Macatawa Bank Corporation (MCBC)
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 |
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 |
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 |
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 |
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% |
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 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 |