Macatawa Bank Corporation (MCBC)

NASDAQ: MCBC · IEX Real-Time Price · USD
9.35
-0.12 (-1.27%)
Sep 27, 2022 4:00 PM EDT - Market closed
-1.27%
Market Cap 320.27M
Revenue (ttm) 78.51M
Net Income (ttm) 25.99M
Shares Out 34.25M
EPS (ttm) 0.76
PE Ratio 12.30
Forward PE n/a
Dividend $0.32 (3.42%)
Ex-Dividend Date Aug 10, 2022
Volume 19,721
Open 9.50
Previous Close 9.47
Day's Range 9.32 - 9.52
52-Week Range 7.93 - 10.28
Beta 0.66
Analysts Sell
Price Target 10.46 (+11.9%)
Earnings Date Oct 26, 2022

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, multi-family, and other non... [Read more...]

Industry Banks
Founded 1997
Employees 279
Stock Exchange NASDAQ
Ticker Symbol MCBC
Full Company Profile

Financial Performance

In 2021, Macatawa Bank's revenue was $81.81 million, a decrease of -0.85% compared to the previous year's $82.51 million. Earnings were $29.01 million, a decrease of -3.82%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for MCBC stock is "Sell." The 12-month stock price forecast is 10.46, which is an increase of 11.87% from the latest price.

Price Target
$10.46
(11.87% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Macatawa Bank Corporation Declares Quarterly Dividend

HOLLAND, Mich., July 28, 2022 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq: MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividen...

1 month ago - GlobeNewsWire

Macatawa Bank Corporation Reports Second Quarter 2022 Results

HOLLAND, Mich., July 28, 2022 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the secon...

1 month ago - GlobeNewsWire

7 Cheap Retirement Stocks to Buy Right Now

With the volatile markets providing steep discounts across the board, long-term buyers should consider these cheap retirement stocks. The post 7 Cheap Retirement Stocks to Buy Right Now appeared first o...

Other symbols: GMLEGLYBOCSLPRUWMT
2 months ago - InvestorPlace

Macatawa Bank Corporation Reports First Quarter 2022 Results

HOLLAND, Mich., April 28, 2022 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the firs...

4 months ago - GlobeNewsWire

Macatawa Bank Corporation Reports Fourth Quarter and Full Year 2021 Results

HOLLAND, Mich., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the fourt...

8 months ago - GlobeNewsWire

Macatawa Bank Corporation Reports Third Quarter 2021 Results

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

10 months ago - GlobeNewsWire

Macatawa Bank Corporation Reports Second Quarter 2021 Results

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

1 year ago - GlobeNewsWire

Macatawa Bank Corporation Reports First Quarter 2021 Results

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...

1 year ago - GlobeNewsWire

Macatawa Bank Corporation Reports Fourth Quarter and Full Year 2020 Results

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...

1 year ago - GlobeNewsWire

Macatawa Bank Corporation Reports Third Quarter 2020 Results

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...

1 year ago - GlobeNewsWire

Macatawa Bank Corporation Reports Second Quarter 2020 Results

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

2 years ago - GlobeNewsWire

Should Value Investors Buy Macatawa Bank (MCBC) Stock?

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...

2 years ago - Zacks Investment Research

Macatawa Bank Corporation Declares Quarterly Dividend

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...

2 years ago - GlobeNewsWire

Should Value Investors Pick Macatawa Bank (MCBC) Stock?

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

2 years ago - Zacks Investment Research

Moving Average Crossover Alert: Macatawa Bank

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.

2 years ago - Zacks Investment Research

Macatawa Bank Corporation Declares Quarterly Dividend

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...

2 years ago - GlobeNewsWire

Macatawa Bank Corporation Reports Third Quarter 2019 Results

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.

2 years ago - GlobeNewsWire

Macatawa Bank (MCBC) Q2 Earnings and Revenues Surpass Estimates

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?

3 years ago - Zacks Investment Research

Macatawa Bank (MCBC) Earnings Expected to Grow: What to Know Ahead of Q2 Release

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.

3 years ago - Zacks Investment Research

MCBC vs. CBSH: Which Stock Should Value Investors Buy Now?

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

Other symbols: CBSH
3 years ago - Zacks Investment Research

Is Macatawa Bank (MCBC) a Great Pick for Value Investors?

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

3 years ago - Zacks Investment Research

MCBC or CBSH: Which Is the Better Value Stock Right Now?

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

Other symbols: CBSH
3 years ago - Zacks Investment Research

Macatawa Bank (MCBC) Beats Q1 Earnings and Revenue Estimates

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?

3 years ago - Zacks Investment Research

Macatawa Bank (MCBC) Earnings Expected to Grow: What to Know Ahead of Q1 Release

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.

3 years ago - Zacks Investment Research

ASB vs. MCBC: Which Stock Should Value Investors Buy Now?

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

Other symbols: ASB
3 years ago - Zacks Investment Research