Macatawa Bank Corporation (MCBC)
| Market Cap | 492.40M |
| Revenue (ttm) | 103.58M |
| Net Income (ttm) | 41.01M |
| Shares Out | 34.36M |
| EPS (ttm) | 1.20 |
| PE Ratio | 11.94 |
| Forward PE | 11.34 |
| Dividend | $0.36 (2.51%) |
| Ex-Dividend Date | Feb 12, 2024 |
| Volume | 199,345 |
| Open | 14.17 |
| Previous Close | 14.30 |
| Day's Range | 14.11 - 14.35 |
| 52-Week Range | 8.31 - 14.45 |
| Beta | 0.66 |
| Analysts | Strong Buy |
| Price Target | 11.00 (-23.24%) |
| Earnings Date | Apr 25, 2024 |
About MCBC
Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that engages in the provision of 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-fa... [Read more]
Financial Performance
In 2023, Macatawa Bank's revenue was $105.34 million, an increase of 15.39% compared to the previous year's $91.29 million. Earnings were $43.22 million, an increase of 24.45%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for MCBC stock is "Strong Buy" and the 12-month stock price forecast is $11.0.
News
Macatawa Bank Corporation Declares Quarterly Dividend
HOLLAND, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq: MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash divi...
Macatawa Bank Corporation Reports First Quarter 2024 Results
HOLLAND, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the fi...
MACATAWA BANK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Macatawa Bank Corporation - MCBC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of the sale of Maca...
Shareholder Alert: Ademi LLP investigates whether Macatawa Bank Corporation has obtained a Fair Price in its transaction with Wintrust
MILWAUKEE , April 16, 2024 /PRNewswire/ -- Ademi LLP is investigating Macatawa (Nasdaq: MCBC) for possible breaches of fiduciary duty and other violations of law in its transaction with Wintrust. Clic...
MCBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Macatawa Bank Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Macatawa Bank Corporation (NASDAQ: MCBC) to Wintrust Financial Corporation is fair to Mac...
Macatawa Bank Corporation Reports Fourth Quarter and Full Year 2023 Results
HOLLAND, Mich., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the fou...
Macatawa Bank Corporation Reports Third Quarter 2023 Results
HOLLAND, Mich., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the thi...
Macatawa Bank Corp. and Macatawa Bank Announce Leadership Transition
HOLLAND, Mich., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Macatawa Bank Corp. and Macatawa Bank today announced Ronald L. Haan will retire Nov. 1 after more than 18 years of leadership and service at Macatawa...
Macatawa Bank Corporation Reports Second Quarter 2023 Results
HOLLAND, Mich., July 27, 2023 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the sec...
Bank deposits rose slightly in first quarter despite noise around regional banks: S&P
Although more than two dozen U.S. banks saw their deposits decline by more than 5% in the first quarter, collectively all banks posted a tiny sequential increase despite concerns from investors, accor...
Macatawa Bank Corporation Reports First Quarter 2023 Results
HOLLAND, Mich., April 27, 2023 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the fi...
Macatawa Bank Corporation Reports Fourth Quarter and Full Year 2022 Results
HOLLAND, Mich., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the fou...
Macatawa Bank Corporation Reports Third Quarter 2022 Results
HOLLAND, Mich., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the thi...
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 sec...
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 fi...
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 fou...
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 thi...
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 sec...
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 fi...
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 fou...
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 thi...
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.
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 div...
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 div...
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 performanc...