Positive News SentimentPositive NewsNASDAQ:MCBC Macatawa Bank (MCBC) Stock Price, News & Analysis → Top Project Outperforms BTC in 2023… (From Crypto 101 Media) (Ad) Free MCBC Stock Alerts $9.81 +0.11 (+1.13%) (As of 11:48 AM ET) Add Compare Share Share Today's Range$9.66▼$9.8250-Day Range$9.31▼$11.3152-Week Range$8.31▼$11.91Volume9,875 shsAverage Volume63,869 shsMarket Capitalization$337.07 millionP/E Ratio7.79Dividend Yield3.67%Price Target$11.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Macatawa Bank alerts: Email Address Macatawa Bank MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside20.4% Upside$11.75 Price TargetShort InterestHealthy0.52% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth3.17%From $1.26 to $1.30 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.63 out of 5 starsFinance Sector542nd out of 858 stocksState Commercial Banks Industry128th out of 181 stocks 2.5 Analyst's Opinion Consensus RatingMacatawa Bank has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.75, Macatawa Bank has a forecasted upside of 20.4% from its current price of $9.76.Amount of Analyst CoverageMacatawa Bank has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.52% of the float of Macatawa Bank has been sold short.Short Interest Ratio / Days to CoverMacatawa Bank has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Macatawa Bank has recently increased by 1.43%, indicating that investor sentiment is decreasing. Previous Next 3.3 Dividend Strength Dividend LeadershipMacatawa Bank is a leading dividend payer. It pays a dividend yield of 3.82%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMacatawa Bank has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Macatawa Bank is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Macatawa Bank will have a dividend payout ratio of 27.69% next year. This indicates that Macatawa Bank will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MCBC. Previous Next 4.4 News and Social Media Coverage News SentimentMacatawa Bank has a news sentiment score of 1.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for Macatawa Bank this week, compared to 0 articles on an average week.Search Interest1 people have searched for MCBC on MarketBeat in the last 30 days. MarketBeat Follows3 people have added Macatawa Bank to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Macatawa Bank insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 8.60% of the stock of Macatawa Bank is held by insiders.Percentage Held by Institutions42.49% of the stock of Macatawa Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Macatawa Bank are expected to grow by 3.17% in the coming year, from $1.26 to $1.30 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Macatawa Bank is 7.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.91.Price to Earnings Ratio vs. SectorThe P/E ratio of Macatawa Bank is 7.75, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.52.Price to Book Value per Share RatioMacatawa Bank has a P/B Ratio of 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto Swap ProfitsGrab Your Free Bitcoin Today!And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.>> Register right here About Macatawa Bank Stock (NASDAQ: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-family, and other non-residential real estate loans; and residential mortgage loans, as well as consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. The company also offers ATM and debit card processing, cash management, and brokerage services. In addition, it provides asset management, personal trust, and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. The company was incorporated in 1997 and is based in Holland, Michigan.Read More MCBC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MCBC Stock News HeadlinesFebruary 24, 2024 | finance.yahoo.comThose who invested in Macatawa Bank (NASDAQ:MCBC) five years ago are up 5.7%February 15, 2024 | wsj.comMacatawa Bank Corp.March 28, 2024 | Crypto Swap Profits (Ad)Grab Your Free Bitcoin Today!And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.January 31, 2024 | finance.yahoo.comMacatawa Bank (MCBC) is a Top Dividend Stock Right Now: Should You Buy?January 28, 2024 | finance.yahoo.comThe Macatawa Bank