NASDAQ:MCBC - Macatawa Bank Stock Price, Price Target & More

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$12.44 +0.07 (+0.57 %)
(As of 06/18/2018 04:00 PM ET)
Previous Close$12.37
Today's Range$12.20 - $12.48
52-Week Range$8.87 - $12.65
Volume28,300 shs
Average Volume35,147 shs
Market Capitalization$420.80 million
P/E Ratio21.33
Dividend Yield1.97%
Beta0.59

About Macatawa Bank (NASDAQ:MCBC)

Macatawa Bank logoMacatawa 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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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:MCBC
CUSIPN/A
Phone616-820-1444

Debt

Debt-to-Equity Ratio0.70
Current Ratio0.92
Quick Ratio0.92

Price-To-Earnings

Trailing P/E Ratio21.33
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$75.10 million
Price / Sales5.64
Cash Flow$0.6245 per share
Price / Cash19.92
Book Value$5.10 per share
Price / Book2.44

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$16.29 million
Net Margins22.79%
Return on Equity11.61%
Return on Assets1.10%

Miscellaneous

Employees368
Outstanding Shares34,020,000

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, April 30th. Shareholders of record on Tuesday, May 15th will be paid a dividend of $0.06 per share on Wednesday, May 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Monday, May 14th. View Macatawa Bank's Dividend History.

How were Macatawa Bank's earnings last quarter?

Macatawa Bank Co. (NASDAQ:MCBC) posted its quarterly earnings results on Thursday, April, 26th. The financial services provider reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The financial services provider earned $18.31 million during the quarter. Macatawa Bank had a net margin of 22.79% and a return on equity of 11.61%. View Macatawa Bank's Earnings History.

When is Macatawa Bank's next earnings date?

Macatawa Bank is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for Macatawa Bank.

What price target have analysts set for MCBC?

2 analysts have issued 12-month target prices for Macatawa Bank's shares. Their forecasts range from $10.00 to $11.00. On average, they expect Macatawa Bank's stock price to reach $10.50 in the next twelve months. View Analyst Ratings for Macatawa Bank.

Who are some of Macatawa Bank's key competitors?

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)

Has Macatawa Bank been receiving favorable news coverage?

Media headlines about MCBC stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Macatawa Bank earned a coverage optimism score of 0.05 on Accern's scale. They also gave headlines about the financial services provider an impact score of 47.46 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Who are Macatawa Bank's major shareholders?

Macatawa Bank's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.18%), BlackRock Inc. (3.77%), Elizabeth Park Capital Advisors Ltd. (2.70%), Banc Funds Co. LLC (1.79%), Millennium Management LLC (0.13%) and Russell Investments Group Ltd. (0.13%). View Institutional Ownership Trends for Macatawa Bank.

Which major investors are selling Macatawa Bank stock?

MCBC stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, BlackRock Inc. and Banc Funds Co. LLC. View Insider Buying and Selling for Macatawa Bank.

Which major investors are buying Macatawa Bank stock?

MCBC stock was bought by a variety of institutional investors in the last quarter, including Elizabeth Park Capital Advisors Ltd., Dimensional Fund Advisors LP, Russell Investments Group Ltd. and LSV Asset Management. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Macatawa Bank's stock price today?

One share of MCBC stock can currently be purchased for approximately $12.44.

How big of a company is Macatawa Bank?

Macatawa Bank has a market capitalization of $420.80 million and generates $75.10 million in revenue each year. Macatawa Bank employs 368 workers across the globe.

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 (MCBC)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  97 (Vote Outperform)
Underperform Votes:  136 (Vote Underperform)
Total Votes:  233
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.
This page was last updated on 6/18/2018 by MarketBeat.com Staff

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