Macatawa Bank Corporation
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $9.075
- Today's High:
- $9.1
- Open Price:
- $9.08
- 52W Low:
- $6.8366
- 52W High:
- $11.4626
- Prev. Close:
- $9.08
- Volume:
- 49975
Company Statistics
- Market Cap.:
- $311.37 million
- Book Value:
- 7.693
- Revenue TTM:
- $104.79 million
- Operating Margin TTM:
- 53.87%
- Gross Profit TTM:
- $91.29 million
- Profit Margin:
- 42.45%
- Return on Assets TTM:
- 1.64%
- Return on Equity TTM:
- 17.55%
Company Profile
Macatawa Bank Corporation had its IPO on 1998-05-20 under the ticker symbol MCBC.
The company operates in the Financial Services sector and Banks-Regional industry. Macatawa Bank Corporation has a staff strength of 287 employees.
Stock update
Shares of Macatawa Bank Corporation opened at $9.08 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $9.08 - $9.1, and closed at $9.1.
This is a +0.22% increase from the previous day's closing price.
A total volume of 49,975 shares were traded at the close of the day’s session.
In the last one week, shares of Macatawa Bank Corporation have slipped by -3.29%.
Macatawa Bank Corporation's Key Ratios
Macatawa Bank Corporation has a market cap of $311.37 million, indicating a price to book ratio of 1.5679 and a price to sales ratio of 4.4151.
In the last 12-months Macatawa Bank Corporation’s revenue was $104.79 million with a gross profit of $91.29 million and an EBITDA of $0. The EBITDA ratio measures Macatawa Bank Corporation's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Macatawa Bank Corporation’s operating margin was 53.87% while its return on assets stood at 1.64% with a return of equity of 17.55%.
In Q2, Macatawa Bank Corporation’s quarterly earnings growth was a positive 57.9% while revenue growth was a positive 27.5%.
Macatawa Bank Corporation’s PE and PEG Ratio
- Forward PE
- 0
- Trailing PE
- 7.0388
- PEG
- 4.62
Its diluted EPS in the last 12-months stands at $1.29 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 4.62. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Macatawa Bank Corporation’s profitability.
Macatawa Bank Corporation stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 4.4151.
Macatawa Bank Corporation stock pays annual dividends of $0.32 per share, indicating a yield of 3.51% and a payout ratio of 24.81%.
Balance sheet and cash flow metrics
- Total Assets
- $2.63 billion
- Total Liabilities
- $2.34 billion
- Operating Cash Flow
- $-34825000.00
- Capital Expenditure
- $42000
- Dividend Payout Ratio
- 24.81%
Macatawa Bank Corporation ended 2024 with $2.63 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.63 billion while shareholder equity stood at $263.82 million.
Macatawa Bank Corporation ended 2024 with $0 in deferred long-term liabilities, $2.34 billion in other current liabilities, 219909000.00 in common stock, $74.67 million in retained earnings and $0 in goodwill. Its cash balance stood at $40.26 million and cash and short-term investments were $383.93 million. The company’s total short-term debt was $0 while long-term debt stood at $30.00 million.
Macatawa Bank Corporation’s total current assets stands at $391.43 million while long-term investments were $512.84 million and short-term investments were $512.84 million. Its net receivables were $7.50 million compared to accounts payable of $14.89 million and inventory worth $0.
In 2024, Macatawa Bank Corporation's operating cash flow was $-34825000.00 while its capital expenditure stood at $42000.
Comparatively, Macatawa Bank Corporation paid $0.25 in dividends in 2024.
Other key metrics
- Current Trading Price
- $9.1
- 52-Week High
- $11.4626
- 52-Week Low
- $6.8366
- Analyst Target Price
- $11.25
Macatawa Bank Corporation stock is currently trading at $9.1 per share. It touched a 52-week high of $11.4626 and a 52-week low of $11.4626. Analysts tracking the stock have a 12-month average target price of $11.25.
Its 50-day moving average was $9.36 and 200-day moving average was $9.78 The short ratio stood at 2.29 indicating a short percent outstanding of 0%.
Around 2408.8% of the company’s stock are held by insiders while 4262.4% are held by institutions.
Frequently Asked Questions About Macatawa Bank Corporation
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About
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.