Macatawa Bank Corporation (MCBC)
NASDAQ: MCBC · IEX Real-Time Price · USD
13.85
+0.16 (1.17%)
At close: Apr 18, 2024, 4:00 PM
13.80
-0.05 (-0.36%)
After-hours: Apr 18, 2024, 6:21 PM EDT
Macatawa Bank Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Macatawa Bank stock has a target of 11, which predicts a decrease of -20.58% from the current stock price of 13.85.
Analyst Consensus: Strong Buy
* Price targets were last updated on Aug 30, 2023.
Analyst Ratings
According to 1 stock analyst, the rating for Macatawa Bank is "Strong Buy". This means that the analyst believes this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|
| Strong Buy | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 |
| Total | 1 | 1 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Janney Montgomery Scott | Janney Montgomery Scott | Strong Buy Initiates $11 | Strong Buy | Initiates | $11 | -20.58% | 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
109.88M
from 105.34M
Increased by 4.31%
Revenue Next Year
114.09M
from 109.88M
Increased by 3.83%
EPS This Year
1.26
from 1.26
Increased by 0.00%
EPS Next Year
1.31
from 1.26
Increased by 3.80%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 114.6M | 119.5M |
| Avg | 109.9M | 114.1M |
| Low | 104.2M | 107.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 8.8% | 8.7% |
| Avg | 4.3% | 3.8% |
| Low | -1.1% | -2.0% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 1.32 | 1.37 |
| Avg | 1.26 | 1.31 |
| Low | 1.17 | 1.22 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 5.0% | 8.3% |
| Avg | 0.0% | 3.8% |
| Low | -7.0% | -3.0% |
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.