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

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

Macatawa Bank announced a quarterly dividend on Monday, April 30th. Stockholders 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 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, May 14th. View Macatawa Bank's Dividend History.

Macatawa Bank Co. (NASDAQ:MCBC) released its quarterly earnings data on Thursday, April, 26th. The financial services provider reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates 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.

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

2 brokers have issued 1 year price targets for Macatawa Bank's shares. Their forecasts range from $10.00 to $11.00. On average, they expect Macatawa Bank's share price to reach $10.50 in the next twelve months. View Analyst Ratings for Macatawa Bank.

Some companies that are related to Macatawa Bank include First Busey (BUSE), S & T Bancorp (STBA), Seacoast Banking Co. of Florida (SBCF), 1st Source (SRCE), Boston Private Financial (BPFH), State Bank Financial (STBZ), FB Financial (FBK), Enterprise Financial Services (EFSC), Lakeland Financial (LKFN), First Bancorp (FBNC), Live Oak Bancshares (LOB), Southside Bancshares (SBSI), Triumph Bancorp (TBK), Washington Trust Bancorp (WASH) and MainSource Financial Group (MSFG).

Headlines about MCBC stock have trended somewhat positive this week, Accern reports. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Macatawa Bank earned a news sentiment score of 0.20 on Accern's scale. They also gave headlines about the financial services provider an impact score of 45.42 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

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.

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.

MCBC stock was acquired 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.

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.

One share of MCBC stock can currently be purchased for approximately $12.77.

Macatawa Bank has a market capitalization of $419.44 million and generates $75.10 million in revenue each year. Macatawa Bank employs 368 workers across the globe.

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]