Macatawa Bank Corporation (MCBC): Price and Financial Metrics

MCBC POWR Grades

• Sentiment is the dimension where MCBC ranks best; there it ranks ahead of 91.64% of US stocks.
• The strongest trend for MCBC is in Growth, which has been heading up over the past 177 days.
• MCBC ranks lowest in Quality; there it ranks in the 22nd percentile.

MCBC Stock Summary

• Equity multiplier, or assets relative to shareholders' equity, comes in at 11.72 for MACATAWA BANK CORP; that's greater than it is for 94.12% of US stocks.
• With a year-over-year growth in debt of -64.71%, MACATAWA BANK CORP's debt growth rate surpasses just 3.83% of about US stocks.
• MACATAWA BANK CORP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 17.76%, greater than the shareholder yield of 91.65% of stocks in our set.
• Stocks that are quantitatively similar to MCBC, based on their financial statements, market capitalization, and price volatility, are UBFO, MRBK, NWFL, HMNF, and EBMT.
• 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

• MCBC's EV/EBIT ratio is -10.1; this is 189.38% lower than that of the median Financial Services stock.
• MCBC's EV/EBIT ratio has moved down 29.9 over the prior 243 months.

Below are key valuation metrics over time for MCBC.

MCBC Growth Metrics

Its year over year cash and equivalents growth rate is now at 21.83%.
• Its 4 year net income to common stockholders growth rate is now at 81.75%.
• Its year over year price growth rate is now at -9.58%.

Over the past 15 months, MCBC's revenue has gone down $2,770,000.

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
2022-09-30	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
2021-06-30	85.456	31.792	31.712

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.