Macatawa Bank Corporation MCBC
Set alert
At close · Jul 31
52-week range unavailable
- Open
- 14.91
- Prev close
- 14.82
- Mkt cap
- 509.24M
- Vol
- 2.78M
- Avg vol
- 0
- EPS
- 0.00
- P/E
- 0.00
- Div yield
- 2.43%
More statistics
- Low
- 14.76
- High
- 15.16
- Forward P/E
- 11.86
- Beta
- 0.53
- Short ratio
- 0.87
- Inst. own
- 43.25%
- Dividend
- 0.36
- Ex-div date
- May 9, 2024
- Earnings
- Aug 8, 2024
- 50-d avg
- 14.35
- 200-d avg
- 11.79
- 1y target
- 15.00
1M chart
Signals (8)
| Name | Date | Ago |
|---|---|---|
| SMA: Bullish | Jul 30, 2024 | 2 years ago |
| SMA: Bearish | Jul 29, 2024 | 2 years ago |
| SMA: Bullish | Jul 25, 2024 | 2 years ago |
| SMA: Bearish | Jul 24, 2024 | 2 years ago |
| SMA: Bullish | Jul 22, 2024 | 2 years ago |
| SMA: Bearish | Jul 18, 2024 | 2 years ago |
| MACD: Sell Signal | Jul 18, 2024 | 2 years ago |
| RSI: Overbought | Jul 11, 2024 | 2 years ago |
Key statistics
- Market cap
- 509.24M
- Enterprise value
- 170.76M
- Trailing P/E
- 54.89
- Forward P/E
- 11.86
- PEG ratio
- 1.56
- Price / sales
- 4.92
- Price / book
- 1.74
- EPS (TTM)
- 0.27
- Beta
- 0.53
- Dividend yield
- 2.43%
- Payout ratio
- 125.93%
- Profit margin
- 39.60%
- Revenue (TTM)
- 103.58M
- Revenue growth
- -6.50%
- Free cash flow
- 0
- Total cash
- 364.03M
- Total debt
- 25.55M
- Return on equity
- 14.82%
- Shares outstanding
- 34.36M
- 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
News
- Macatawa Bank Corporation Announces Special Meeting Results
- MACATAWA BANK INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Macatawa Bank Corporation - MCBC
- MACATAWA BANK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Macatawa Bank Corporation - MCBC
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of Macatawa Bank Corp. - MCBC
- Macatawa Bank (MCBC) Q1 Earnings and Revenues Miss Estimates
- Macatawa Bank Corporation Declares Quarterly Dividend
- Macatawa Bank Corporation Reports First Quarter 2024 Results
- MACATAWA BANK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Macatawa Bank Corporation - MCBC
- Macatawa (MCBC) Moves 37.7% Higher: Will This Strength Last?
- Shareholder Alert: Ademi LLP investigates whether Macatawa Bank Corporation has obtained a Fair Price in its transaction with Wintrust
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 |