How to buy Macatawa Bank Corporation stock

Macatawa Bank Corporation is a banks-regional business based in the US. Macatawa Bank Corporation shares (MCBC) are listed on the NASDAQ and all prices are listed in US Dollars. Macatawa Bank Corporation employs 328 staff and has a trailing 12-month revenue of around USD$82.5 million.

How to buy shares in Macatawa Bank Corporation

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Macatawa Bank Corporation. Find the stock by name or ticker symbol: MCBC. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Macatawa Bank Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Macatawa Bank Corporation, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Macatawa Bank Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Macatawa Bank Corporation share price

Use our graph to track the performance of MCBC stocks over time.

Macatawa Bank Corporation shares at a glance

• Key figures

Information last updated 2021-02-24.

52-week range	USD$5.762 - USD$9.9516
50-day moving average	USD$8.7
200-day moving average	USD$7.8076
Wall St. target price	USD$8.75
PE ratio	10.3068
Dividend yield	USD$0.32 (3.6%)
Earnings per share (TTM)	USD$0.88

Buy Macatawa Bank Corporation shares from these brokerages

Compare special offers, low fees and a wide range of types of investments among top trading platforms.

*Signup bonus information updated weekly.

Is it a good time to buy Macatawa Bank Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Macatawa Bank Corporation by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Macatawa Bank Corporation financials

Revenue TTM	USD$82.5 million
Operating margin TTM	45.21%
Gross profit TTM	USD$82.5 million
Return on assets TTM	1.28%
Return on equity TTM	13.19%
Profit margin	36.56%
Book value	$7.013
Market capitalisation	USD$310.2 million

TTM: trailing 12 months

Shorting Macatawa Bank Corporation shares

There are currently 250,996 Macatawa Bank Corporation shares held short by investors – that's known as Macatawa Bank Corporation's "short interest". This figure is 31.5% down from 366,222 last month.

There are a few different ways that this level of interest in shorting Macatawa Bank Corporation shares can be evaluated.

Macatawa Bank Corporation's "short interest ratio" (SIR)

Macatawa Bank Corporation's "short interest ratio" (SIR) is the quantity of Macatawa Bank Corporation shares currently shorted divided by the average quantity of Macatawa Bank Corporation shares traded daily (recently around 102447.34693878). Macatawa Bank Corporation's SIR currently stands at 2.45. In other words for every 100,000 Macatawa Bank Corporation shares traded daily on the market, roughly 2450 shares are currently held short.

However Macatawa Bank Corporation's short interest can also be evaluated against the total number of Macatawa Bank Corporation shares, or, against the total number of tradable Macatawa Bank Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Macatawa Bank Corporation's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Macatawa Bank Corporation shares in existence, roughly 10 shares are currently held short) or 0.0097% of the tradable shares (for every 100,000 tradable Macatawa Bank Corporation shares, roughly 10 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Macatawa Bank Corporation.

Find out more about how you can short Macatawa Bank Corporation stock.

Have Macatawa Bank Corporation's shares ever split?

Macatawa Bank Corporation's shares were split on a 105:100 basis on 9 May 2007. So if you had owned 100 shares the day before before the split, the next day you'd have owned 105 shares. This wouldn't directly have changed the overall worth of your Macatawa Bank Corporation shares – just the quantity. However, indirectly, the new 4.8% lower share price could have impacted the market appetite for Macatawa Bank Corporation shares which in turn could have impacted Macatawa Bank Corporation's share price.

Macatawa Bank Corporation share price volatility

Over the last 12 months, Macatawa Bank Corporation's shares have ranged in value from as little as $5.762 up to $9.9516. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Macatawa Bank Corporation's is 0.8159. This would suggest that Macatawa Bank Corporation's shares are less volatile than average (for this exchange).

Macatawa Bank Corporation 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, 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, ecommerce, and trust and brokerage services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. As of January 27, 2020, the company had 26 full-service branches in Kent, Ottawa, and northern Allegan counties, Michigan. Macatawa Bank Corporation was founded in 1997 and is headquartered in Holland, Michigan.

Frequently asked questions

• What percentage of Macatawa Bank Corporation is owned by insiders or institutions?

  Currently 23.976% of Macatawa Bank Corporation shares are held by insiders and 35.257% by institutions.

• How many people work for Macatawa Bank Corporation?

  Latest data suggests 328 work at Macatawa Bank Corporation.

• When does the fiscal year end for Macatawa Bank Corporation?

  Macatawa Bank Corporation's fiscal year ends in December.

• Where is Macatawa Bank Corporation based?

  Macatawa Bank Corporation's address is: 10753 Macatawa Drive, Holland, MI, United States, 49424

• What is Macatawa Bank Corporation's ISIN number?

  Macatawa Bank Corporation's international securities identification number is: US5542251021

• What is Macatawa Bank Corporation's CUSIP number?

  Macatawa Bank Corporation's Committee on Uniform Securities Identification Procedures number is: 554225102