This company has been acquired
MCBC Stock Overview
Operates as the bank holding company for Macatawa Bank that engages in the provision of commercial and consumer banking and trust services. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
No risks detected for MCBC from our risk checks.
Community vs My Fair Value
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Macatawa Bank Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$14.82 |
| 52 Week High | US$15.16 |
| 52 Week Low | US$8.31 |
| Beta | 0.53 |
| 1 Month Change | 1.37% |
| 3 Month Change | 2.77% |
| 1 Year Change | 53.10% |
| 3 Year Change | 78.77% |
| 5 Year Change | 47.46% |
| Change since IPO | 122.87% |
Recent News & Updates
Recent updates
Macatawa Bank (NASDAQ:MCBC) Will Pay A Dividend Of $0.09
Jan 29
Macatawa Bank's (NASDAQ:MCBC) Shareholders Will Receive A Bigger Dividend Than Last Year
Oct 31Macatawa Bank (NASDAQ:MCBC) Is Paying Out A Dividend Of $0.08
Aug 01Macatawa Bank (NASDAQ:MCBC) Is Paying Out A Dividend Of $0.08
May 02Macatawa Bank (NASDAQ:MCBC) Is Paying Out A Dividend Of $0.08
Feb 01Macatawa Bank (NASDAQ:MCBC) Has Announced A Dividend Of $0.08
Nov 01Macatawa Bank goes ex-dividend tomorrow
Aug 09Macatawa Bank (NASDAQ:MCBC) Has Announced A Dividend Of $0.08
Aug 08Macatawa Bank: Lower Average Loan Balance To Drag Earnings This Year
Feb 16Macatawa Bank (NASDAQ:MCBC) Is Due To Pay A Dividend Of US$0.08
Feb 01Macatawa Bank (NASDAQ:MCBC) Has Affirmed Its Dividend Of US$0.08
Nov 02Macatawa Bank (NASDAQ:MCBC) Has Announced A Dividend Of US$0.08
Jul 29It May Be Possible That Macatawa Bank Corporation's (NASDAQ:MCBC) CEO Compensation Could Get Bumped Up
Apr 27Is Macatawa Bank Corporation (NASDAQ:MCBC) A Smart Choice For Dividend Investors?
Apr 15Did You Participate In Any Of Macatawa Bank's (NASDAQ:MCBC) Respectable 90% Return?
Mar 11Macatawa Bank Corporation (NASDAQ:MCBC) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
Feb 04Do Institutions Own Macatawa Bank Corporation (NASDAQ:MCBC) Shares?
Feb 01Macatawa Bank Corporation's (NASDAQ:MCBC) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?
Dec 27
Update: Macatawa Bank (NASDAQ:MCBC) Stock Gained 33% In The Last Five Years
Nov 30Shareholder Returns
| MCBC | US Banks | US Market | |
|---|---|---|---|
| 7D | -0.07% | -2.5% | -3.4% |
| 1Y | 53.1% | 15.2% | 6.1% |
Return vs Industry: MCBC exceeded the US Banks industry which returned 29.2% over the past year.
Return vs Market: MCBC exceeded the US Market which returned 20.5% over the past year.
Price Volatility
| MCBC volatility | |
|---|---|
| MCBC Average Weekly Movement | 2.0% |
| Banks Industry Average Movement | 3.8% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.3% |
Stable Share Price: MCBC has not had significant price volatility in the past 3 months.
Volatility Over Time: MCBC's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | 314 | Jon Swets | www.macatawabank.com |
Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that engages in the provision of commercial and consumer banking and trust services. The company accepts various deposits, such as checking accounts, savings accounts, time deposits, regular and money market savings accounts, certificates of deposit, and demand deposits. Its loan products include commercial and industrial loans comprising loans to finance operations and equipment; commercial real estate loans, which consist of construction and development, multi-family, and other non-residential real estate loans; and residential mortgage loans, as well as consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes.
Macatawa Bank Corporation Fundamentals Summary
| MCBC fundamental statistics | |
|---|---|
| Market cap | US$509.24m |
| Earnings (TTM) | US$41.01m |
| Revenue (TTM) | US$103.58m |
12.4x
P/E Ratio1.7x
P/B RatioIs MCBC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MCBC income statement (TTM) | |
|---|---|
| Revenue | US$103.58m |
| Cost of Revenue | US$0 |
| Gross Profit | US$103.58m |
| Other Expenses | US$62.57m |
| Earnings | US$41.01m |
Last Reported Earnings
Mar 31, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.19 |
| Gross Margin | 100.00% |
| Net Profit Margin | 39.60% |
| Debt/Equity Ratio | 8.7% |
How did MCBC perform over the long term?
See historical performance and comparisonDividends
2.4%
Current Dividend Yield28%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/08/01 20:58 |
| End of Day Share Price | 2024/08/01 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Macatawa Bank Corporation is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kevin Reevey | D.A. Davidson & Co. |
| Erik Zwick | Hovde Group, LLC |
| Daniel Cardenas | Janney Montgomery Scott LLC |