Macatawa Bank Corporation (MCBC): Price and Financial Metrics

MCBC POWR Grades

• MCBC scores best on the Stability dimension, with a Stability rank ahead of 75.52% of US stocks.
• MCBC's strongest trending metric is Growth; it's been moving down over the last 177 days.
• MCBC ranks lowest in Quality; there it ranks in the 32nd percentile.

MCBC Stock Summary

• MCBC's current price/earnings ratio is 6.95, which is higher than just 15.94% of US stocks with positive earnings.
• Equity multiplier, or assets relative to shareholders' equity, comes in at 10.92 for MACATAWA BANK CORP; that's greater than it is for 91.17% of US stocks.
• Over the past twelve months, MCBC has reported earnings growth of 73.19%, putting it ahead of 85.19% of US stocks in our set.
• If you're looking for stocks that are quantitatively similar to MACATAWA BANK CORP, a group of peers worth examining would be SMBK, UCBI, PCB, BCML, and CBFV.
• MCBC's SEC filings can be seen here. And to visit MACATAWA BANK CORP's official web site, go to www.macatawabank.com.

MCBC Valuation Summary

• In comparison to the median Financial Services stock, MCBC's price/sales ratio is 200% higher, now standing at 3.
• Over the past 243 months, MCBC's price/earnings ratio has gone down 10.6.

Below are key valuation metrics over time for MCBC.

MCBC Growth Metrics

The 5 year net cashflow from operations growth rate now stands at 79.88%.
• Its 3 year net income to common stockholders growth rate is now at -3.65%.
• Its 3 year price growth rate is now at -13.75%.

Over the past 70 months, MCBC's revenue has gone up $22,458,000.

The table below shows MCBC's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2022-12-31	91.29	34.8	34.731
2022-09-30	82.686	27.31	28.829
2022-06-30	78.514	30.031	25.986
2022-03-31	79.916	37.392	27.236
2021-12-31	81.814	35.924	29.014
2021-09-30	85.678	38.496	31.794

MCBC's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• MCBC has a Quality Grade of C, ranking ahead of 32.41% of graded US stocks.
• MCBC's asset turnover comes in at 0.031 -- ranking 356th of 430 Banking stocks.
• GCBC, UBFO, and BAC are the stocks whose asset turnover ratios are most correlated with MCBC.

The table below shows MCBC's key quality metrics over time.