NASDAQ:MCBC

Macatawa Bank - MCBC Stock Forecast, Price & News

$9.85

-0.06 (-0.61%)

(As of 08/17/2022 12:00 AM ET)

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Today's Range: $9.75
▼
$9.94
50-Day Range: $8.61
▼
$9.91
52-Week Range: $7.37
▼
$9.94

Volume: 19,592 shs
Average Volume: 63,350 shs
Market Capitalization: $337.39 million

P/E Ratio: 12.96
Dividend Yield: 3.23%
Price Target: N/A

Macatawa Bank MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.30% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.88
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.91 out of 5 stars

Finance Sector

765th out of 932 stocks

State Commercial Banks Industry

178th out of 194 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Macatawa Bank.

4.0

Short Interest

Percentage of Shares Shorted
1.30% of the float of Macatawa Bank has been sold short.
Short Interest Ratio / Days to Cover
Macatawa Bank has a short interest ratio ("days to cover") of 7.1.
Change versus previous month
Short interest in Macatawa Bank has recently decreased by 10.49%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Macatawa Bank pays a meaningful dividend of 3.23%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Macatawa Bank does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Macatawa Bank is 42.11%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MCBC.

3.3

News and Social Media Coverage

News Sentiment
Macatawa Bank has a news sentiment score of 1.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Macatawa Bank this week, compared to 0 articles on an average week.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Macatawa Bank insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 8.40% of the stock of Macatawa Bank is held by insiders.
Percentage Held by Institutions
Only 38.49% of the stock of Macatawa Bank is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Macatawa Bank is 12.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Macatawa Bank is 12.96, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 149.78.
Price to Book Value per Share Ratio
Macatawa Bank has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Macatawa Bank (NASDAQ:MCBC) Stock

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, multi-family, and other non-residential real estate loans; and residential mortgage loans, as well as 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, trust, and brokerage services. In addition, it provides fraud protection; collection services; disbursement solutions; fund management; and investment and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. As of December 31, 2021, the company had 26 full-service branches in Kent, Ottawa, and northern Allegan counties, Michigan. Macatawa Bank Corporation was incorporated in 1997 and is based in Holland, Michigan.

Macatawa Bank Price Performance

NASDAQ:MCBC traded down $0.07 during mid-day trading on Wednesday, hitting $9.84. The stock had a trading volume of 519 shares, compared to its average volume of 42,671. The firm's 50 day moving average is $9.07 and its 200 day moving average is $9.07. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $337.02 million, a price-to-earnings ratio of 13.04 and a beta of 0.69. Macatawa Bank has a twelve month low of $7.37 and a twelve month high of $9.93.

Macatawa Bank (NASDAQ:MCBC - Get Rating) last issued its earnings results on Thursday, July 28th. The financial services provider reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. Macatawa Bank had a net margin of 33.38% and a return on equity of 10.45%.

Macatawa Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Thursday, August 11th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, August 10th. This represents a $0.32 annualized dividend and a dividend yield of 3.25%. Macatawa Bank's dividend payout ratio is presently 42.11%.

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MCBC Stock News Headlines

August 9, 2022 | americanbankingnews.com

Macatawa Bank (NASDAQ:MCBC) Share Price Crosses Above 200 Day Moving Average of $9.04

August 5, 2022 | msn.com

Looking Into Macatawa Bank's Return On Capital Employed

August 5, 2022 | americanbankingnews.com

Reviewing Northeast Bank (NASDAQ:NBN) & Macatawa Bank (NASDAQ:MCBC)

August 2, 2022 | finance.yahoo.com

Macatawa Bank (NASDAQ:MCBC) Is Due To Pay A Dividend Of $0.08

July 28, 2022 | finance.yahoo.com

Macatawa Bank Corporation Reports Second Quarter 2022 Results

June 7, 2022 | finance.yahoo.com

A Macatawa Bank Corporation (NASDAQ:MCBC) insider increased their holdings by 13% last year

