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NASDAQ: MCBC
Macatawa Bank Corp Stock

$9.76-0.04 (-0.41%)
Updated Mar 1, 2024
MCBC Price
$9.76
Fair Value Price
$10.92
Market Cap
$335.37M
52 Week Low
$6.96
52 Week High
$11.91
P/E
7.75x
P/B
1.17x
P/S
3.67x
PEG
1.06x
Dividend Yield
3.48%
Revenue
$105.34M
Earnings
$43.22M
Gross Margin
100%
Operating Margin
51.02%
Profit Margin
41%
Debt to Equity
8.58
Operating Cash Flow
$44M
Beta
0.78
Next Earnings
Apr 25, 2024
Ex-Dividend
N/A
Next Dividend
N/A

MCBC 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.

Zen Score

Industry Average (34)
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Due Diligence Checks

MCBC ($9.76) is undervalued by 10.59% relative to our estimate of its Fair Value price of $10.92 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
MCBC ($9.76) is not significantly undervalued (10.59%) relative to our estimate of its Fair Value price of $10.92 based on Discounted Cash Flow (DCF) modelling, when including a healthy margin of safety
Significantly Below Fair Value Valuation
MCBC ($9.76) is trading below... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
There are 35 more MCBC due diligence checks available for Premium users.

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MCBC News

Valuation

MCBC fair value

Fair Value of MCBC stock based on Discounted Cash Flow (DCF)
Price
$9.76
Fair Value
$10.92
Undervalued by
10.59%
MCBC ($9.76) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
MCBC ($9.76) is not significantly... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
MCBC ($9.76) is trading below... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

MCBC price to earnings (PE)

For valuing profitable companies with steady earnings
Company
7.75x
Industry
-9.95x
Market
36.17x
MCBC is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
MCBC is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

MCBC price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
1.17x
Industry
0.98x
MCBC is poor value based... subscribe to Premium to read more.
P/B vs Industry Valuation

MCBC price to earnings growth (PEG)

For valuing profitable companies with growth potential
MCBC is poor value relative... subscribe to Premium to read more.
PEG Value Valuation

MCBC's financial health

Profit margin

Revenue
$25.7M
Net Income
$9.5M
Profit Margin
36.9%
MCBC's Earnings (EBIT) of $53.75M... subscribe to Premium to read more.
Interest Coverage Financials
MCBC's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$2.7B
Liabilities
$2.5B
Debt to equity
8.58
MCBC's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
MCBC's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$12.8M
Investing
-$39.9M
Financing
-$33.1M
MCBC's operating cash flow ($43.80M)... subscribe to Premium to read more.
Debt Coverage Financials

MCBC vs Bank Stocks

TickerMarket Cap1d %P/EP/B
MCBC$335.37M-0.41%7.75x1.17x
EBTC$336.45M+1.29%7.87x1.12x
GNTY$337.23M+1.70%10.71x1.14x
MPB$340.37M-2.90%8.01x0.64x
BWB$329.01M-0.84%7.99x0.79x

Macatawa Bank Stock FAQ

What is Macatawa Bank's quote symbol?

(NASDAQ: MCBC) Macatawa Bank trades on the NASDAQ under the ticker symbol MCBC. Macatawa Bank stock quotes can also be displayed as NASDAQ: MCBC.

If you're new to stock investing, here's how to buy Macatawa Bank stock.

What is the 52 week high and low for Macatawa Bank (NASDAQ: MCBC)?

(NASDAQ: MCBC) Macatawa Bank's 52-week high was $11.91, and its 52-week low was $6.96. It is currently -18.05% from its 52-week high and 40.23% from its 52-week low.

How much is Macatawa Bank stock worth today?

(NASDAQ: MCBC) Macatawa Bank currently has 34,361,562 outstanding shares. With Macatawa Bank stock trading at $9.76 per share, the total value of Macatawa Bank stock (market capitalization) is $335.37M.

Macatawa Bank stock was originally listed at a price of $6.68 in May 20, 1998. If you had invested in Macatawa Bank stock at $6.68, your return over the last 25 years would have been 46.15%, for an annualized return of 1.53% (not including any dividends or dividend reinvestments).

How much is Macatawa Bank's stock price per share?

(NASDAQ: MCBC) Macatawa Bank stock price per share is $9.76 today (as of Mar 1, 2024).

What is Macatawa Bank's Market Cap?

(NASDAQ: MCBC) Macatawa Bank's market cap is $335.37M, as of Mar 5, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Macatawa Bank's market cap is calculated by multiplying MCBC's current stock price of $9.76 by MCBC's total outstanding shares of 34,361,562.
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