Corporation (NASDAQ:MCBC) Yearly Results Are Out And Analysts Have Published New ForecastsJanuary 25, 2024 | markets.businessinsider.comMacatawa Bank Corporation Reports Fourth Quarter and Full Year 2023 ResultsJanuary 25, 2024 | finance.yahoo.comMacatawa Bank Corp (MCBC) Reports Solid Full Year Growth Despite Q4 ChallengesDecember 26, 2023 | msn.comMacatawa (MCBC) Is a Great Choice for 'Trend' Investors, Here's WhyMarch 28, 2024 | Crypto Swap Profits (Ad)Grab Your Free Bitcoin Today!And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.December 5, 2023 | msn.comHere's Why Momentum in Macatawa (MCBC) Should Keep goingNovember 29, 2023 | benzinga.comMacatawa Bank Supports Customers through Tough Times, Supporting Shareholders through ChangesNovember 15, 2023 | morningstar.comMacatawa Bank Corp MCBCNovember 8, 2023 | finance.yahoo.comMacatawa Bank Corporation (NASDAQ:MCBC) Looks Like A Good Stock, And It's Going Ex-Dividend SoonOctober 30, 2023 | finance.yahoo.comDo Macatawa Bank's (NASDAQ:MCBC) Earnings Warrant Your Attention?October 30, 2023 | finance.yahoo.comThe Macatawa Bank Corp (MCBC) Company: A Short SWOT AnalysisOctober 26, 2023 | finance.yahoo.comMacatawa Bank Corporation Reports Third Quarter 2023 ResultsOctober 26, 2023 | msn.comMacatawa Bank raises quarterly dividend by 12.5% to $0.09/shareOctober 26, 2023 | finance.yahoo.comMacatawa Bank Corp (MCBC) Reports Q3 2023 EarningsOctober 24, 2023 | nasdaq.comFirst Financial Corp. (THFF) Surpasses Q3 Earnings and Revenue EstimatesOctober 19, 2023 | msn.comMacatawa Bank CEO to retireOctober 19, 2023 | finance.yahoo.comMacatawa Bank Corp. and Macatawa Bank Announce Leadership TransitionOctober 3, 2023 | finance.yahoo.comMacatawa Bank Corporation (NASDAQ:MCBC) has caught the attention of institutional investors who hold a sizeable 42% stakeSeptember 6, 2023 | finance.yahoo.comInvesting in Macatawa Bank (NASDAQ:MCBC) three years ago would have delivered you a 43% gainAugust 30, 2023 | seekingalpha.comBCB Bancorp, Macatawa Bank snag Buy ratings at JanneyAugust 30, 2023 | msn.comJanney Montgomery Scott Initiates Coverage of Macatawa Bank (MCBC) with Buy RecommendationAugust 9, 2023 | finance.yahoo.comMacatawa Bank Corporation (NASDAQ:MCBC) Looks Interesting, And It's About To Pay A DividendJuly 29, 2023 | forbes.comYes BankSee More Headlines Receive MCBC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Macatawa Bank and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings1/25/2024Ex-Dividend for 2/28 Dividend2/12/2024Dividend Payable2/28/2024Today3/28/2024Next Earnings (Estimated)4/25/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryN/A Current SymbolNASDAQ:MCBC CUSIPN/A CIK1053584 Webwww.macatawabank.com Phone(616) 820-1444Fax616-494-7644Employees287Year Founded1997Price Target and Rating Average Stock Price Target$11.75 High Stock Price Target$12.50 Low Stock Price Target$11.00 Potential Upside/Downside+20.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.26 Trailing P/E Ratio7.74 Forward P/E Ratio7.74 P/E GrowthN/ANet Income$43.22 million Net Margins32.68% Pretax Margin40.64% Return on Equity15.99% Return on Assets1.60% Debt Debt-to-Equity Ratio0.10 Current Ratio0.73 Quick Ratio0.73 Sales & Book Value Annual Sales$132.25 million Price / Sales2.53 Cash Flow$1.31 per share Price / Cash Flow7.43 Book Value$8.37 per share Price / Book1.16Miscellaneous Outstanding Shares34,360,000Free Float31,407,000Market Cap$335.01 million OptionableOptionable Beta0.67 Social Links 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Jon W. Swets (Age 59)CEO, President, Secretary & Director Comp: $384.52kMr. Craig A. Hankinson (Age 56)Chief Operating Officer Comp: $384.52kMr. Ronald L. Haan (Age 70)Director Comp: $559.06kMr. Bryan L. BarkerSenior VP & CFOMr. Jeffrey A. TatreauSenior VP & CTOMs. Jodi L. SevignySenior VP & Chief Marketing OfficerLeslie D. LeegwaterVP & Human Resources ManagerMs. Jill A. Walcott (Age 57)Senior VP & Chief Retail Banking Officer Comp: $250.79kMr. Jason M. BirchmeierSenior VP & Chief Credit OfficerMr. Justin S. Van BeekSenior VP & Chief Risk OfficerMore ExecutivesKey CompetitorsMid Penn BancorpNASDAQ:MPBRBB BancorpNASDAQ:RBBBridgewater BancsharesNASDAQ:BWBEnterprise BancorpNASDAQ:EBTCFlushing FinancialNASDAQ:FFICView