
  • Ms. Jill A. Walcott, Sr. VP & Chief Retail Banking Officer (Age 52)
  • Mr. Michael J. Shollack, Sr. VP & Chief Technology Officer

What is Macatawa Bank's stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is Macatawa Bank's stock price today?

One share of MCBC stock can currently be purchased for approximately $6.53.

How big of a company is Macatawa Bank?

Macatawa Bank has a market capitalization of $222.77 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.

What is Macatawa Bank's official website?

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

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]

This page was last updated on 10/1/2020 by MarketBeat.com Staff
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