Free Trial

Macatawa Bank (MCBC) Stock Forecast & Price Target

-0.08 (-0.57%)
(As of 05/29/2024 ET)

Macatawa Bank - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 3 Analyst Ratings

Consensus Price Target

-8.14% Downside
High Forecast$15.00
Average Forecast$12.83
Low Forecast$11.00
TypeCurrent Forecast
5/30/23 to 5/29/24
1 Month Ago
4/30/23 to 4/29/24
3 Months Ago
3/1/23 to 2/29/24
1 Year Ago
5/30/22 to 5/30/23
Consensus Rating
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$12.83$12.83$11.75N/A
Forecasted Upside-8.14% Downside10.89% Upside14.75% UpsideN/A
Get Macatawa Bank Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for MCBC and its competitors with MarketBeat's FREE daily newsletter.

MCBC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

MCBC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Macatawa Bank Stock vs. The Competition

TypeMacatawa BankFinance CompaniesS&P 500
Consensus Rating Score
Consensus RatingBuyHoldHold
Predicted Upside-8.07% Downside62.75% Upside12.21% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/29/2024Keefe, Bruyette & Woods
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeMarket Perform ➝ Outperform$12.00 ➝ $15.00+5.34%
12/20/2023Hovde Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeMarket Perform ➝ Outperform$11.00 ➝ $12.50+10.13%
8/30/2023Janney Montgomery Scott
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageBuy$11.00+20.48%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:17 PM ET.

MCBC Frequently Asked Questions

What is Macatawa Bank's stock forecast and purchase recommendation?

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Macatawa Bank is $12.83, with a high forecast of $15.00 and a low forecast of $11.00. The consensus rating for Macatawa Bank stock is Buy based on the current 3 buy ratings for MCBC. Learn more on MCBC's analyst rating history.

Do Wall Street analysts like Macatawa Bank more than its competitors?

Analysts like Macatawa Bank more than other "finance" companies. The consensus rating for Macatawa Bank is Buy while the average consensus rating for "finance" companies is Hold. Learn more on how MCBC compares to other companies.

Is Macatawa Bank being upgraded by Wall Street analysts?

Over the previous 90 days, Macatawa Bank's stock had 1 upgrade by analysts.

Does Macatawa Bank's stock price have much upside?

According to analysts, Macatawa Bank's stock has a predicted upside of 10.89% based on their 12-month stock forecasts.

What analysts cover Macatawa Bank?

Macatawa Bank has been rated by research analysts at Keefe, Bruyette & Woods in the past 90 days.

Stock Forecasts and Research Tools

This page (NASDAQ:MCBC) was last updated on 5/29/2024 by Staff

From Our Partners