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.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Phone616-820-1444
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$86.54 million
Profitability
Miscellaneous
Employees368
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable
Macatawa Bank (NASDAQ:MCBC) Frequently Asked Questions
What is Macatawa Bank's stock symbol?
Macatawa Bank trades on the NASDAQ under the ticker symbol "MCBC."
How often does Macatawa Bank pay dividends? What is the dividend yield for Macatawa Bank?
Macatawa Bank declared a quarterly dividend on Monday, January 28th. Stockholders of record on Tuesday, February 12th will be paid a dividend of $0.07 per share on Wednesday, February 27th. This represents a $0.28 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Monday, February 11th. View Macatawa Bank's Dividend History.
How were Macatawa Bank's earnings last quarter?
Macatawa Bank Co. (NASDAQ:MCBC) posted its quarterly earnings results on Thursday, January, 24th. The financial services provider reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The financial services provider earned $20.03 million during the quarter, compared to analysts' expectations of $19.70 million. Macatawa Bank had a return on equity of 14.46% and a net margin of 30.48%. View Macatawa Bank's Earnings History.
When is Macatawa Bank's next earnings date?
What price target have analysts set for MCBC?
3 brokerages have issued twelve-month price objectives for Macatawa Bank's shares. Their predictions range from $13.00 to $36.00. On average, they expect Macatawa Bank's stock price to reach $20.6667 in the next year. This suggests a possible upside of 91.4% from the stock's current price. View Analyst Price Targets for Macatawa Bank.
What is the consensus analysts' recommendation for Macatawa Bank?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macatawa Bank in the last year. There are currently 2 hold ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Macatawa Bank.
Has Macatawa Bank been receiving favorable news coverage?
Media coverage about MCBC stock has trended somewhat negative recently, InfoTrie reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Macatawa Bank earned a daily sentiment score of -1.5 on InfoTrie's scale. They also assigned media stories 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 impact on the stock's share price in the immediate future.
Who are some of Macatawa Bank's key competitors?
Some companies that are related to Macatawa Bank include S & T Bancorp (STBA), Seacoast Banking Co. of Florida (SBCF), First Busey (BUSE), 1st Source (SRCE), Southside Bancshares (SBSI), Lakeland Financial (LKFN), TriCo Bancshares (TCBK), First Bancorp (FBNC), FB Financial (FBK), Enterprise Financial Services (EFSC), OFG Bancorp (OFG), Boston Private Financial (BPFH), Republic Bancorp, Inc. KY (RBCAA), Washington Trust Bancorp (WASH) and Triumph Bancorp (TBK).
What other stocks do shareholders of Macatawa Bank own?
Who are Macatawa Bank's key executives?
Macatawa Bank's management team includes the folowing 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 (Age 52)
- Michael J. Shollack, Sr. VP & Chief Technology Officer
Who are Macatawa Bank's major shareholders?
Macatawa Bank's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.60%), BlackRock Inc. (4.26%), Claybrook Capital LLC (2.01%), Banc Funds Co. LLC (1.15%), Northern Trust Corp (0.88%) and Geode Capital Management LLC (0.67%). Company insiders that own Macatawa Bank stock include Jill A Walcott, Matthew D Hoeksema and Robert L Herr. 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 Banc Funds Co. LLC, Millennium Management LLC, MetLife Investment Advisors LLC, Stone Ridge Asset Management LLC, Raymond James & Associates, Two Sigma Advisers LP and Northern Trust Corp. View Insider Buying and Selling for Macatawa Bank.
Which major investors are buying Macatawa Bank stock?
MCBC stock was acquired by a variety of institutional investors in the last quarter, including Claybrook Capital LLC, Dimensional Fund Advisors LP, Acadian Asset Management LLC, Two Sigma Investments LP, Advisor Group Inc., Geode Capital Management LLC, BlackRock Inc. and Rhumbline Advisers. Company insiders that have bought Macatawa Bank stock in the last two years include Matthew D Hoeksema and Robert L Herr. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Macatawa Bank's stock price today?
One share of MCBC stock can currently be purchased for approximately $10.80.
How big of a company is Macatawa Bank?
Macatawa Bank has a market capitalization of $367.66 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 368 workers across the globe.
What is Macatawa Bank's official website?
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]
MarketBeat Community Rating for Macatawa Bank (NASDAQ MCBC)
MarketBeat's community ratings are surveys of what our community members think about Macatawa Bank and other stocks. Vote "Outperform" if you believe MCBC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MCBC will underperform the S&P 500 over the long term. You may vote once every thirty days.