May 6, 2022 | benzinga.com

Macatawa Bank Earnings Perspective: Return On Capital Employed

April 29, 2022 | seekingalpha.com

Macatawa Bank declares $0.08 dividend

April 5, 2022 | finance.yahoo.com

The past three years for Macatawa Bank (NASDAQ:MCBC) investors has not been profitable

February 4, 2022 | benzinga.com

Tuesday Is Your Last Chance To Buy Macatawa Bank Before The Dividend Payout

February 4, 2022 | nasdaq.com

Should You Buy Macatawa Bank Corporation (NASDAQ:MCBC) For Its Upcoming Dividend?

February 4, 2022 | finance.yahoo.com

Macatawa Bank Corporation (NASDAQ:MCBC) Passed Our Checks, And It's About To Pay A US$0.08 Dividend

February 3, 2022 | au.finance.yahoo.com

Macatawa Bank Corporation Reports Fourth Quarter and Full Year 2021 Results

January 27, 2022 | benzinga.com

Recap: Macatawa Bank Q4 Earnings

January 27, 2022 | seekingalpha.com

Macatawa Bank GAAP EPS of $0.18, revenue of $18.17M

December 3, 2021 | nasdaq.com

Macatawa Bank's (NASDAQ:MCBC) investors will be pleased with their 2.3% return over the last five years

December 1, 2021 | finance.yahoo.com

Here's Why We Think Macatawa Bank (NASDAQ:MCBC) Is Well Worth Watching

October 4, 2021 | nasdaq.com

Here's What Macatawa Bank Corporation's (NASDAQ:MCBC) Shareholder Ownership Structure Looks Like

October 2, 2021 | finance.yahoo.com

Do Institutions Own Macatawa Bank Corporation (NASDAQ:MCBC) Shares?

August 9, 2021 | benzinga.com

Understanding Macatawa Bank's Ex-Dividend Date

August 3, 2021 | finance.yahoo.com

Macatawa Bank (NASDAQ:MCBC) Has Re-Affirmed Its Dividend Of US$0.08

July 26, 2021 | finance.yahoo.com

Would Shareholders Who Purchased Macatawa Bank's (NASDAQ:MCBC) Stock Three Years Be Happy With The Share price Today?

July 22, 2021 | sg.finance.yahoo.com

Macatawa Bank Corporation Reports Second Quarter 2021 Results

July 22, 2021 | finance.yahoo.com

Macatawa Bank Corporation Reports Second Quarter 2021 Results

July 5, 2021 | nasdaq.com

Macatawa Bank Corporation Common Stock (MCBC)

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MCBC Company Calendar

Ex-Dividend for 5/26 Dividend: 5/11/2022
Dividend Payable: 5/26/2022
Last Earnings: 7/28/2022
Ex-Dividend for 8/25 Dividend: 8/10/2022
Today: 8/18/2022
Dividend Payable: 8/25/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:MCBC
CUSIP: N/A
CIK: 1053584
Web: www.macatawabank.com
Phone: (616) 820-1444
Fax: 616-494-7644
Employees: 279
Year Founded: 1997

Profitability

EPS (Most Recent Fiscal Year): $0.76
Trailing P/E Ratio: 12.96
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $29.01 million
Net Margins: 33.38%
Pretax Margin: 41.08%
Return on Equity: 10.45%
Return on Assets: 0.90%

Debt

Debt-to-Equity Ratio: 0.12
Current Ratio: 0.74
Quick Ratio: 0.74

Sales & Book Value

Annual Sales: $82.33 million
Price / Sales: 4.10
Cash Flow: $0.93 per share
Price / Cash Flow: 10.56
Book Value: $7.10 per share
Price / Book: 1.39

Miscellaneous

Outstanding Shares: 34,253,000
Free Float: 31,376,000
Market Cap: $337.39 million
Optionable: Optionable
Beta: 0.69

