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Macatawa Bank Corporation (MCBC)

NASDAQ: MCBC · IEX Real-Time Price · USD
8.40 -0.05 (-0.59%)
Oct 25, 2021 4:00 PM EDT - Market closed
Market Cap287.22M
Revenue (ttm)85.46M
Net Income (ttm)31.71M
Shares Out34.19M
EPS (ttm)0.93
PE Ratio9.05
Forward PEn/a
Dividend$0.32 (3.81%)
Ex-Dividend DateAug 10, 2021
Volume54,214
Open8.42
Previous Close8.45
Day's Range8.40 - 8.46
52-Week Range6.61 - 10.47
Beta0.81
AnalystsHold
Price Target9.00 (+7.1%)
Est. Earnings DateOct 28, 2021

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 ...

IndustryBanks
Founded1997
Employees286
Stock ExchangeNASDAQ
Ticker SymbolMCBC
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 Forecast

According to 2 analysts, the average rating for Macatawa Bank stock is "Hold." The 12-month stock price forecast is 9.00, which is an increase of 7.14% from the latest price.

Price Target
$9.00
(7.14% upside)
Analyst Consensus: Hold

News

Macatawa Bank Corporation Declares Quarterly Dividend

HOLLAND, Mich., July 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 dividen...

2 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...

3 months ago - GlobeNewsWire

Macatawa Bank Corporation Declares Quarterly Dividend

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...

5 months 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...

6 months 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...

8 months ago - GlobeNewsWire

Macatawa Bank Corporation Declares Quarterly Dividend

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...

8 months 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.

1 year 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...

1 year 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...

1 year 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.

1 year 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.

1 year 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...

1 year 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?

2 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.

2 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
2 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.

2 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
2 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?

2 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.

2 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
2 years ago - Zacks Investment Research