Macatawa Bank Corporation (MCBC)
NASDAQ: MCBC · IEX Real-Time Price · USD
14.62
-0.01 (-0.07%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Macatawa Bank Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Macatawa Bank stock have an average target of 13, with a low estimate of 11 and a high estimate of 15. The average target predicts a decrease of -11.08% from the current stock price of 14.62.
Analyst Consensus: Strong Buy
* Price targets were last updated on Apr 29, 2024.
Analyst Ratings
The average analyst rating for Macatawa Bank stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
Rating | Mar '24 | Apr '24 | May '24 | Jun '24 |
---|---|---|---|---|
Strong Buy | 1 | 1 | 1 | 1 |
Buy | 0 | 1 | 1 | 1 |
Hold | 0 | 0 | 0 | 0 |
Sell | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 |
Total | 1 | 2 | 2 | 2 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold → Buy Upgrades $12 → $15 | Hold → Buy | Upgrades | $12 → $15 | +2.60% | Apr 29, 2024 |
Janney Montgomery Scott | Janney Montgomery Scott | Strong Buy Initiates $11 | Strong Buy | Initiates | $11 | -24.76% | Aug 30, 2023 |
Raymond James | Raymond James | Strong Buy Maintains n/a | Strong Buy | Maintains | n/a | n/a | Sep 7, 2018 |
Financial Forecast
Revenue This Year
107.09M
from 105.34M
Increased by 1.66%
Revenue Next Year
110.41M
from 107.09M
Increased by 3.10%
EPS This Year
1.21
from 1.26
Decreased by -3.95%
EPS Next Year
1.25
from 1.21
Increased by 3.24%
Revenue Forecast
Revenue | 2024 | 2025 |
---|---|---|
High | 110.2M | 113.7M |
Avg | 107.1M | 110.4M |
Low | 102.9M | 106.1M |
Revenue Growth
Revenue Growth | 2024 | 2025 |
---|---|---|
High | 4.7% | 6.1% |
Avg | 1.7% | 3.1% |
Low | -2.3% | -0.9% |
EPS Forecast
EPS | 2024 | 2025 |
---|---|---|
High | 1.25 | 1.31 |
Avg | 1.21 | 1.25 |
Low | 1.16 | 1.18 |
EPS Growth
EPS Growth | 2024 | 2025 |
---|---|---|
High | -0.8% | 8.5% |
Avg | -3.9% | 3.2% |
Low | -8.0% | -2.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.