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Macatawa Bank Corporation (MCBC)

Stock Price: $9.69 USD 0.29 (3.09%)
Updated May 13, 2021 4:00 PM EDT - Market closed
Market Cap 321.42M
Revenue (ttm) 83.98M
Net Income (ttm) 31.53M
Shares Out 34.20M
EPS (ttm) 0.92
PE Ratio 10.53
Forward PE n/a
Dividend $0.32
Dividend Yield 3.30%
Trading Day May 13
Last Price $9.69
Previous Close $9.40
Change ($) 0.29
Change (%) 3.09%
Day's Open 9.41
Day's Range 9.41 - 9.73
Day's Volume 58,664
52-Week Range 5.91 - 10.57

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HOLLAND, Mich., April 26, 2021 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq: MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash divide...

2 weeks ago - GlobeNewsWire

HOLLAND, Mich., April 22, 2021 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the firs...

3 weeks ago - GlobeNewsWire

HOLLAND, Mich., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the fourt...

3 months ago - GlobeNewsWire

HOLLAND, Mich., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq: MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividen...

3 months ago - GlobeNewsWire

HOLLAND, Mich., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the third...

6 months ago - GlobeNewsWire

HOLLAND, Mich., July 23, 2020 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC) today announced its results for the second quarter of 2020.

9 months ago - GlobeNewsWire

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

11 months ago - Zacks Investment Research

HOLLAND, Mich., Jan. 27, 2020 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq: MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash divid...

1 year ago - GlobeNewsWire

Is Macatawa Bank (MCBC) a great pick from the value investor's perspective right now? Read on to know more.

1 year ago - Zacks Investment Research

Macatawa Bank is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

1 year ago - Zacks Investment Research

HOLLAND, Mich., Oct. 28, 2019 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq: MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash divid...

1 year ago - GlobeNewsWire

HOLLAND, Mich., Oct. 24, 2019 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC) today announced its results for the third quarter of 2019, reflecting continued strong financial performance.

1 year ago - GlobeNewsWire

Macatawa (MCBC) delivered earnings and revenue surprises of 14.29% and 2.70%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Macatawa (MCBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 year ago - Zacks Investment Research

MCBC vs. CBSH: Which Stock Is the Better Value Option?

Other stocks mentioned: CBSH
1 year ago - Zacks Investment Research

Let's see if Macatawa Bank (MCBC) stock is a good choice for value-oriented investors right now from multiple angles.

1 year ago - Zacks Investment Research

MCBC vs. CBSH: Which Stock Is the Better Value Option?

Other stocks mentioned: CBSH
1 year ago - Zacks Investment Research

Macatawa (MCBC) delivered earnings and revenue surprises of 10.00% and 0.73%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

2 years ago - Zacks Investment Research

Macatawa (MCBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 years ago - Zacks Investment Research

ASB vs. MCBC: Which Stock Is the Better Value Option?

Other stocks mentioned: ASB
2 years ago - Zacks Investment Research

About MCBC

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 ... [Read more...]

Industry
Banks-Regional
Founded
1997
Stock Exchange
NASDAQ
Ticker Symbol
MCBC
Full Company Profile

Financial Performance

In 2020, Macatawa Bank's revenue was $82.51 million, a decrease of -1.38% compared to the previous year's $83.67 million. Earnings were $30.17 million, a decrease of -5.67%.

Financial Statements

Analyst Forecasts

According to 2 analysts, the average rating for Macatawa Bank stock is "Hold." The 12-month stock price forecast is 10.00, which is an increase of 3.20% from the latest price.

Price Target
$10.00
(3.20% upside)
Analyst Consensus: Hold