Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that provides commercial and consumer banking and trust services. More Details
Flawless balance sheet and good value.
Share Price & News
How has Macatawa Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MCBC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MCBC's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: MCBC underperformed the US Banks industry which returned -17% over the past year.
Return vs Market: MCBC underperformed the US Market which returned 19.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Macatawa Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StThere's A Lot To Like About Macatawa Bank's (NASDAQ:MCBC) Upcoming US$0.08 Dividend
1 month ago | Simply Wall StMacatawa Bank Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
1 month ago | Simply Wall StHow Is Macatawa Bank's (NASDAQ:MCBC) CEO Compensated?
Is Macatawa Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MCBC ($8.33) is trading below our estimate of fair value ($17.67)
Significantly Below Fair Value: MCBC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MCBC is good value based on its PE Ratio (9.7x) compared to the US Banks industry average (11.5x).
PE vs Market: MCBC is good value based on its PE Ratio (9.7x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: MCBC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MCBC is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (0.9x).
How is Macatawa Bank forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MCBC's earnings are forecast to decline over the next 3 years (-7.2% per year).
Earnings vs Market: MCBC's earnings are forecast to decline over the next 3 years (-7.2% per year).
High Growth Earnings: MCBC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MCBC's revenue is expected to decline over the next 3 years (-0.8% per year).
High Growth Revenue: MCBC's revenue is forecast to decline over the next 3 years (-0.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MCBC's Return on Equity is forecast to be low in 3 years time (9.7%).
How has Macatawa Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MCBC has high quality earnings.
Growing Profit Margin: MCBC's current net profit margins (36.5%) are lower than last year (37.6%).
Past Earnings Growth Analysis
Earnings Trend: MCBC's earnings have grown significantly by 20.5% per year over the past 5 years.
Accelerating Growth: MCBC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MCBC had negative earnings growth (-4.9%) over the past year, making it difficult to compare to the Banks industry average (-4.3%).
Return on Equity
High ROE: MCBC's Return on Equity (12.5%) is considered low.
How is Macatawa Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: MCBC's Assets to Equity ratio (10.7x) is moderate.
Allowance for Bad Loans: MCBC has a sufficient allowance for bad loans (8491%).
Low Risk Liabilities: 95% of MCBC's liabilities are made up of primarily low risk sources of funding.
Loan Level: MCBC has an appropriate level of Loans to Assets ratio (61%).
Low Risk Deposits: MCBC's Loans to Deposits ratio (70%) is appropriate.
Level of Bad Loans: MCBC has an appropriate level of bad loans (0%).
What is Macatawa Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MCBC's dividend (3.84%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: MCBC's dividend (3.84%) is low compared to the top 25% of dividend payers in the US market (4.05%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, MCBC has been paying a dividend for less than 10 years.
Growing Dividend: MCBC's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (36%), MCBC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MCBC's dividends in 3 years are forecast to be well covered by earnings (44.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ron Haan (66 yo)
Mr. Ronald L. Haan, also known as Ron, has been the Chief Executive Officer and President of Macatawa Bank Corporation (the “Company”) since August 2009. Mr. Haan serves as Chairman, President and Chief Ex...
CEO Compensation Analysis
Compensation vs Market: Ron's total compensation ($USD583.52K) is below average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.
|Senior VP||18.33yrs||US$336.83k||0.38% |
|Chief Operating Officer||3.75yrs||US$387.43k||0.19% |
|Senior VP & Chief Retail Banking Officer||18.83yrs||US$290.79k||0.23% |
|Senior VP & CTO||no data||no data||no data|
|Senior VP & Chief Marketing Officer||no data||no data||no data|
|VP & Human Resources Manager||no data||no data||no data|
|Senior VP & Chief Credit Officer||no data||no data||no data|
|Senior VP & Chief Wealth Management Officer||no data||no data||no data|
|Senior VP & Chief Risk Officer||no data||no data||no data|
Experienced Management: MCBC's management team is seasoned and experienced (15 years average tenure).
|Independent Director||10.17yrs||US$56.44k||0.034% |
|Independent Chairman of the Board||11.08yrs||no data||4.57% |
|Independent Director||11.25yrs||US$56.89k||0.38% |
|Independent Director||10.17yrs||US$57.44k||0.35% |
|Independent Director||10.08yrs||US$60.44k||0.065% |
|Independent Director||10.08yrs||US$58.89k||0.13% |
|Independent Director||4.92yrs||US$56.44k||0.020% |
|Representative Director||no data||no data||no data|
Experienced Board: MCBC's board of directors are seasoned and experienced ( 10.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Macatawa Bank Corporation's company bio, employee growth, exchange listings and data sources
- Name: Macatawa Bank Corporation
- Ticker: MCBC
- Exchange: NasdaqGS
- Founded: 1997
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$284.064m
- Shares outstanding: 34.10m
- Website: https://www.macatawabank.com
Number of Employees
- Macatawa Bank Corporation
- 10753 Macatawa Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MCBC||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Apr 1998|
Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that provides commercial and consumer banking and trust services. The company accepts various deposits, such as checking acc...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/27 23:41|
|End of Day Share Price||2020/11/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.