Macatawa Bank (MCBC) Stock Price, News & Analysis

2 Wall Street 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 analysts is that investors should "buy" MCBC shares.
View MCBC analyst ratings or view top-rated stocks.

2 brokerages have issued twelve-month target prices for Macatawa Bank's shares. Their MCBC share price targets range from $11.00 to $12.50. On average, they anticipate the company's share price to reach $11.75 in the next year. This suggests that the stock has a possible downside of 16.8%.
View analysts price targets for MCBC or view top-rated stocks among Wall Street analysts.

Macatawa Bank's stock was trading at $11.28 on January 1st, 2024. Since then, MCBC shares have increased by 25.3% and is now trading at $14.13.
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Macatawa Bank saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 75,800 shares, a drop of 43.8% from the March 15th total of 134,800 shares. Based on an average daily trading volume, of 62,900 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the company's shares are sold short.
View Macatawa Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our MCBC earnings forecast.

Macatawa Bank Co. (NASDAQ:MCBC) released its earnings results on Thursday, January, 25th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by $0.04. The financial services provider had revenue of $26.13 million for 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%.

Macatawa Bank announced a quarterly dividend on Thursday, January 18th. Investors 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 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Monday, February 12th.
Read our dividend analysis for MCBC.

Macatawa Bank (NASDAQ:MCBC) pays an annual dividend of $0.36 per share and currently has a dividend yield of 3.63%. 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.

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.

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).

Macatawa Bank's stock is owned by many different institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.36%).
View institutional ownership trends.

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.
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