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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 286 staff and has a trailing 12-month revenue of around 0.00.
|52-week range||$5.96 - $10.66|
|50-day moving average||$9.99|
|200-day moving average||$8.62|
|Wall St. target price||$10.00|
|Dividend yield||$0.32 (3.26%)|
|Earnings per share (TTM)||$0.88|
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Valuing Macatawa Bank Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Macatawa Bank Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Macatawa Bank Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, Macatawa Bank Corporation shares trade at around 11x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Macatawa Bank Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 4.62. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Macatawa Bank Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
|Revenue TTM||$82.5 million|
|Operating margin TTM||45.21%|
|Gross profit TTM||$82.5 million|
|Return on assets TTM||1.28%|
|Return on equity TTM||13.19%|
|Market capitalisation||$335.5 million|
TTM: trailing 12 months
There are currently 393,522 Macatawa Bank Corporation shares held short by investors – that's known as Macatawa Bank Corporation's "short interest". This figure is 7.9% up from 364,569 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) is the quantity of Macatawa Bank Corporation shares currently shorted divided by the average quantity of Macatawa Bank Corporation shares traded daily (recently around 90257.339449541). Macatawa Bank Corporation's SIR currently stands at 4.36. In other words for every 100,000 Macatawa Bank Corporation shares traded daily on the market, roughly 4360 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 0.0151% of the tradable shares (for every 100,000 tradable Macatawa Bank Corporation shares, roughly 15 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.
Dividend payout ratio: 28.83% of net profits
Recently Macatawa Bank Corporation has paid out, on average, around 28.83% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.26% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Macatawa Bank Corporation shareholders could enjoy a 3.26% return on their shares, in the form of dividend payments. In Macatawa Bank Corporation's case, that would currently equate to about $0.32 per share.
While Macatawa Bank Corporation's payout ratio might seem fairly standard, it's worth remembering that Macatawa Bank Corporation may be investing much of the rest of its net profits in future growth.
Macatawa Bank Corporation's most recent dividend payout was on 24 February 2021. The latest dividend was paid out to all shareholders who bought their shares by 8 February 2021 (the "ex-dividend date").
Macatawa Bank Corporation's shares were split on a 105:100 basis on 8 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.
Over the last 12 months, Macatawa Bank Corporation's shares have ranged in value from as little as $5.9638 up to $10.66. 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 0.8616. This would suggest that Macatawa Bank Corporation's shares are less volatile than average (for this exchange).
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.
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