How to buy Macatawa Bank Corporation stock | $8.14

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.

Macatawa Bank Corporation stock price (NASDAQ: MCBC)

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

Macatawa Bank Corporation shares at a glance

• Key figures

Information last updated 2021-10-10.

Latest market close	$8.14
52-week range	$6.75 - $10.47
50-day moving average	$7.97
200-day moving average	$8.87
Wall St. target price	$9.00
PE ratio	8.75
Dividend yield	$0.32 (3.94%)
Earnings per share (TTM)	$0.93

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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.

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 price performance over time

Historical closes compared with the close of $8.14 from 2021-10-15

1 week (2021-10-08)	0.25%
1 month (2021-09-17)	8.53%
3 months (2021-07-16)	-4.80%
6 months (2021-04-16)	-18.03%

1 year (2020-10-16)	13.37%
2 years (2019-10-17)	-20.89%
3 years (2018-10-17)	11.28
5 years (2016-10-17)	2.52%

Is Macatawa Bank Corporation under- or over-valued?

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 P/E ratio

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 9x. In other words, Macatawa Bank Corporation shares trade at around 9x 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 PEG ratio

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.

Macatawa Bank Corporation financials

Revenue TTM	$85.5 million
Operating margin TTM	46.25%
Gross profit TTM	$82.5 million
Return on assets TTM	1.18%
Return on equity TTM	13.28%
Profit margin	37.11%
Book value	$7.26
Market capitalisation	$277.6 million

TTM: trailing 12 months

Shorting Macatawa Bank Corporation shares

There are currently 381,524 Macatawa Bank Corporation shares held short by investors – that's known as Macatawa Bank Corporation's "short interest". This figure is 3.7% up from 367,763 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 48416.751269036). Macatawa Bank Corporation's SIR currently stands at 7.88. In other words for every 100,000 Macatawa Bank Corporation shares traded daily on the market, roughly 7880 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 0.0144% of the tradable shares (for every 100,000 tradable Macatawa Bank Corporation shares, roughly 14 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly 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.

Macatawa Bank Corporation share dividends

Dividend payout ratio: 34.41% of net profits

Recently Macatawa Bank Corporation has paid out, on average, around 34.41% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.94% 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 3.94% 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 25 August 2021. The latest dividend was paid out to all shareholders who bought their shares by 9 August 2021 (the "ex-dividend date").

Have Macatawa Bank Corporation's shares ever split?

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.

Macatawa Bank Corporation share price volatility

Over the last 12 months, Macatawa Bank Corporation's shares have ranged in value from as little as $6.7466 up to $10.4706. 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 0.8122. 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, 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.

Frequently asked questions

What percentage of Macatawa Bank Corporation is owned by insiders or institutions?
Currently 23.918% of Macatawa Bank Corporation shares are held by insiders and 36.206% by institutions. How many people work for Macatawa Bank Corporation?
Latest data suggests 286 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