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Macatawa Bank Corporation (MCBC)

Stock Price: $8.97 USD 0.20 (2.28%)
Updated Jan 22, 2021 4:00 PM EST - Market closed
Market Cap 305.89M
Revenue (ttm) 80.49M
Net Income (ttm) 29.34M
Shares Out 34.11M
EPS (ttm) 0.86
PE Ratio 10.43
Forward PE n/a
Dividend $0.32
Dividend Yield 3.57%
Trading Day January 22
Last Price $8.97
Previous Close $8.77
Change ($) 0.20
Change (%) 2.28%
Day's Open 8.71
Day's Range 8.70 - 8.97
Day's Volume 65,338
52-Week Range 6.16 - 10.47

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GlobeNewsWire - 2 months ago

HOLLAND, Mich., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq: MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly ca...

GlobeNewsWire - 3 months ago

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...

GlobeNewsWire - 6 months ago

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

Zacks Investment Research - 8 months ago

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 th...

GlobeNewsWire - 11 months ago

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 ...

Zacks Investment Research - 1 year ago

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

Zacks Investment Research - 1 year ago

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.

GlobeNewsWire - 1 year ago

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 ...

GlobeNewsWire - 1 year ago

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 pe...

Zacks Investment Research - 1 year ago

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?

Zacks Investment Research - 1 year ago

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.

Zacks Investment Research - 1 year ago

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

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

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

Zacks Investment Research - 1 year ago

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

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

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?

Zacks Investment Research - 1 year ago

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.

Zacks Investment Research - 1 year ago

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

Other stocks mentioned: ASB

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
CEO
Ronald L. Haan
Employees
285
Stock Exchange
NASDAQ
Ticker Symbol
MCBC
Full Company Profile

Financial Performance

In 2019, Macatawa Bank's revenue was $83.67 million, an increase of 9.11% compared to the previous year's $76.68 million. Earnings were $31.98 million, an increase of 21.23%.

Financial Statements

Analyst Forecasts

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 0.33% from the latest price.

Price Target
$9.00
(0.33% upside)
Analyst Consensus: Hold