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NASDAQ:MCBCMacatawa Bank Stock Price, Forecast & News

$7.19
-0.01 (-0.14 %)
(As of 06/3/2020 04:00 PM ET)
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Today's Range
$7.11
Now: $7.19
$7.44
50-Day Range
$6.42
MA: $7.12
$8.15
52-Week Range
$6.01
Now: $7.19
$11.42
Volume81,700 shs
Average Volume94,717 shs
Market Capitalization$245.24 million
P/E Ratio7.90
Dividend Yield4.45%
Beta0.78
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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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.36 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$95.67 million
Cash Flow$1.00 per share
Book Value$6.38 per share

Profitability

Net Income$31.98 million

Miscellaneous

Employees292
Market Cap$245.24 million
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Macatawa Bank (NASDAQ:MCBC) Frequently Asked Questions

How has Macatawa Bank's stock been impacted by COVID-19 (Coronavirus)?

Macatawa Bank's stock was trading at $8.09 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MCBC stock has decreased by 11.1% and is now trading at $7.19. View which stocks have been most impacted by Coronavirus.

When is Macatawa Bank's next earnings date?

Macatawa Bank is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Macatawa Bank.

How were Macatawa Bank's earnings last quarter?

Macatawa Bank Co. (NASDAQ:MCBC) issued its earnings results on Thursday, April, 23rd. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.17 by $0.02. The financial services provider earned $20.26 million during the quarter. Macatawa Bank had a net margin of 12.20% and a return on equity of 14.33%. View Macatawa Bank's earnings history.

How often does Macatawa Bank pay dividends? What is the dividend yield for Macatawa Bank?

Macatawa Bank announced a quarterly dividend on Monday, April 27th. Shareholders of record on Tuesday, May 12th will be given a dividend of $0.08 per share on Thursday, May 28th. This represents a $0.32 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Monday, May 11th. View Macatawa Bank's dividend history.

Has Macatawa Bank been receiving favorable news coverage?

Media headlines about MCBC stock have been trending very negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Macatawa Bank earned a coverage optimism score of -3.0 on InfoTrie's scale. They also assigned 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 stock's share price in the next several days. View the latest news aboutMacatawa Bank.

Are investors shorting Macatawa Bank?

Macatawa Bank saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 151,000 shares, a decline of 29.3% from the April 30th total of 213,500 shares. Based on an average daily trading volume, of 108,100 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.6% of the company's stock are sold short. View Macatawa Bank's Current Options Chain.

Who are some of Macatawa Bank's key 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), Weatherford International (WFT), IBM (IBM), People's United Financial (PBCT), KeyCorp (KEY), Pfizer (PFE), Public Storage (PSA), AT&T (T) and Walgreens Boots Alliance (WBA).

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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.42%), Elizabeth Park Capital Advisors Ltd. (2.99%), State Street Corp (1.77%), Acadian Asset Management LLC (1.20%), Geode Capital Management LLC (1.03%) and Bank of New York Mellon Corp (0.68%). 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 major 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., Morgan Stanley, State Street Corp, Grantham Mayo Van Otterloo & Co. LLC, UBS Group AG, Bank of New York Mellon Corp, Wells Fargo & Company MN, and Deutsche Bank AG. View insider buying and selling activity 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 Acadian Asset Management LLC, Siena Capital Partners GP LLC, JPMorgan Chase & Co., BHZ Capital Management LP, Martingale Asset Management L P, First Quadrant L P CA, Bessemer Group Inc., and Los Angeles Capital Management & Equity Research Inc.. 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 $7.19.

How big of a company is Macatawa Bank?

Macatawa Bank has a market capitalization of $245.24 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 6/4/2020 by MarketBeat.com Staff

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