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Macatawa Bank Future Growth

Future criteria checks 0/6

Macatawa Bank is forecast to grow earnings and revenue by 1.5% and 2.6% per annum respectively while EPS is expected to grow by 1.5% per annum.

Key information

1.5%

Earnings growth rate

1.5%

EPS growth rate

Banks earnings growth	8.2%
Revenue growth rate	2.6%
Future return on equity	n/a
Analyst coverage	Low
Last updated	11 Jul 2024

Recent future growth 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 31

It May Be Possible That Macatawa Bank Corporation's (NASDAQ:MCBC) CEO Compensation Could Get Bumped Up

Apr 27

Is Macatawa Bank Corporation (NASDAQ:MCBC) A Smart Choice For Dividend Investors?

Apr 15

Did You Participate In Any Of Macatawa Bank's (NASDAQ:MCBC) Respectable 90% Return?

Mar 11

Macatawa Bank Corporation (NASDAQ:MCBC) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

Feb 04

Do Institutions Own Macatawa Bank Corporation (NASDAQ:MCBC) Shares?

Feb 01

Macatawa 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 30

Earnings and Revenue Growth Forecasts

NasdaqGS:MCBC - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	108	42	N/A	N/A	1
12/31/2024	105	41	N/A	N/A	1
3/31/2024	104	41	40	41	N/A
12/31/2023	105	43	43	44	N/A
9/30/2023	107	46	45	46	N/A
6/30/2023	105	44	46	47	N/A
3/31/2023	99	41	40	41	N/A
12/31/2022	91	35	34	35	N/A
9/30/2022	83	29	27	27	N/A
6/30/2022	79	26	29	30	N/A
3/31/2022	80	27	37	37	N/A
12/31/2021	82	29	35	36	N/A
9/30/2021	86	32	37	38	N/A
6/30/2021	85	32	29	32	N/A
3/31/2021	84	32	23	25	N/A
12/31/2020	83	30	28	31	N/A
9/30/2020	80	29	25	28	N/A
6/30/2020	81	30	28	29	N/A
3/31/2020	83	31	30	31	N/A
12/31/2019	84	32	29	30	N/A
9/30/2019	82	31	30	31	N/A
6/30/2019	81	30	30	32	N/A
3/31/2019	79	28	29	31	N/A
12/31/2018	77	26	28	30	N/A
9/30/2018	75	22	24	26	N/A
6/30/2018	74	20	25	26	N/A
3/31/2018	72	18	24	25	N/A
12/31/2017	71	16	N/A	23	N/A
9/30/2017	70	18	N/A	22	N/A
6/30/2017	70	18	N/A	17	N/A
3/31/2017	69	17	N/A	17	N/A
12/31/2016	68	16	N/A	17	N/A
9/30/2016	68	15	N/A	20	N/A
6/30/2016	67	14	N/A	22	N/A
3/31/2016	66	13	N/A	18	N/A
12/31/2015	65	13	N/A	14	N/A
9/30/2015	63	12	N/A	11	N/A
6/30/2015	63	11	N/A	8	N/A
3/31/2015	62	11	N/A	11	N/A
12/31/2014	61	10	N/A	17	N/A
9/30/2014	61	-7	N/A	13	N/A
6/30/2014	61	-8	N/A	15	N/A
3/31/2014	61	-8	N/A	17	N/A
12/31/2013	62	-8	N/A	16	N/A
9/30/2013	62	29	N/A	23	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MCBC's forecast earnings growth (1.5% per year) is below the savings rate (2.5%).

Earnings vs Market: MCBC's earnings (1.5% per year) are forecast to grow slower than the US market (15% per year).

High Growth Earnings: MCBC's earnings are forecast to grow, but not significantly.

Revenue vs Market: MCBC's revenue (2.6% per year) is forecast to grow slower than the US market (8.6% per year).

High Growth Revenue: MCBC's revenue (2.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if MCBC's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/08/01 23:56
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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

This company has been acquired

Macatawa Bank Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target increased by 16% to US$13.75

Price target increased by 7.2% to US$12.33

Price target increased by 9.3% to US$11.75

Price target increased to US$10.75

Price target increased to US$9.50

Price target decreased to US$9.00

Recent updates

Wintrust Financial Corporation (NasdaqGS:WTFC) completed the acquisition of Macatawa Bank Corporation (NasdaqGS:MCBC) from White Bay Capital, LLLP and AllianceBernstein L.P.

