Macatawa Bank Corporation (MCBC): Price and Financial Metrics

MCBC POWR Grades

• Momentum is the dimension where MCBC ranks best; there it ranks ahead of 89.62% of US stocks.
• The strongest trend for MCBC is in Value, which has been heading down over the past 179 days.
• MCBC ranks lowest in Growth; there it ranks in the 4th percentile.

MCBC Stock Summary

• Equity multiplier, or assets relative to shareholders' equity, comes in at 11.54 for Macatawa Bank Corp; that's greater than it is for 94.38% of US stocks.
• As for revenue growth, note that MCBC's revenue has grown -0.85% over the past 12 months; that beats the revenue growth of only 16.91% of US companies in our set.
• The volatility of Macatawa Bank Corp's share price is greater than that of only 14.55% US stocks with at least 200 days of trading history.
• If you're looking for stocks that are quantitatively similar to Macatawa Bank Corp, a group of peers worth examining would be OSBC, NWFL, COFS, EBMT, and OBNK.
• 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

Its 4 year net income to common stockholders growth rate is now at 128.6%.
• Its year over year net cashflow from operations growth rate is now at -18.2%.
• Its year over year price growth rate is now at 35.8%.

MCBC's revenue has moved up $1,321,000 over the prior 15 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
2021-12-31	81.814	35.924	29.014
2021-09-30	85.678	38.496	31.794
2021-06-30	85.456	31.792	31.712
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

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.