Macatawa Bank Corporation (MCBC): Price and Financial Metrics

Macatawa Bank Corporation (MCBC): $9.79

0.09 (+0.93%)

POWR Rating

Component Grades

Momentum

C

Stability

B

Sentiment

Quality

D

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Industry: Midwest Regional Banks

Industry

F

Ranked

#13 of 46

in industry

MCBC Price/Volume Stats

Current price $9.79 52-week high $11.91
Prev. close $9.70 52-week low $8.31
Day low $9.66 Volume 59,600
Day high $9.82 Avg. volume 64,708
50-day MA $10.10 Dividend yield 3.78%
200-day MA $9.76 Market Cap 336.40M

MCBC Stock Price Chart Interactive Chart >

MCBC POWR Grades

  • Sentiment is the dimension where MCBC ranks best; there it ranks ahead of 98.06% of US stocks.
  • The strongest trend for MCBC is in Growth, which has been heading down over the past 26 weeks.
  • MCBC's current lowest rank is in the Quality metric (where it is better than 23.25% of US stocks).

MCBC Stock Summary

  • MCBC's current price/earnings ratio is 8.26, which is higher than only 15.19% of US stocks with positive earnings.
  • Equity multiplier, or assets relative to shareholders' equity, comes in at 10.5 for MACATAWA BANK CORP; that's greater than it is for 90.89% of US stocks.
  • As for revenue growth, note that MCBC's revenue has grown 29.57% over the past 12 months; that beats the revenue growth of 84.38% of US companies in our set.
  • Stocks that are quantitatively similar to MCBC, based on their financial statements, market capitalization, and price volatility, are RRBI, TCBX, SRCE, SMBK, and VLY.
  • Visit MCBC's SEC page to see the company's official filings. To visit the company's web site, go to www.macatawabank.com.

MCBC Valuation Summary

  • In comparison to the median Financial Services stock, MCBC's price/earnings ratio is 21.82% lower, now standing at 8.6.
  • MCBC's price/sales ratio has moved down 1.3 over the prior 243 months.

Below are key valuation metrics over time for MCBC.

Stock Date P/S P/B P/E EV/EBIT
MCBC 2023-12-22 3.7 1.5 8.6 -1.5
MCBC 2023-12-21 3.6 1.4 8.5 -1.6
MCBC 2023-12-20 3.6 1.4 8.5 -1.6
MCBC 2023-12-19 3.6 1.4 8.5 -1.6
MCBC 2023-12-18 3.5 1.4 8.3 -1.8
MCBC 2023-12-15 3.7 1.5 8.6 -1.5

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.

Period Asset Turnover Gross Margin ROIC
2021-09-30 0.031 1 0.021
2021-06-30 0.032 1 0.020
2021-03-31 0.032 1 0.019
2020-12-31 0.034 1 0.018
2020-09-30 0.036 1 0.018
2020-06-30 0.037 1 0.019

MCBC Price Target

For more insight on analysts targets of MCBC, see our MCBC price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $9.00 Average Broker Recommendation 2 (Hold)

Macatawa Bank Corporation (MCBC) Company Bio


Macatawa Bank Corporation provides commercial and personal banking services primarily in Western Michigan. The company was founded in 1997 and is based in Holland, Michigan.


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Latest MCBC News From Around the Web

Below are the latest news stories about MACATAWA BANK CORP that investors may wish to consider to help them evaluate MCBC as an investment opportunity.

Macatawa Bank Corporation (NASDAQ:MCBC) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

Macatawa Bank Corporation ( NASDAQ:MCBC ) stock is about to trade ex-dividend in four days. The ex-dividend date is one...

Yahoo | November 8, 2023

The Zacks Analyst Blog Highlights AbbVie, Exxon Mobil, Kontoor Brands, Select Water Solutions and Macatawa Bank

AbbVie, Exxon Mobil, Kontoor Brands, Select Water Solutions and Macatawa Bank are part of the Zacks top Analyst Blog.

Yahoo | November 1, 2023

5 Solid Stocks to Watch That Recently Hiked Dividends

AbbVie Inc. (ABBV), Exxon Mobil Corporation (XOM), Kontoor Brands, Inc. (KTB), Select Water Solutions, Inc. (WTTR) and Macatawa Bank Corporation (MCBC) recently hiked dividends.

Yahoo | October 31, 2023

Do Macatawa Bank's (NASDAQ:MCBC) Earnings Warrant Your Attention?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...

Yahoo | October 30, 2023

The Macatawa Bank Corp (MCBC) Company: A Short SWOT Analysis

Unveiling the Strengths, Weaknesses, Opportunities, and Threats of MCBC in Q3 2023

Yahoo | October 30, 2023

Read More 'MCBC' Stories Here

MCBC Price Returns

1-mo 1.03%
3-mo -12.43%
6-mo 11.31%
1-year 0.43%
3-year 8.19%
5-year 17.15%
YTD -12.43%
2023 5.90%
2022 29.25%
2021 9.27%
2020 -21.70%
2019 18.85%

MCBC Dividends

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Continue Researching MCBC

Here are a few links from around the web to help you further your research on Macatawa Bank Corp's stock as an investment opportunity:

Macatawa Bank Corp (MCBC) Stock Price | Nasdaq
Macatawa Bank Corp (MCBC) Stock Quote, History and News - Yahoo Finance
Macatawa Bank Corp (MCBC) Stock Price and Basic Information | MarketWatch

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