Macatawa Bank Corporation(NasdaqGS:MCBC) dropped from NASDAQ Composite Index

Macatawa Bank Corporation(NasdaqGS:MCBC) dropped from S&P Global BMI Index

Price target increased by 16% to US$13.75

First quarter dividend of US$0.09 announced

Macatawa Bank Corporation Declares Quarterly Dividend, Payable on May 30, 2024

First quarter 2024 earnings: EPS and revenues miss analyst expectations

New minor risk - Share price stability

Investor sentiment improves as stock rises 41%

Wintrust Financial Corporation (NasdaqGS:WTFC) entered into a definitive merger agreement to acquire Macatawa Bank Corporation (NasdaqGS:MCBC) for approximately $570 million.

Upcoming dividend of US$0.09 per share at 3.5% yield

Price target increased by 7.2% to US$12.33

Macatawa Bank (NASDAQ:MCBC) Will Pay A Dividend Of $0.09

Fourth quarter dividend of US$0.09 announced

Full year 2023 earnings: EPS misses analyst expectations

Macatawa Bank Corporation Declares Quarterly Dividend, Payable on February 28, 2024

Upcoming dividend of US$0.09 per share at 3.3% yield

Macatawa Bank's (NASDAQ:MCBC) Shareholders Will Receive A Bigger Dividend Than Last Year

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Macatawa Bank Corporation Declares Quarterly Dividend, Payable on November 29, 2023

Macatawa Bank Corp. and Macatawa Bank Announces CEO Changes

Upcoming dividend of US$0.08 per share at 3.3% yield

Macatawa Bank (NASDAQ:MCBC) Is Paying Out A Dividend Of $0.08

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Macatawa Bank Corporation Declares Quarterly Cash Dividend, Payable on August 30, 2023

Upcoming dividend of US$0.08 per share at 3.7% yield

Macatawa Bank (NASDAQ:MCBC) Is Paying Out A Dividend Of $0.08

First quarter 2023 earnings: EPS exceeds analyst expectations

Upcoming dividend of US$0.08 per share at 3.0% yield

Macatawa Bank (NASDAQ:MCBC) Is Paying Out A Dividend Of $0.08

Price target increased by 9.3% to US$11.75

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Macatawa Bank Corporation Declares Quarterly Dividend, Payable on February 28, 2023

Price target increased to US$10.75

Insufficient new directors

Upcoming dividend of US$0.08 per share

Investor sentiment improved over the past week

Macatawa Bank (NASDAQ:MCBC) Has Announced A Dividend Of $0.08

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Macatawa Bank Corporation Declares Quarterly Dividend, Payable on November 30, 2022

Macatawa Bank goes ex-dividend tomorrow

Macatawa Bank (NASDAQ:MCBC) Has Announced A Dividend Of $0.08

Upcoming dividend of US$0.08 per share

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Macatawa Bank Corporation Declares Quarterly Dividend, Payable on August 25, 2022

Upcoming dividend of US$0.08 per share

Price target increased to US$9.50

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Insufficient new directors

Independent Director recently bought US$56k worth of stock

Macatawa Bank: Lower Average Loan Balance To Drag Earnings This Year

Upcoming dividend of US$0.08 per share

Macatawa Bank (NASDAQ:MCBC) Is Due To Pay A Dividend Of US$0.08

Full year 2021 earnings: EPS and revenues miss analyst expectations

Macatawa Bank Corporation Declares Quarterly Cash Dividend, Payable on February 24, 2022

Insufficient new directors

Macatawa Bank (NASDAQ:MCBC) Has Affirmed Its Dividend Of US$0.08

Upcoming dividend of US$0.08 per share

Third quarter 2021 earnings released: EPS US$0.21 (vs US$0.21 in 3Q 2020)

Upcoming dividend of US$0.08 per share

Price target decreased to US$9.00

Macatawa Bank (NASDAQ:MCBC) Has Announced A Dividend Of US$0.08

Second quarter 2021 earnings released: EPS US$0.23 (vs US$0.22 in 2Q 2020)

Upcoming dividend of US$0.08 per share

Macatawa Bank Corporation Declares Quarterly Cash Dividend, Payable on May 27, 2021

It May Be Possible That Macatawa Bank Corporation's (NASDAQ:MCBC) CEO Compensation Could Get Bumped Up

First quarter 2021 earnings released: EPS US$0.23 (vs US$0.19 in 1Q 2020)