Macatawa Bank Corporation (MCBC): Price and Financial Metrics

MCBC POWR Grades

• MCBC scores best on the Stability dimension, with a Stability rank ahead of 93.72% of US stocks.
• MCBC's strongest trending metric is Value; it's been moving up over the last 52 weeks.
• MCBC ranks lowest in Growth; there it ranks in the 7th percentile.

MCBC Stock Summary

• MCBC's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 122.11 -- higher than 80.19% of US-listed equities with positive expected earnings growth.
• With a price/earnings ratio of 9.7, Macatawa Bank Corp P/E ratio is greater than that of about just 21.34% of stocks in our set with positive earnings.
• Equity multiplier, or assets relative to shareholders' equity, comes in at 11.42 for Macatawa Bank Corp; that's greater than it is for 94.05% of US stocks.
• Stocks with similar financial metrics, market capitalization, and price volatility to Macatawa Bank Corp are IBCP, COFS, SBFG, NBTB, and GFED.
• 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 EV/EBIT ratio is 356.98% lower, now standing at -22.1.
• MCBC's EV/EBIT ratio has moved down 41.2 over the prior 243 months.
• MCBC's price/sales ratio has moved down 1.4 over the prior 243 months.

Below are key valuation metrics over time for MCBC.

MCBC Growth Metrics

• The 3 year net cashflow from operations growth rate now stands at 67.16%.
• The 3 year cash and equivalents growth rate now stands at 52.2%.
• The 3 year price growth rate now stands at 48.18%.

MCBC's revenue has moved up $16,057,000 over the prior 52 months.

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
2021-09-30	85.678	38.496	31.794
2021-06-30	85.456	31.792	31.712
2021-03-31	83.981	25.337	31.532
2020-12-31	82.513	30.575	30.165
2020-09-30	80.493	27.505	29.341
2020-06-30	81.276	29.296	30.379

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.