Macatawa Bank Corporation (MCBC)

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...

• 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