Market research
MCBC Macatawa Bank Corporation
NASDAQ USD Financial Services
Latest close
As of 29 Dec 2024
Test a moving-average rule with historical data.
Market facts
- Market cap
- 509M
- P/E ratio
- 54.89
- Analyst target
- 15
- Dividend yield
- 2.4%
- Beta
- 0.53
Profile
Instrument facts
- Exchange
- NASDAQ
- Currency
- USD
- Sector
- Financial Services
- Industry
- Banks - Regional
- ISIN
- Not available
- Market cap
- 509M
- P/E ratio
- 54.89
- Analyst target
- 15
- Dividend yield
- 2.4%
- Beta
- 0.53
About
About Macatawa Bank Corporation
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. The company also offers ATM and debit card processing, cash management, and brokerage services. In addition, it provides asset management, personal trust, and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. The company was incorporated in 1997 and is based in Holland, Michigan.
Research context
Macatawa Bank Corporation appears in PyInvesting’s US Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- USD
- Sector
- Financial Services
- Industry
- Banks - Regional
These are the latest stored catalogue classifications, not a historical classification snapshot. An issuer description, classification effective date or currency may be unavailable. Check the issuer’s own disclosures and the observation dates before using these fields for research.
Review backtest assumptions and evidence before treating a chart or stored history as a research result.
Community
Investor discussion
1 comment
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5 years, 7 months ago
Macatawa Bank Corporation is currently in a long term downtrend where the price is trading 5.4% below its 200 day moving average.
From a valuation standpoint, the stock is 54.8% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 4.1.
Macatawa Bank Corporation's total revenue rose by 14.1% to $23M since the same quarter in the previous year.
Its net income has increased by 10.1% to $9M since the same quarter in the previous year.
Finally, its free cash flow grew by 50.5% to $10M since the same quarter in the previous year.
Based on the above factors, Macatawa Bank Corporation gets an overall score of 4/5.