MCBC Stock Price, Macatawa Bank Corp Quote, Chart

Market Summary

USD14.27-0.06

Delayedas of 26 Apr 2024, 10:51 am

-0.42%

MCBC Stock Price

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MCBC RSI Chart

MCBC Valuation

Market Cap

485.5M

Price/Earnings (Trailing)

11.84

Price/Sales (Trailing)

4.2

EV/EBITDA

3.48

Price/Free Cashflow

12.04

MCBC Price/Sales (Trailing)

MCBC Profitability

EBT Margin

44.03%

Return on Equity

14%

Return on Assets

1.57%

Free Cashflow Yield

8.31%

MCBC Fundamentals

MCBC Revenue

Revenue (TTM)

115.6M

Rev. Growth (Yr)

6.64%

Rev. Growth (Qtr)

-1.89%

MCBC Earnings

Earnings (TTM)

41.0M

Earnings Growth (Yr)

-18.42%

Earnings Growth (Qtr)

3.14%

Breaking Down MCBC Revenue

52 Week Range

8.3414.38

(Low)(High)

Last 7 days

3.5%

Last 30 days

52.0%

Last 90 days

29.0%

Trailing 12 Months

53.6%

How does MCBC drawdown profile look like?

MCBC Financial Health

MCBC Investor Care

Dividend Yield

2.41%

Dividend/Share (TTM)

0.34

Shares Dilution (1Y)

0.20%

Diluted EPS (TTM)

1.33

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	115.6M	0	0	0
2023	89.0M	100.7M	109.6M	113.8M
2022	56.5M	56.8M	62.8M	74.9M
2021	65.0M	63.7M	62.7M	58.6M
2020	74.2M	71.5M	68.3M	67.2M
2019	72.2M	74.6M	76.0M	75.9M
2018	59.8M	62.6M	65.7M	69.0M
2017	53.3M	54.5M	56.0M	57.7M
2016	50.4M	51.0M	51.7M	52.5M
2015	47.0M	47.7M	48.5M	49.4M
2014	48.2M	47.4M	47.1M	47.0M
2013	55.6M	54.0M	49.7M	48.6M
2012	59.0M	57.4M	58.8M	57.3M
2011	72.2M	68.4M	64.6M	60.8M
2010	0	0	0	76.0M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Macatawa Bank Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Nov 28, 2023	barker bryan l	sold (taxes)	-1,494	9.64	-155	chief financial officer, svp
Nov 16, 2023	le roy michael k.	acquired	-	-	1,936	-
Nov 16, 2023	white bay capital, lllp	acquired	-	-	1,936	-
Nov 16, 2023	herr robert l	acquired	-	-	1,936	-
Nov 16, 2023	barker bryan l	sold	-	-	-4,587	chief financial officer, svp
Nov 16, 2023	rosenbach thomas p	acquired	-	-	1,936	-
Nov 16, 2023	klohs birgit m.	acquired	-	-	1,936	-
Nov 16, 2023	padnos douglas b	acquired	-	-	1,936	-
Nov 16, 2023	walcott jill a	acquired	-	-	7,135	senior v.p. retail banking
Nov 16, 2023	hankinson craig a	acquired	-	-	9,683	chief operating officer

Which funds bought or sold MCBC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	FIFTH THIRD BANCORP	sold off	-100	-33,840	-	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-60.6	-17,000	9,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	32,536	158,191	-%
Apr 22, 2024	Raymond James Financial Services Advisors, Inc.	added	9.88	-61,414	1,264,650	-%
Apr 22, 2024	DRIVE WEALTH MANAGEMENT, LLC	added	7.23	-9,202	123,444	0.04%
Apr 22, 2024	SAPIENT CAPITAL LLC	reduced	-33.48	-98,702	134,828	-%
Apr 18, 2024	Well Done, LLC	reduced	-1.09	-145,731	883,570	0.17%
Apr 17, 2024	LVZ, Inc.	unchanged	-	-17,755	116,691	0.02%
Apr 16, 2024	NORRIS PERNE & FRENCH LLP/MI	unchanged	-	-25,342	166,508	0.01%
Apr 16, 2024	VOISARD ASSET MANAGEMENT GROUP, INC.	unchanged	-	-14,851	97,577	0.06%

Are Funds Buying or Selling MCBC?

