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Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Biden's Plan to Confiscate Your Cash? (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Biden's Plan to Confiscate Your Cash? (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Biden's Plan to Confiscate Your Cash? (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)

Macatawa Bank - MCBC Stock Forecast, Price & News

$9.85
-0.06 (-0.61%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
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
1.88mentions of Macatawa Bank in the last 14 days
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

MCBC stock logo

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

Macatawa Bank declares $0.08 dividend
Recap: Macatawa Bank Q4 Earnings
Macatawa Bank GAAP EPS of $0.18, revenue of $18.17M
Understanding Macatawa Bank's Ex-Dividend Date
See More Headlines
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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

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:MCBC
Employees
279
Year Founded
1997

Profitability

Net Income
$29.01 million
Pretax Margin
41.08%

Debt

Sales & Book Value

Annual Sales
$82.33 million
Cash Flow
$0.93 per share
Book Value
$7.10 per share

Miscellaneous

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













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?
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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