S&P 500   4,967.23
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Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
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Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
NASDAQ:MCBC

Macatawa Bank (MCBC) Stock Price, News & Analysis

$14.13
+0.28 (+2.02%)
(As of 04/19/2024 ET)
Today's Range
$13.72
$14.20
50-Day Range
$9.26
$14.13
52-Week Range
$8.31
$14.20
Volume
478,466 shs
Average Volume
116,566 shs
Market Capitalization
$485.54 million
P/E Ratio
11.21
Dividend Yield
2.55%
Price Target
$11.75

Macatawa Bank MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
16.8% Downside
$11.75 Price Target
Short Interest
Healthy
0.29% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.14mentions of Macatawa Bank in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.17%
From $1.26 to $1.30 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.39 out of 5 stars

Finance Sector

608th out of 845 stocks

State Commercial Banks Industry

146th out of 175 stocks

MCBC stock logo

About Macatawa Bank Stock (NASDAQ:MCBC)

Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that engages in the provision of 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, and brokerage services. In addition, it provides asset management, personal trust, and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. The company was incorporated in 1997 and is based in Holland, Michigan.

MCBC Stock Price History

MCBC Stock News Headlines

Q1 2024 Wintrust Financial Corp Earnings Call
Macatawa Bank (NASDAQ:MCBC) Downgraded by StockNews.com to Sell
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Macatawa Bank Co. (NASDAQ:MCBC) Short Interest Update
Macatawa Bank Corporation (MCBC)
Macatawa Bank Corp.
Macatawa Bank Corp MCBC
See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 2/28 Dividend
2/12/2024
Dividend Payable
2/28/2024
Today
4/19/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:MCBC
Employees
287
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$11.75
High Stock Price Target
$12.50
Low Stock Price Target
$11.00
Potential Upside/Downside
-16.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$43.22 million
Pretax Margin
40.64%

Debt

Sales & Book Value

Annual Sales
$104.26 million
Cash Flow
$1.31 per share
Book Value
$8.37 per share

Miscellaneous

Free Float
31,407,000
Market Cap
$485.54 million
Optionable
Optionable
Beta
0.67

Social Links

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Key Executives

  • Mr. Jon W. Swets (Age 59)
    CEO, President, Secretary & Director
    Comp: $384.52k
  • Mr. Craig A. Hankinson (Age 56)
    Chief Operating Officer
    Comp: $384.52k
  • Mr. Ronald L. Haan (Age 70)
    Director
    Comp: $559.06k
  • Mr. Bryan L. Barker
    Senior VP & CFO
  • Mr. Jeffrey A. Tatreau
    Senior VP & CTO
  • Ms. Jodi L. Sevigny
    Senior VP & Chief Marketing Officer
  • Leslie D. Leegwater
    VP & Human Resources Manager
  • Ms. Jill A. Walcott (Age 57)
    Senior VP & Chief Retail Banking Officer
    Comp: $250.79k
  • Mr. Jason M. Birchmeier
    Senior VP & Chief Credit Officer
  • Mr. Justin S. Van Beek
    Senior VP & Chief Risk Officer

MCBC Stock Analysis - Frequently Asked Questions

Should I buy or sell Macatawa Bank stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macatawa Bank in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MCBC shares.
View MCBC analyst ratings
or view top-rated stocks.

What is Macatawa Bank's stock price target for 2024?

2 brokerages have issued twelve-month target prices for Macatawa Bank's shares. Their MCBC share price targets range from $11.00 to $12.50. On average, they anticipate the company's share price to reach $11.75 in the next year. This suggests that the stock has a possible downside of 16.8%.
View analysts price targets for MCBC
or view top-rated stocks among Wall Street analysts.

How have MCBC shares performed in 2024?

Macatawa Bank's stock was trading at $11.28 on January 1st, 2024. Since then, MCBC shares have increased by 25.3% and is now trading at $14.13.
View the best growth stocks for 2024 here
.

Are investors shorting Macatawa Bank?

Macatawa Bank saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 75,800 shares, a drop of 43.8% from the March 15th total of 134,800 shares. Based on an average daily trading volume, of 62,900 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the company's shares are sold short.
View Macatawa Bank's Short Interest
.

When is Macatawa Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our MCBC earnings forecast
.

How were Macatawa Bank's earnings last quarter?

Macatawa Bank Co. (NASDAQ:MCBC) released its earnings results on Thursday, January, 25th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by $0.04. The financial services provider had revenue of $26.13 million for the quarter, compared to the consensus estimate of $26.90 million. Macatawa Bank had a trailing twelve-month return on equity of 15.99% and a net margin of 32.68%.

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

Macatawa Bank announced a quarterly dividend on Thursday, January 18th. Investors of record on Tuesday, February 13th will be given a dividend of $0.09 per share on Wednesday, February 28th. This represents a $0.36 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Monday, February 12th.
Read our dividend analysis for MCBC
.

Is Macatawa Bank a good dividend stock?

Macatawa Bank (NASDAQ:MCBC) pays an annual dividend of $0.36 per share and currently has a dividend yield of 3.63%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCBC will have a dividend payout ratio of 27.69% next year. This indicates that the company will be able to sustain or increase its dividend.
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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Macatawa Bank investors own include Mercantile Bank (MBWM), Nokia Oyj (NOK), AT&T (T), Weatherford International (WFT), Public Storage (PSA), Huntington Bancshares (HBAN), International Business Machines (IBM), New York Community Bancorp (NYCB) and Pfizer (PFE).

Who are Macatawa Bank's major shareholders?

Macatawa Bank's stock is owned by many different institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.36%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MCBC) was last updated on 4/20/2024 by MarketBeat.com Staff

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