Social Links

Key Executives

Mr. Ronald L. Haan (Age 68)
Pres, CEO & Director
Comp: $537.66k
Mr. Jon W. Swets (Age 57)
Sr. VP, CFO & Sec.
Comp: $368.12k
Mr. Craig A. Hankinson (Age 54)
Chief Operating Officer
Comp: $367.04k
Mr. Jeffrey A. Tatreau
Sr. VP & CTO
Ms. Jodi L. Sevigny
Sr. VP & Chief Marketing Officer
Leslie D. Leegwater
VP & HR Mang.
Ms. Jill A. Walcott (Age 55)
Sr. VP & Chief Retail Banking Officer
Mr. Jason M. Birchmeier
Sr. VP & Chief Credit Officer
Mr. Erich J. VanRavenswaay
Sr. VP & Chief Wealth Management Officer
Mr. Justin S. Van Beek
Sr. VP & Chief Risk Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MCBC Stock - Frequently Asked Questions

How have MCBC shares performed in 2022?: Macatawa Bank's stock was trading at $8.82 at the beginning of 2022. Since then, MCBC shares have increased by 11.7% and is now trading at $9.85.
View the best growth stocks for 2022 here.
When is Macatawa Bank's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our MCBC earnings forecast.
How were Macatawa Bank's earnings last quarter?: Macatawa Bank Co. (NASDAQ:MCBC) posted its earnings results on Thursday, July, 28th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. Macatawa Bank had a net margin of 33.38% and a trailing twelve-month return on equity of 10.45%.
How often does Macatawa Bank pay dividends? What is the dividend yield for Macatawa Bank?: Macatawa Bank announced a quarterly dividend on Thursday, July 28th. Stockholders of record on Thursday, August 11th will be paid a dividend of $0.08 per share on Thursday, August 25th. This represents a $0.32 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, August 10th.
Read our dividend analysis for MCBC.
Is Macatawa Bank a good dividend stock?: Macatawa Bank (NASDAQ:MCBC) pays an annual dividend of $0.32 per share and currently has a dividend yield of 3.23%. The dividend payout ratio is 42.11%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MCBC.
What is Ronald L. Haan's approval rating as Macatawa Bank's CEO?: 9 employees have rated Macatawa Bank Chief Executive Officer Ronald L. Haan on Glassdoor.com. Ronald L. Haan has an approval rating of 74% among the company's employees.

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), International Business Machines (IBM), New York Community Bancorp (NYCB) and Pfizer (PFE).
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 a variety of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (2.92%), Basswood Capital Management L.L.C. (2.18%), State Street Corp (1.44%), Siena Capital Partners GP LLC (1.28%), rhino investment partners Inc (1.21%) and Northern Trust Corp (0.68%). Insiders that own company stock include Robert L Herr, Thomas P Rosenbach and Timothy J Doyle.
View institutional ownership trends.
How do I buy shares of Macatawa Bank?: Shares of MCBC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Macatawa Bank's stock price today?: One share of MCBC stock can currently be purchased for approximately $9.85.
How much money does Macatawa Bank make?: Macatawa Bank (NASDAQ:MCBC) has a market capitalization of $337.39 million and generates $82.33 million in revenue each year. The financial services provider earns $29.01 million in net income (profit) each year or $0.76 on an earnings per share basis.
How many employees does Macatawa Bank have?: The company employs 279 workers across the globe.
When was Macatawa Bank founded?: Macatawa Bank was founded in 1997.
How can I contact Macatawa Bank?: Macatawa Bank's mailing address is 10753 MACATAWA DRIVE, HOLLAND MI, 49424. The official website for the company is www.macatawabank.com. The financial services provider can be reached via phone at (616) 820-1444, via email at jswets@macatawabank.com, or via fax at 616-494-7644.

This page (NASDAQ:MCBC) was last updated on 8/18/2022 by MarketBeat.com Staff

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Macatawa Bank - MCBC Stock Forecast, Price & News

Macatawa Bank MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month