MCBC Stock Overview
Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that provides commercial and consumer banking and trust services.
Macatawa Bank Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$8.54|
|52 Week High||US$10.66|
|52 Week Low||US$7.37|
|1 Month Change||-1.27%|
|3 Month Change||5.04%|
|1 Year Change||4.66%|
|3 Year Change||-8.57%|
|5 Year Change||-13.56%|
|Change since IPO||28.43%|
Recent News & Updates
Macatawa Bank (NASDAQ:MCBC) Has Affirmed Its Dividend Of US$0.08
The board of Macatawa Bank Corporation ( NASDAQ:MCBC ) has announced that it will pay a dividend on the 29th of...
Macatawa Bank (NASDAQ:MCBC) Has Announced A Dividend Of US$0.08
The board of Macatawa Bank Corporation ( NASDAQ:MCBC ) has announced that it will pay a dividend of US$0.08 per share...
|MCBC||US Banks||US Market|
Return vs Industry: MCBC underperformed the US Banks industry which returned 40.8% over the past year.
Return vs Market: MCBC underperformed the US Market which returned 19.4% over the past year.
|MCBC Average Weekly Movement||2.8%|
|Banks Industry Average Movement||3.8%|
|Market Average Movement||6.1%|
|10% most volatile stocks in US Market||14.8%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: MCBC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: MCBC's weekly volatility (3%) has been stable over the past year.
About the Company
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 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, and 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 Fundamentals Summary
|MCBC fundamental statistics|
Is MCBC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MCBC income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.93|
|Net Profit Margin||37.11%|
How did MCBC perform over the long term?See historical performance and comparison
3.7%Current Dividend Yield
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 ($8.54) is trading below our estimate of fair value ($19.05)
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 (9.2x) compared to the US Banks industry average (10.8x).
PE vs Market: MCBC is good value based on its PE Ratio (9.2x) compared to the US market (16.9x).
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's PB Ratio (1.2x) is in line with the US Banks industry average.
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 (-10.6% per year).
Earnings vs Market: MCBC's earnings are forecast to decline over the next 3 years (-10.6% per year).
High Growth Earnings: MCBC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MCBC's revenue (0.4% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: MCBC's revenue (0.4% per year) is forecast to grow slower than 20% 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 (9.4%).
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 (37.1%) are higher than last year (36.5%).
Past Earnings Growth Analysis
Earnings Trend: MCBC's earnings have grown by 15.8% per year over the past 5 years.
Accelerating Growth: MCBC's earnings growth over the past year (8.4%) is below its 5-year average (15.8% per year).
Earnings vs Industry: MCBC earnings growth over the past year (8.4%) underperformed the Banks industry 43.1%.
Return on Equity
High ROE: MCBC's Return on Equity (12.6%) 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 (11.5x) is moderate.
Allowance for Bad Loans: MCBC has a sufficient allowance for bad loans (3936%).
Low Risk Liabilities: 96% 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 (39%).
Low Risk Deposits: MCBC's Loans to Deposits ratio (44%) 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 (3.75%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: MCBC's dividend (3.75%) is in the top 25% of dividend payers in the US market (3.61%)
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 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.4%), 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 (42.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ron Haan (67 yo)
Mr. Ronald L. Haan, also known as Ron, has been the Chief Executive Officer and President of Macatawa Bank Corporation since August 2009. Mr. Haan serves as Chairman, President and Chief Executive Officer...
CEO Compensation Analysis
Compensation vs Market: Ron's total compensation ($USD609.51K) is below average for companies of similar size in the US market ($USD1.15M).
Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.
Experienced Management: MCBC's management team is seasoned and experienced (16.1 years average tenure).
Experienced Board: MCBC's board of directors are seasoned and experienced ( 11.2 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Macatawa Bank Corporation's 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$291.981m
- Shares outstanding: 34.19m
- Website: https://www.macatawabank.com
Number of Employees
- Macatawa Bank Corporation
- 10753 Macatawa Drive
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/03 23:57|
|End of Day Share Price||2021/12/03 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.