/MCBC

MCBC Stock - Macatawa Bank Corporation

Q: What is the analyst price target for MCBC?

Analyst price target information is not currently available for MCBC.

Q: What is MCBC's market cap?

Market capitalization information is not currently available for MCBC.

Financial Services|Banks - Regional|NASDAQ

$14.82-0.87%

$0.13 (-0.87%) • Jul 31

GoAI Score

Weighted average: Momentum (25%) + Sentiment (35%) + Risk (20%) + Value (20%). ≥70 = BUY, ≤35 = SELL.

BUY

Medium Confidence

Momentum

Momentum Score

Based on price vs 50-day MA (40%), 200-day MA (40%), and MA crossover (20%). Higher = stronger uptrend.

Sentiment

Sentiment Score

Based on analyst price target upside. 50 = neutral, 100 = very bullish (25%+ upside expected).

Risk Score

Based on stock beta (volatility). Higher score = lower risk. Red (<40) = high volatility, Green (>60) = stable.

Price Target

Average analyst price target from the last quarter. Shows expected upside/downside from current price.

+10.0%upside

Target: $16.30

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Financial Statements

Revenue & Profitability Trend

FY2019

FY2020

FY2021

FY2022

FY2023

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Revenue

Net Income (Profit)

Net Loss

Key Metrics

Market CapN/A

P/E RatioN/A

Beta0.53

52W High$15.16

52W Low$8.31

Avg VolumeN/A

Income Statement (Fiscal Year)

Metric	FY2023	FY2022	FY2021	FY2020	FY2019
Revenue	$132.25M	$13.67M	$79.76M	$85.51M	$83.22M
Gross Profit	$18.44M	$13.67M	$79.76M	$85.51M	$83.22M
Gross Margin	13.9%	100.0%	100.0%	100.0%	100.0%
Operating Income	$53.75M	$47.82M	$35.72M	$36.79M	$39.44M
Net Income	$43.22M	$34.73M	$29.01M	$30.16M	$31.98M
Net Margin	32.7%	254.0%	36.4%	35.3%	38.4%
EPS	$1.26	$1.01	$0.85	$0.88	$0.94

Company Overview

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. As of December 31, 2021, the company had 26 full-service branches in Kent, Ottawa, and northern Allegan counties, Michigan. Macatawa Bank Corporation was incorporated in 1997 and is based in Holland, Michigan.

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Rating Distribution

Strong Buy

Buy / Outperform

100%

Hold / Neutral

Sell / Underperform

Analyst Consensus🟢 Bullish

3 Bullish0 Neutral/Bearish

Price Targets

$13

Average Target

↓ 13.4% Downside

Now

$11

Low

$13

Average

$15

High

Based on 3 analysts

Recent Analyst Actions

Date	Firm	Action	Rating	Price Target
April 29th 2024	Keefe Bruyette	Upgrade	Outperform	$15← $12
December 20th 2023	Hovde Group	Upgrade	Outperform	$12.5← $11
August 30th 2023	Janney	Initiation	Buy	$11

Earnings History & Surprises

MCBC

Beat Rate

56%

Last 16 quarters

Avg Surprise

+11.7%

EPS vs Estimate

Beats / Misses

9/5

2 met exactly

Latest EPS

$0.29

Q2 2024

EPS Surprise History

Q3 22

+11.8%

$0.19vs$0.17

Q4 22

+20.8%

$0.29vs$0.24

Q1 23

+6.1%

$0.35vs$0.33

Q2 23

+6.1%

$0.35vs$0.33

Q3 23

-9.1%

$0.30vs$0.33

Q4 23

+6.5%

$0.33vs$0.31

Q1 24

0.0%

$0.31vs$0.31

Q2 24

-3.3%

$0.29vs$0.30

Beat Estimate

Missed Estimate

Quarterly EPS Details

Period	Report Date	Estimated EPS	Actual EPS	Surprise	Result
Q2 2025	Apr 23, 2025	—	—	—	—
Q1 2025	Jan 23, 2025	—	—	—	—
Q4 2024	Oct 24, 2024	$0.29	—	—	—
Q3 2024	Aug 8, 2024	$0.29	—	—	—
Q2 2024	Apr 25, 2024	$0.30	$0.29	-3.3%	✗ MISS
Q1 2024	Jan 25, 2024	$0.31	$0.31	0.0%	= MET
Q4 2023	Oct 26, 2023	$0.31	$0.33	+6.5%	✓ BEAT
Q3 2023	Jul 27, 2023	$0.33	$0.30	-9.1%	✗ MISS
Q2 2023	Apr 27, 2023	$0.33	$0.35	+6.1%	✓ BEAT
Q1 2023	Jan 26, 2023	$0.33	$0.35	+6.1%	✓ BEAT
Q4 2022	Oct 27, 2022	$0.24	$0.29	+20.8%	✓ BEAT
Q3 2022	Jul 28, 2022	$0.17	$0.19	+11.8%	✓ BEAT
Q2 2022	Apr 28, 2022	$0.16	$0.18	+12.5%	✓ BEAT
Q1 2022	Jan 27, 2022	$0.19	$0.18	-5.3%	✗ MISS
Q4 2021	Oct 28, 2021	$0.22	$0.21	-4.5%	✗ MISS
Q3 2021	Jul 22, 2021	$0.23	$0.23	0.0%	= MET
Q2 2021	Apr 22, 2021	$0.27	$0.23	-14.8%	✗ MISS
Q1 2021	Jan 28, 2021	$0.20	$0.26	+30.0%	✓ BEAT
Q4 2020	Oct 22, 2020	$0.13	$0.21	+61.5%	✓ BEAT
Q3 2020	Jul 23, 2020	$0.13	$0.22	+69.2%	✓ BEAT

Frequently Asked Questions about MCBC

What is MCBC's current stock price?

Macatawa Bank Corporation (MCBC) is currently trading at $14.82 per share. The stock has moved -0.87% today.

What is the analyst price target for MCBC?

No analyst price targets are currently available for this stock.

What sector is Macatawa Bank Corporation in?

Macatawa Bank Corporation operates in the Financial Services sector, specifically within the Banks - Regional industry. The company is traded on the NASDAQ exchange.

What is MCBC's market cap?

Macatawa Bank Corporation has a market capitalization of $0.51 billion, making it a small-cap company.

Does MCBC pay dividends?

No, Macatawa Bank Corporation does not currently pay a dividend to shareholders.