Are funds buying MCBC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MCBC

No. of Funds

Unveiling Macatawa Bank Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	alliancebernstein l.p.	5.9%	2,038,609	SC 13G
Feb 07, 2024	blackrock inc.	4.9%	1,693,482	SC 13G/A
Jan 31, 2024	blackrock inc.	5.2%	1,766,672	SC 13G
Apr 08, 2022	blackrock inc.	4.9%	1,693,807	SC 13G/A
Feb 04, 2022	blackrock inc.	5.1%	1,746,578	SC 13G

Recent SEC filings of Macatawa Bank Corp

View All Filings

Date Filed	Form Type	Document
Apr 25, 2024	DEFA14A	DEFA14A
Apr 25, 2024	8-K	Current Report
Apr 25, 2024	10-Q	Quarterly Report
Apr 15, 2024	DEFA14A	DEFA14A
Apr 15, 2024	DEFA14A	DEFA14A
Apr 15, 2024	DEFA14A	DEFA14A
Apr 15, 2024	DEFA14A	DEFA14A
Apr 15, 2024	DEFA14A	DEFA14A
Apr 15, 2024	8-K	Current Report
Apr 15, 2024	425	Prospectus Filed

Peers (Alternatives to Macatawa Bank Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	556.9B	171.1B	-1.23%	42.96%	11.24	3.25	60.72%	31.52%
BAC	298.3B	130.3B	2.16%	33.23%	11.25	2.29	79.51%	-3.68%
WFC	214.2B	85.7B	5.65%	51.75%	11.19	2.5	41.49%	39.96%
C	118.1B	133.3B	0.19%	33.28%	12.8	0.89	79.09%	-
CFG	16.1B	10.2B	0.49%	19.99%	9.98	1.57	44.53%	-22.43%
KEY	13.6B	7.9B	-2.99%	38.35%	14.11	1.72	46.47%	-49.56%
MID-CAP
CMA	6.9B	4.2B	0.27%	28.36%	7.84	1.65	56.25%	-23.46%
ZION	6.1B	3.9B	0.15%	56.31%	8.99	1.55	45.91%	-25.03%
ABCB	3.3B	1.3B	1.98%	45.44%	12.19	2.56	43.24%	-22.35%
ASB	3.2B	2.0B	4.09%	22.34%	17.64	1.65	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	405.4M	164.9M	-2.75%	45.78%	34.66	2.46	42.66%	-70.76%
AROW	375.3M	162.6M	-6.28%	5.24%	12.48	2.31	25.39%	-38.37%
ACNB	282.4M	96.6M	-5.74%	8.07%	8.91	2.92	11.02%	-11.37%
ASRV	47.8M	60.9M	1.82%	-1.75%	-14.3	0.79	24.06%	-144.92%

