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Macatawa Bank Corporation
Index- P/E9.11 EPS (ttm)0.93 Insider Own23.92% Shs Outstand34.19M Perf Week3.81%
Market Cap287.55M Forward P/E12.30 EPS next Y0.69 Insider Trans0.00% Shs Float26.01M Perf Month9.74%
Income31.70M PEG1.14 EPS next Q0.21 Inst Own36.20% Short Float1.67% Perf Quarter1.93%
Sales63.70M P/S4.51 EPS this Y-5.80% Inst Trans0.10% Short Ratio6.60 Perf Half Y-13.42%
Book/sh7.26 P/B1.16 EPS next Y-22.81% ROA1.20% Target Price9.00 Perf Year11.33%
Cash/sh36.20 P/C0.23 EPS next 5Y8.00% ROE13.20% 52W Range6.87 - 10.66 Perf YTD0.96%
Dividend0.32 P/FCF15.46 EPS past 5Y18.50% ROI19.90% 52W High-20.73% Beta0.82
Dividend %3.79% Quick Ratio- Sales past 5Y6.40% Gross Margin- 52W Low23.00% ATR0.16
Employees286 Current Ratio- Sales Q/Q-7.90% Oper. Margin93.60% RSI (14)67.51 Volatility1.88% 1.68%
OptionableYes Debt/Eq0.08 EPS Q/Q2.10% Profit Margin49.80% Rel Volume0.98 Prev Close8.28
ShortableYes LT Debt/Eq0.08 EarningsJul 22 AMC Payout34.50% Avg Volume65.68K Price8.45
Recom3.00 SMA204.26% SMA504.90% SMA200-5.12% Volume64,059 Change2.05%
May-25-16Initiated Hovde Group Market Perform $7.75
Oct-15-08Upgrade Keefe Bruyette Underperform → Mkt Perform $6.50 → $6
Jul-16-08Reiterated RBC Capital Mkts Underperform $9 → $7
Apr-23-08Reiterated RBC Capital Mkts Underperform $8 → $9
Jan-16-08Reiterated RBC Capital Mkts Underperform $9 → $8
Dec-19-07Reiterated RBC Capital Mkts Underperform $11 → $9
Oct-17-07Reiterated RBC Capital Mkts Underperform $13 → $11
Jul-17-07Downgrade RBC Capital Mkts Sector Perform → Underperform
May-10-07Initiated Stifel Nicolaus Hold
Apr-18-07Reiterated RBC Capital Mkts Sector Perform $20 → $17
Mar-16-07Reiterated RBC Capital Mkts Sector Perform $21 → $20
Jan-18-07Reiterated RBC Capital Mkts Sector Perform $23 → $21
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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. The company also offers ATM and debit card processing, cash management, trust and brokerage, and ecommerce services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. As of January 28, 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.