Macatawa Bank Corporation MCBC
Day range unavailable
52-week range unavailable
- Market cap
- 509.24M
- Revenue (ttm)
- 103.58M
- Profit margin
- 39.60%
- Shares out
- 34.36M
- Forward P/E
- 11.86
- Dividend
- 0.36 (2.43%)
- Ex-dividend date
- May 9, 2024
- Beta
- 0.53
- Analysts
- Strong Buy
- Price target
- 15.00 (+1.2%)
- Earnings date
- Aug 8, 2024
Key statistics
- Enterprise value
- 170.76M
- PEG ratio
- 1.56
- Price / sales
- 4.92
- Price / book
- 1.74
- Dividend yield
- 2.43%
- Payout ratio
- 125.93%
- Revenue growth
- -6.50%
- Free cash flow
- 0
- Total cash
- 364.03M
- Total debt
- 25.55M
- Return on equity
- 14.82%
- Short % of float
- 0.61%
- 50-day average
- 14.35
- 200-day average
- 11.79
Analyst view
Consensus: strong buy
- Strong buy0
- Buy0
- Hold2
- Sell0
- Strong sell0
Next earnings
Aug 8, 2024
Expected Aug 8, 2024. Consensus EPS estimate 0.29.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Aug 8, 2024 | Jun 1, 2024 | 0.29 | — | — | — |
| Apr 25, 2024 | Mar 1, 2024 | 0.30 | — | — | — |
| Jan 25, 2024 | Dec 1, 2023 | 0.32 | — | — | — |
| Oct 26, 2023 | Sep 1, 2023 | 0.30 | — | — | — |
| Jul 27, 2023 | Jun 1, 2023 | 0.00 | — | — | — |
| Apr 27, 2023 | Mar 1, 2023 | 0.00 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 29, 2023 | Janney Montgomery Scott | init | — | Buy |
| Sep 6, 2018 | Raymond James | main | Strong Buy | Strong Buy |
| Jun 28, 2018 | DA Davidson | init | — | Neutral |
| Jul 31, 2016 | Keefe, Bruyette & Woods | main | — | Market Perform |
| Feb 1, 2015 | Keefe, Bruyette & Woods | main | — | Market Perform |
| Apr 27, 2014 | Keefe, Bruyette & Woods | up | Underperform | Market Perform |
About Macatawa Bank Corporation
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.
- Sector
- Financial Services
- Industry
- Banks—Regional
- Country
- United States
- Website
- macatawabank.com
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Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| GEENEN CHARLES A. | Director | Stock Award(Grant) | Nov 15, 2023 | 0 |
| HANKINSON CRAIG A | Chief Operating Officer | Stock Award(Grant) | Nov 15, 2023 | 81,742 |
| HERR ROBERT L | Director | Stock Award(Grant) | Nov 15, 2023 | 28,077 |
| KLOHS BIRGIT M | Director | Stock Award(Grant) | Nov 15, 2023 | 17,269 |
| LE ROY MICHAEL K | Director | Stock Award(Grant) | Nov 15, 2023 | 12,702 |
| PADNOS DOUGLAS B | Director | Stock Award(Grant) | Nov 15, 2023 | 135,868 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 4.52% | 1,549,575 | 14.38M | Jun 29, 2023 |
| Dimensional Fund Advisors LP | 4.49% | 1,539,310 | 14.28M | Jun 29, 2023 |
| Vanguard Group Inc | 4.10% | 1,405,404 | 13.04M | Jun 29, 2023 |
| Alliancebernstein L.P. | 4.05% | 1,389,881 | 12.90M | Jun 29, 2023 |
| Rhino Investment Partners, Inc. | 2.90% | 993,346 | 9.22M | Jun 29, 2023 |
| Renaissance Technologies, LLC | 2.53% | 866,159 | 8.04M | Jun 29, 2023 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 2.70% | 925,613 | 8.59M | Jun 29, 2023 |
| iShares Russell 2000 ETF | 1.82% | 624,754 | 5.72M | Aug 30, 2023 |
| DFA U.S. Targeted Value Portfolio | 1.06% | 362,029 | 3.57M | Jul 30, 2023 |
| Vanguard Extended Market Index Fund | 0.91% | 310,564 | 2.88M | Jun 29, 2023 |
| Keeley Small Cap Dividend Value Fund | 0.85% | 289,887 | 2.69M | Jun 29, 2023 |
| DFA U.S. Small Cap Series | 0.70% | 239,843 | 2.36M | Jul 30, 2023 |