Macatawa Bank Corporation (MCBC): Price and Financial Metrics

MCBC POWR Grades

• Sentiment is the dimension where MCBC ranks best; there it ranks ahead of 88.91% of US stocks.
• MCBC's strongest trending metric is Stability; it's been moving down over the last 179 days.
• MCBC ranks lowest in Value; there it ranks in the 16th percentile.

MCBC Stock Summary

• MCBC's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 94.08% of US stocks.
• With a year-over-year growth in debt of -64.71%, MACATAWA BANK CORP's debt growth rate surpasses only 3.76% of about US stocks.
• Shareholder yield, a measure of how much is returned to shareholders via dividends and share repurchases, for MCBC comes in at 18.56% -- higher than that of 91.9% of 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 UBFO, MRBK, HMNF, NWFL, and EBMT.
• 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

• MCBC's price/earnings ratio is 12.4; this is 8.77% higher than that of the median Financial Services stock.
• Over the past 243 months, MCBC's price/sales ratio has gone down 0.6.

Below are key valuation metrics over time for MCBC.

MCBC Growth Metrics

Its 2 year price growth rate is now at 22.8%.
• Its 5 year net cashflow from operations growth rate is now at 79.88%.
• Its 5 year price growth rate is now at -29.28%.

Over the past 49 months, MCBC's revenue has gone up $7,262,000.

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.