NASDAQ:MCBC - Macatawa Bank Stock Price, Forecast & News

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

Macatawa Bank declared a quarterly dividend on Tuesday, January 28th. Investors of record on Tuesday, February 11th will be paid a dividend of $0.08 per share on Thursday, February 27th. This represents a $0.32 annualized dividend and a yield of 2.99%. The ex-dividend date is Monday, February 10th. This is an increase from Macatawa Bank's previous quarterly dividend of $0.07. View Macatawa Bank's Dividend History.

Macatawa Bank Co. (NASDAQ:MCBC) posted its quarterly earnings results on Thursday, January, 23rd. The financial services provider reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. The financial services provider earned $20.76 million during the quarter. Macatawa Bank had a net margin of 33.43% and a return on equity of 15.59%. View Macatawa Bank's Earnings History.

Macatawa Bank is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for Macatawa Bank.

Press coverage about MCBC stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Macatawa Bank earned a daily sentiment score of -1.8 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Macatawa Bank.

Macatawa Bank saw a decline in short interest during the month of January. As of January 31st, there was short interest totalling 191,400 shares, a decline of 26.7% from the January 15th total of 261,200 shares. Based on an average daily volume of 50,100 shares, the short-interest ratio is presently 3.8 days. Approximately 0.7% of the shares of the company are short sold. View Macatawa Bank's Current Options Chain.

Some companies that are related to Macatawa Bank include First Busey (BUSE), Seacoast Banking Co. of Florida (SBCF), S & T Bancorp (STBA), 1st Source (SRCE), Southside Bancshares (SBSI), Enterprise Financial Services (EFSC), Lakeland Financial (LKFN), TriCo Bancshares (TCBK), FB Financial (FBK), First Bancorp (FBNC), Triumph Bancorp (TBK), OFG Bancorp (OFG), Boston Private Financial (BPFH), Carolina Financial (CARO) and Preferred Bank (PFBC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Macatawa Bank investors own include Mercantile Bank (MBWM), Nokia Oyj (NOK), Weatherford International (WFT), People's United Financial (PBCT), Public Storage (PSA), AT&T (T), New York Community Bancorp (NYCB), Huntington Bancshares (HBAN), Walgreens Boots Alliance (WBA) and Freeport-McMoRan (FCX).

Macatawa Bank's stock is owned by many different of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (3.68%), State Street Corp (1.84%), Geode Capital Management LLC (0.93%), Acadian Asset Management LLC (0.83%), Bank of New York Mellon Corp (0.72%) and Panagora Asset Management Inc. (0.67%). Company insiders that own Macatawa Bank stock include Charles A Geenen, Jill A Walcott, Matthew D Hoeksema, Robert L Herr and Timothy J Doyle. View Institutional Ownership Trends for Macatawa Bank.

MCBC stock was sold by a variety of institutional investors in the last quarter, including Well Done LLC, Panagora Asset Management Inc., California Public Employees Retirement System, Chicago Equity Partners LLC, Cambridge Investment Research Advisors Inc. and Alliancebernstein L.P.. Company insiders that have sold Macatawa Bank company stock in the last year include Charles A Geenen and Jill A Walcott. View Insider Buying and Selling for Macatawa Bank.

MCBC stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, State Street Corp, Acadian Asset Management LLC, Bank of New York Mellon Corp, Zebra Capital Management LLC, Geode Capital Management LLC, Marshall Wace LLP and Wedge Capital Management L L P NC. Company insiders that have bought Macatawa Bank stock in the last two years include Matthew D Hoeksema, Robert L Herr and Timothy J Doyle. 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, Robinhood, Fidelity and Charles Schwab.

One share of MCBC stock can currently be purchased for approximately $10.71.

Macatawa Bank has a market capitalization of $364.78 million and generates $95.67 million in revenue each year. Macatawa Bank employs 292 workers across the globe.View Additional Information About Macatawa Bank.

The official website for Macatawa Bank is http://www.macatawabank.com/.

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]