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 Monday, October 28th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.07 per share on Wednesday, November 27th. This represents a $0.28 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, November 8th. View Macatawa Bank's Dividend History.

Macatawa Bank Co. (NASDAQ:MCBC) issued its quarterly earnings results on Thursday, January, 23rd. The financial services provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. The financial services provider had revenue of $20.76 million for the quarter. Macatawa Bank had a net margin of 32.46% and a return on equity of 15.31%. 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.

Media coverage about MCBC stock has trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Macatawa Bank earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Macatawa Bank.

Macatawa Bank saw a increase in short interest in December. As of December 31st, there was short interest totalling 261,200 shares, an increase of 6.9% from the December 15th total of 244,300 shares. Based on an average trading volume of 45,300 shares, the days-to-cover ratio is presently 5.8 days. Currently, 1.0% of the company's stock are sold short. View Macatawa Bank's Current Options Chain.

Some companies that are related to Macatawa Bank include S & T Bancorp (STBA), 1st Source (SRCE), Lakeland Financial (LKFN), Southside Bancshares (SBSI), Enterprise Financial Services (EFSC), FB Financial (FBK), TriCo Bancshares (TCBK), OFG Bancorp (OFG), First Bancorp (FBNC), Carolina Financial (CARO), Triumph Bancorp (TBK), Boston Private Financial (BPFH), German American Bancorp. (GABC), Republic Bancorp, Inc. KY (RBCAA) 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 a variety of of retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.16%) and Campbell & CO Investment Adviser LLC (0.05%). 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 purchased by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC and Campbell & CO Investment Adviser LLC. 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 $10.87.

Macatawa Bank has a market capitalization of $370.23 million and generates $86.54 million in revenue each year. The financial services provider earns $26.37 million in net income (profit) each year or $0.78 on an earnings per share basis. 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]