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Macatawa Bank Corporation (MCBC)

Stock Price: $7.18 USD -0.04 (-0.55%)
Updated Aug 4, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 244.94M
Revenue (ttm) 81.28M
Net Income (ttm) 30.38M
Shares Out 34.11M
EPS (ttm) 0.89
PE Ratio 8.07
Forward PE n/a
Dividend $0.32
Dividend Yield 4.46%

Stock Quote

Trading Day Aug 4, 2020
Last Price $7.18
Previous Close $7.22
Change ($) -0.04
Change (%) -0.55%
Day's Open 7.17
Day's Range 7.10 - 7.20
Day's Volume 75,456
52-Week Range 6.01 - 11.42

More Stats

Market Cap 244.94M
Enterprise Value n/a
Earnings Date (est) Oct 22, 2020
Ex-Dividend Date May 11, 2020
Shares Outstanding 34.11M
Float 26.25M
EPS (basic) 0.89
EPS (diluted) 0.89
FCF / Share 0.83
Dividend $0.32
Dividend Yield 4.46%
Earnings Yield 12.40%
FCF Yield 11.57%
Payout Ratio 33.70%
Shares Short 437,448
Short Ratio 4.16
Short % of Float 1.60%
Beta 0.80
PE Ratio 8.07
Forward PE n/a
P/FCF Ratio 8.64
PS Ratio 3.01
PB Ratio 1.11
Revenue 81.28M
Operating Income 37.40M
Net Income 30.38M
Free Cash Flow 28.34M
Net Cash 369.39M
Net Cash / Share 10.83
Gross Margin 102.94%
Operating Margin 46.01%
Profit Margin 37.40%
FCF Margin 34.87%
ROA 1.37%
ROE 13.97%
ROIC 1.90%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (0)

Buy 0
Overweight 0
Hold 0
Underweight 0
Sell 0

Analyst Consensus: n/a

Price Target

$8.50*
(18.38% upside)
Low
8.00
Current: $7.18
High
9.00
Target: 8.50
*Average 12-month price target from 2 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue83.6776.6870.7167.9665.3760.9661.6770.1965.8946.13
Revenue Growth9.11%8.44%4.04%3.96%7.25%-1.16%-12.13%6.52%42.84%-
Gross Profit83.6776.6870.7167.9665.3760.9661.6770.1965.8946.13
Operating Income39.4432.3527.0322.1818.4215.0513.8217.235.83-16.55
Net Income31.9826.3816.2915.9512.7910.479.5535.495.83-17.85
Shares Outstanding34.0634.0133.9433.9233.8733.8027.2627.0827.0817.68
Earnings Per Share0.940.780.480.470.380.31-0.291.310.26-1.01
EPS Growth20.51%62.5%2.13%23.68%22.58%--403.85%--
Dividend Per Share0.280.250.180.120.110.08----
Dividend Growth12%38.89%50%9.09%37.5%-----
Operating Cash Flow29.7229.6422.7816.9314.0016.6216.3113.5012.1533.53
Capital Expenditures-0.70-1.280.554.1510.3710.7214.0918.0220.5117.63
Free Cash Flow29.0228.3523.3321.0824.3727.3430.4131.5232.6651.17
Cash & Equivalents27217116189.82201149182226243236
Total Debt80.62101133125137129131135191228
Net Cash / Debt19270.0528.11-35.5964.0720.1150.6691.6551.557.90
Assets2,0691,9751,8901,7411,7301,5841,5171,5611,5081,578
Liabilities1,8511,7841,7171,5791,5781,4411,3851,4301,4131,510
Book Value21719117316215214313313194.4367.84
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Macatawa Bank Corporation
Country United States
Employees 285
CEO Ronald L. Haan

Stock Information

Ticker Symbol MCBC
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: MCBC

Description

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; 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, ecommerce, and trust and brokerage services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. As of January 27, 2020, the company had 26 full-service branches in Kent, Ottawa, and northern Allegan counties, Michigan. Macatawa Bank Corporation was founded in 1997 and is headquartered in Holland, Michigan.