All CompetitorsInstitutional OwnershipVanguard Group Inc.Bought 205,435 shares on 3/11/2024Ownership: 4.703%Goldman Sachs Group Inc.Sold 5,157 shares on 3/1/2024Ownership: 0.578%Voisard Asset Management Group Inc.Bought 9,967 shares on 2/20/2024Ownership: 0.029%Price T Rowe Associates Inc. MDSold 1,402 shares on 2/16/2024Ownership: 0.180%Price T Rowe Associates Inc. MDSold 1,402 shares on 2/15/2024Ownership: 0.180%View All Institutional Transactions MCBC Stock Analysis - Frequently Asked Questions Should I buy or sell Macatawa Bank stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Macatawa Bank in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MCBC shares. View MCBC analyst ratings or view top-rated stocks. What is Macatawa Bank's stock price target for 2024? 2 brokers have issued twelve-month price targets for Macatawa Bank's shares. Their MCBC share price targets range from $11.00 to $12.50. On average, they anticipate the company's stock price to reach $11.75 in the next twelve months. This suggests a possible upside of 20.4% from the stock's current price. View analysts price targets for MCBC or view top-rated stocks among Wall Street analysts. How have MCBC shares performed in 2024? Macatawa Bank's stock was trading at $11.28 at the beginning of 2024. Since then, MCBC shares have decreased by 13.5% and is now trading at $9.76. View the best growth stocks for 2024 here. When is Macatawa Bank's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our MCBC earnings forecast. How were Macatawa Bank's earnings last quarter? Macatawa Bank Co. (NASDAQ:MCBC) released its quarterly earnings data on Thursday, January, 25th. The financial services provider reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.32 by $0.04. The financial services provider earned $26.13 million during the quarter, compared to the consensus estimate of $26.90 million. Macatawa Bank had a trailing twelve-month return on equity of 15.99% and a net margin of 32.68%. How often does Macatawa Bank pay dividends? What is the dividend yield for Macatawa Bank? Macatawa Bank announced a quarterly dividend on Thursday, January 18th. Shareholders of record on Tuesday, February 13th will be given a dividend of $0.09 per share on Wednesday, February 28th. This represents a $0.36 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Monday, February 12th. Read our dividend analysis for MCBC. Is Macatawa Bank a good dividend stock? Macatawa Bank (NASDAQ:MCBC) pays an annual dividend of $0.36 per share and currently has a dividend yield of 3.82%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCBC will have a dividend payout ratio of 27.69% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MCBC. What is Ronald L. Haan's approval rating as Macatawa Bank's CEO? 9 employees have rated Macatawa Bank Chief Executive Officer Ronald L. Haan on Glassdoor.com. Ronald L. Haan has an approval rating of 74% among the company's employees. What other stocks do shareholders of Macatawa Bank own? Based on aggregate information from My MarketBeat watchlists, some companies that other Macatawa Bank investors own include Mercantile Bank (MBWM), Nokia Oyj (NOK), AT&T (T), Weatherford International (WFT), Public Storage (PSA), Huntington Bancshares (HBAN), International Business Machines (IBM), New York Community Bancorp (NYCB) and Pfizer (PFE). Who are Macatawa Bank's major shareholders? Macatawa Bank's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (4.71%), Vanguard Group Inc. (4.70%), Dimensional Fund Advisors LP (4.55%), Elizabeth Park Capital Advisors Ltd. (1.46%), rhino investment partners Inc (1.33%) and Keeley Teton Advisors LLC (0.91%). View institutional ownership trends. How do I buy shares of Macatawa Bank? Shares of MCBC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:MCBC) was last updated on 3/28/2024 by MarketBeat.com Staff From Our PartnersGrab Your Free Bitcoin Today!Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisorySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceBuy this small stock before coming AI Tidal WaveChaikin AnalyticsThe 3rd Revolution in WarfareWeiss Ratings Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Macatawa Bank Co. 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