Macatawa Bank Corp News

Latest updates

Macatawa Bank Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-1.9%	29.00	30.00	30.00	27.00	27.00	25.00	21.00	15.00	13.00	13.00	15.00	15.00	15.00	17.00	16.00	17.00	17.00	18.00	19.00	19.00	19.00
EBITDA Margin	-4.6%	1.19*	1.24*	1.33*	1.41*	1.48*	1.53*	1.56*	1.58*	1.61*	1.61*	1.61*	1.59*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.3%	21.00	21.00	22.00	21.00	23.00	23.00	20.00	15.00	13.00	13.00	14.00	14.00	14.00	17.00	15.00	15.00	15.00	16.00	16.00	16.00	16.00
Income Taxes	3.7%	2.00	2.00	3.00	2.00	3.00	3.00	2.00	1.00	1.00	1.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	2.00	2.00	2.00	2.00
Earnings Before Taxes	3.2%	12.00	12.00	14.00	13.00	15.00	15.00	13.00	8.00	7.00	8.00	9.00	10.00	10.00	11.00	9.00	9.00	8.00	10.00	10.00	10.00	9.00
EBT Margin	-6.8%	0.44*	0.47*	0.52*	0.55*	0.57*	0.57*	0.57*	0.56*	0.59*	0.61*	0.62*	0.61*	-	-	-	-	-	-	-	-	-
Net Income	3.1%	10.00	9.00	11.00	10.00	12.00	12.00	10.00	7.00	6.00	6.00	7.00	8.00	8.00	9.00	7.00	8.00	6.00	8.00	8.00	8.00	8.00
Net Income Margin	-6.6%	0.35*	0.38*	0.42*	0.44*	0.46*	0.46*	0.46*	0.46*	0.48*	0.49*	0.51*	0.50*	-	-	-	-	-	-	-	-	-
Free Cashflow	-29.4%	9.00	13.00	8.00	10.00	12.00	14.00	9.00	5.00	6.00	7.00	12.00	12.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-4.9%	2,615	2,749	2,760	2,630	2,637	2,907	2,835	2,781	2,930	2,929	2,902	2,941	2,734	2,642	2,509	2,451	2,031	2,069	2,144	1,978	1,926
Cash Equivalents	-100.0%	-	9.00	-	-	421	8.00	767	760	1,111	8.00	1,270	1,220	912	784	-	-	-	272	-	-	-
Net PPE	1.0%	39.00	39.00	39.00	40.00	40.00	40.00	41.00	41.00	41.00	42.00	42.00	43.00	43.00	43.00	44.00	43.00	43.00	43.00	44.00	44.00	45.00
Liabilities	-5.7%	2,322	2,462	2,490	2,366	2,377	2,660	2,598	2,538	2,684	2,675	2,649	2,693	2,492	2,402	2,275	2,222	1,808	1,851	1,933	1,773	1,728
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	21.00	21.00	21.00	21.00	21.00	21.00	21.00	41.00	41.00	41.00
Shareholder's Equity	2.1%	293	287	270	264	261	247	237	243	246	254	252	248	242	240	234	229	224	217	212	206	198
Retained Earnings	7.5%	96.00	90.00	83.00	75.00	67.00	59.00	50.00	42.00	38.00	35.00	32.00	27.00	22.00	17.00	11.00	6.00	2.00	-2.18	-7.98	-13.76	-19.38
Shares Outstanding	0%	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	291	-	-	-	277	-	-	-	274	-	-	-	245	-	-	-	320	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-21.0%	10,116	12,798	8,164	10,109	12,729	14,670	9,099	4,876	6,155	7,180	11,820	12,237	4,687	9,752	5,116	5,782	9,925	6,682	6,907	7,459	8,672
Share Based Compensation	-42.2%	166	287	180	183	170	167	142	197	197	187	167	166	164	145	109	142	109	153	110	105	59.00
Cashflow From Investing	206.4%	42,424	-39,858	-2,929	-34,825	-60,166	-82,096	-61,618	-210,165	-48,601	-147,293	83,068	96,794	36,832	115,758	18,324	-163,163	-34,535	-14,729	-24,016	38,584	25,283
Cashflow From Financing	-336.8%	-144,411	-33,061	121,307	-12,091	-286,995	56,044	58,869	-145,449	1,598	21,963	-45,267	199,401	86,630	125,226	49,555	410,191	-40,645	-89,939	156,662	40,854	-61,253
Dividend Payments	-0.1%	3,082	3,084	2,734	2,734	2,733	2,729	2,730	2,728	2,728	2,724	2,725	2,723	2,723	2,720	2,720	2,720	2,720	2,378	2,372	2,383	2,378
Buy Backs	-100.0%	-	121	-	7.00	15.00	172	15.00	7.00	13.00	97.00	21.00	7.00	5.00	62.00	13.00	-	11.00	96.00	-	5.00	-

MCBC Income Statement

2023-12-31

Consolidated Statements of Income - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Interest income

Loans, including fees

$ 69,537

$ 47,176

Securities

Taxable

18,191

11,333

Tax-exempt

2,764

2,803

FHLB Stock

318

199

Federal funds sold and other short-term investments

23,001

13,395

Total interest income

113,811

74,906

Interest expense

Deposits

25,730

3,773

Other borrowings

634

987

Total interest expense

26,364

4,760

Net interest income

87,447

70,146

Provision (benefit) for credit losses

550

^[1]

(1,125)

