Macatawa Bank Corporation (MCBC)

NASDAQ: MCBC · IEX Real-Time Price · USD
9.79
+0.09 (0.93%)
At close: Mar 28, 2024, 4:00 PM
9.91
+0.12 (1.23%)
After-hours: Mar 28, 2024, 4:58 PM EDT

Total Valuation

Macatawa Bank has a market cap or net worth of $333.31 million. The enterprise value is -$87.04 million.

Market Cap 333.31M
Enterprise Value -87.04M

Important Dates

The last earnings date was Thursday, January 26, 2023, after market close.

Earnings Date Jan 26, 2023
Ex-Dividend Date Feb 12, 2024

Share Statistics

Macatawa Bank has 34.36 million shares outstanding. The number of shares has increased by 0.13% in one year.

Shares Outstanding 34.36M
Shares Change (YoY) +0.13%
Shares Change (QoQ) n/a
Owned by Insiders (%) 22.78%
Owned by Institutions (%) 43.07%
Float 26.44M

Valuation Ratios

The trailing PE ratio is 7.77 and the forward PE ratio is 7.74. Macatawa Bank's PEG ratio is 4.62.

PE Ratio 7.77
Forward PE 7.74
PS Ratio 3.16
Forward PS 3.03
PB Ratio 1.16
P/FCF Ratio 7.24
PEG Ratio 4.62
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales n/a
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

Current Ratio n/a
Quick Ratio n/a
Debt / Equity 0.10
Debt / EBITDA 0.55
Debt / FCF 0.65
Interest Coverage n/a

Financial Efficiency

Return on equity (ROE) is 16.00% and return on invested capital (ROIC) is 13.63%.

Return on Equity (ROE) 16.00%
Return on Assets (ROA) 1.60%
Return on Capital (ROIC) 13.63%
Revenue Per Employee $367,031
Profits Per Employee $150,606
Employee Count 287
Asset Turnover 0.04
Inventory Turnover n/a

Taxes

In the past 12 months, Macatawa Bank has paid $10.52 million in taxes.

Income Tax 10.52M
Effective Tax Rate 19.58%

Stock Price Statistics

The stock price has decreased by -4.49% in the last 52 weeks. The beta is 0.66, so Macatawa Bank's price volatility has been lower than the market average.

Beta (1Y) 0.66
52-Week Price Change -4.49%
50-Day Moving Average 10.10
200-Day Moving Average 9.76
Relative Strength Index (RSI) 50.39
Average Volume (30 Days) 64,642

Short Selling Information

The latest short interest is 134,748, so 0.39% of the outstanding shares have been sold short.

Short Interest 134,748
Short Previous Month 132,882
Short % of Shares Out 0.39%
Short % of Float 0.51%
Short Ratio (days to cover) 2.34

Income Statement

In the last 12 months, Macatawa Bank had revenue of $105.34 million and earned $43.22 million in profits. Earnings per share was $1.26.

Revenue 105.34M
Gross Profit 105.34M
Operating Income 53.75M
Pretax Income 53.75M
Net Income 43.22M
EBITDA 54.06M
EBIT 53.75M
Earnings Per Share (EPS) $1.26
Full Income Statement

Balance Sheet

The company has $450.35 million in cash and $30.00 million in debt, giving a net cash position of $420.35 million or $12.23 per share.

Cash & Cash Equivalents 450.35M
Total Debt 30.00M
Net Cash 420.35M
Net Cash Per Share $12.23
Equity / Book Value 287.09M
Book Value Per Share 8.35
Working Capital n/a
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $43.80 million and capital expenditures $2.26 million, giving a free cash flow of $46.06 million.

Operating Cash Flow 43.80M
Capital Expenditures 2.26M
Free Cash Flow 46.06M
FCF Per Share $1.34
Full Cash Flow Statement

Margins

Gross margin is 100.00%, with operating and profit margins of 51.02% and 41.03%.

Gross Margin 100.00%
Operating Margin 51.02%
Pretax Margin 51.02%
Profit Margin 41.03%
EBITDA Margin 51.32%
EBIT Margin 51.02%
FCF Margin 43.73%

Dividends & Yields

This stock pays an annual dividend of $0.36, which amounts to a dividend yield of 3.68%.

Dividend Per Share $0.36
Dividend Yield 3.68%
Dividend Growth (YoY) 6.25%
Years of Dividend Growth 1
Payout Ratio 28.57%
Buyback Yield -0.13%
Shareholder Yield 3.55%
Earnings Yield 12.97%
FCF Yield 13.82%
Dividend Details

Analyst Forecast

The average price target for Macatawa Bank is $11.00, which is 12.36% higher than the current price. The consensus rating is "Strong Buy".

Price Target $11.00
Price Target Difference 12.36%
Analyst Consensus Strong Buy
Analyst Count 1
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on May 9, 2007. It was a forward split with a ratio of 105:100.

Last Split Date May 9, 2007
Split Type Forward
Split Ratio 105:100

Scores

Altman Z-Score n/a
Piotroski F-Score 5