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NASDAQ:MCBC

Macatawa Bank Stock Forecast, Price & News

$6.31
+0.04 (+0.64 %)
(As of 09/24/2020 04:44 PM ET)
Add
Compare
Today's Range
$6.27
Now: $6.31▼
$6.54
50-Day Range
$6.38
MA: $7.32▼
$7.80
52-Week Range
$6.01
Now: $6.31▼
$11.42
Volume97,400 shs
Average Volume87,965 shs
Market Capitalization$215.27 million
P/E Ratio7.09
Dividend Yield5.10%
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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Macatawa Bank logo

Beat the Market (BTM) Rank™

Analyst Opinion: 0.0Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 3.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.92 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 Ratio7.09
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$95.67 million
Price / Sales2.25
Cash Flow$0.89 per share
Price / Cash Flow7.09
Book Value$6.38 per share
Price / Book0.99

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$215.27 million
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$6.31
+0.04 (+0.64 %)
(As of 09/24/2020 04:44 PM 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 price been impacted by Coronavirus?

Macatawa Bank's stock was trading at $8.09 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MCBC shares have decreased by 22.0% and is now trading at $6.31.
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 data on Thursday, July, 23rd. The financial services provider reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.09. The financial services provider earned $20.90 million during the quarter, compared to the consensus estimate 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 declared a quarterly dividend on Monday, July 27th. Shareholders 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 annualized dividend and a dividend yield of 5.07%. The ex-dividend date is Monday, August 10th.
View Macatawa Bank's dividend history.

Are investors shorting Macatawa Bank?

Macatawa Bank saw a drop in short interest during the month of August. As of August 14th, there was short interest totaling 253,500 shares, a drop of 31.4% from the July 30th total of 369,800 shares. Based on an average trading volume of 84,600 shares, the short-interest ratio is currently 3.0 days. Currently, 1.0% of the company's stock 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 Oritani Financial (ORIT), Eagle Bancorp (EGBN), Veritex (VBTX), Southside Bancshares (SBSI), Stock Yards Bancorp (SYBT), FB Financial (FBK), 1st Source (SRCE), TriCo Bancshares (TCBK), Triumph Bancorp (TBK), German American Bancorp. (GABC), S & T Bancorp (STBA), Enterprise Financial Services (EFSC), Great Western Bancorp (GWB), First National Bank Alaska (FBAK) 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."

Who are Macatawa Bank's major shareholders?

Macatawa Bank's stock is owned by many different retail and institutional investors. Top institutional investors include Elizabeth Park Capital Advisors Ltd. (2.77%), Bank of New York Mellon Corp (0.67%), Siena Capital Partners GP LLC (0.63%), Bank of America Corp DE (0.50%), Assenagon Asset Management S.A. (0.47%) and Stifel Financial Corp (0.38%). 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.

Which institutional investors are selling Macatawa Bank stock?

MCBC stock was sold by a variety of institutional investors in the last quarter, including Elizabeth Park Capital Advisors Ltd., California Public Employees Retirement System, Engineers Gate Manager LP, New York State Common Retirement Fund, UBS Group AG, Stifel Financial Corp, Bank of New York Mellon Corp, and Grantham Mayo Van Otterloo & Co. LLC.
View insider buying and selling activity for Macatawa Bank.

Which institutional investors are buying Macatawa Bank stock?

MCBC stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Siena Capital Partners GP LLC, First Trust Advisors LP, Bank of America Corp DE, Russell Investments Group Ltd., SG Americas Securities LLC, WINTON GROUP Ltd, and 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.

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 $6.31.

How big of a company is Macatawa Bank?

Macatawa Bank has a market capitalization of $215.27 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 9/24/2020 by MarketBeat.com Staff
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