Net interest income after provision (benefit) for credit losses

86,897

71,271

Noninterest income

Net gains on mortgage loans

65

706

BOLI income

903

878

Other

2,338

2,755

Total noninterest income

18,441

20,019

Noninterest expense

Salaries and benefits

28,620

26,194

Occupancy of premises

4,208

4,200

Furniture and equipment

4,199

4,008

Legal and professional

1,425

961

Marketing and promotion

803

Data processing

3,953

3,756

FDIC assessment

1,320

789

Interchange and other card expense

1,633

1,586

Bond and D&O Insurance

490

518

Other

4,940

5,411

Total noninterest expenses

51,591

48,226

Income before income tax

53,747

43,064

Income tax expense

10,523

8,333

Net income

$ 43,224

$ 34,731

Basic and diluted earnings per common share (in dollars per share)

$ 1.26

$ 1.01

Cash dividends per common share (in dollars per share)

$ 0.33

$ 0.32

Service [Member]

Noninterest income

Noninterest revenue

$ 4,109

$ 4,769

Trust Fees [Member]

Noninterest income

Noninterest revenue

4,332

4,143

ATM and Debit Card Fees [Member]

Noninterest income

Noninterest revenue

$ 6,694

$ 6,768

[1]	Beginning January 1, 2023, calculation is based on CECL methodology. Prior to January 1, 2023, calculation was based on probable incurred loss methodology.

MCBC Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 32,317	$ 51,215
Federal funds sold and other short-term investments	418,035	703,955
Cash and cash equivalents	450,352	755,170
Securities available for sale, at fair value	508,798	499,257
Securities held to maturity (fair value 2023 - $322,098 and 2022 - $332,650)	331,523	348,765
Federal Home Loan Bank (FHLB) stock	10,211	10,211
Loans held for sale, at fair value	0	215
Total loans	1,338,386	1,177,748
Allowance for credit losses	(17,442)	(15,285)
Net loans	1,320,944	1,162,463
Premises and equipment – net	38,604	40,306
Accrued interest receivable	8,976	7,606
Bank-owned life insurance	54,249	53,345
Other real estate owned - net	0	2,343
Deferred tax asset - net	7,202	9,712
Other assets	17,840	17,526
Total assets	2,748,699	2,906,919
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest-bearing	643,035	834,879
Interest-bearing	1,772,695	1,780,263
Total deposits	2,415,730	2,615,142
Other borrowed funds	30,000	30,000
Accrued expenses and other liabilities	15,884	14,739
Total liabilities	2,461,614	2,659,881
Commitments and Contingencies (Notes 16 and 17)
Shareholders' equity
Common stock, no par value, 200,000,000 shares authorized; 34,361,562 and 34,298,640 shares issued and outstanding, respectively	220,255	219,578
Retained earnings	89,760	59,036
Accumulated other comprehensive loss	(22,930)	(31,576)
Total shareholders' equity	287,085	247,038
Total liabilities and shareholders' equity	$ 2,748,699	$ 2,906,919

About Macatawa Bank Corp

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, 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. The company also offers ATM and debit card processing, cash management, trust, and brokerage services. In addition, it provides fraud protection; collection services; disbursement solutions; fund management; and investment and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. Macatawa Bank Corporation was incorporated in 1997 and is based in Holland, Michigan.

CEO	Mr. Ronald L. Haan
WEBSITE	macatawabank.com
INDUSTRY	Banks Diversified
EMPLOYEES	287

Macatawa Bank Corp Frequently Asked Questions

What is the ticker symbol for Macatawa Bank Corp? What does MCBC stand for in stocks?

MCBC is the stock ticker symbol of Macatawa Bank Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Macatawa Bank Corp (MCBC)?

As of Thu Apr 25 2024, market cap of Macatawa Bank Corp is 485.53 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MCBC stock?

You can check MCBC's fair value in chart for subscribers.

What is the fair value of MCBC stock?

You can check MCBC's fair value in chart for subscribers. The fair value of Macatawa Bank Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Macatawa Bank Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MCBC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Macatawa Bank Corp a good stock to buy?

The fair value guage provides a quick view whether MCBC is over valued or under valued. Whether Macatawa Bank Corp is cheap or expensive depends on the assumptions which impact Macatawa Bank Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MCBC.

What is Macatawa Bank Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 25 2024, MCBC's PE ratio (Price to Earnings) is 11.84 and Price to Sales (PS) ratio is 4.2. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MCBC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Macatawa Bank Corp's stock?

In the past 10 years, Macatawa Bank Corp has provided 0.135 (multiply by 100 for percentage) rate of return.