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Macatawa Bank Corp (MCBC)

8.9   -0.05 (-0.56%) 01-20 23:50
Open: 9.01 Pre. Close: 8.95
High: 9.01 Low: 8.82
Volume: 49,601 Market Cap: 304M
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.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 9.014 - 9.074 9.074 - 9.125
Low: 8.704 - 8.763 8.763 - 8.812
Close: 8.813 - 8.909 8.909 - 8.989

Technical analysis

as of: 2021-01-20 4:49:42 PM
Overall:       
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 10.76     One year: 12.56
Support: Support1: 8.50    Support2: 8.06
Resistance: Resistance1: 9.21    Resistance2: 10.76
Pivot: 8.75
Moving Average: MA(5): 8.94     MA(20): 8.63
MA(100): 7.68     MA(250): 7.81
MACD: MACD(12,26): 0.23     Signal(9): 0.22
Stochastic oscillator: %K(14,3): 75.42     %D(3): 76.11
RSI: RSI(14): 60.11
52-week: High: 11.00  Low: 6.01  Change(%): -16.7
Average Vol(K): 3-Month: 9686  10-Days: 9328

Price, moving averages and Bollinger Bands

Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.
MCBC has closed below upper band by 36.9%. Bollinger Bands are 30.2% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

Fri, 15 Jan 2021
Macatawa Bank Corporation (MCBC) Soars 1.06% on January 15 - Equities.com

Thu, 14 Jan 2021
Macatawa Bank Corporation (MCBC) Soars 1.24% on January 14 - Equities.com

Thu, 14 Jan 2021
Short Interest in Macatawa Bank Co. (NASDAQ:MCBC) Decreases By 47.6% - MarketBeat

Wed, 06 Jan 2021
Macatawa Bank Corporation (MCBC) Soars 8.02% on January 06 - Equities.com

Sun, 27 Dec 2020
Macatawa Bank Corporation's (NASDAQ:MCBC) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio? - Simply Wall St

Fri, 18 Dec 2020
Macatawa Bank Corporation (MCBC) Breaks into New 52-Week High on December 18 Session - Equities.com

Financial Analysis

Growth
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Price to Book Value: Outperform Discounted cash flow: Outperform
Return on Assets: Neutral Price to Earnings: Outperform
Return on Equity: Neutral Debt to Equity: Outperform
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Financial Services
Industry:  Banks Regional
Shares Out. (M) 34
Shares Float (M) 26
% Held by Insiders 23.98
% Held by Institutions 35.26
Shares Short (K) 196
Shares Short P. Month (K) 202

Stock Financials

EPS 0.860
EPS Est This Year
EPS Est Next Year
Book Value (p.s.) 6.860
Profit Margin 36.45
Operating Margin 45.40
Return on Assets (ttm) 1.3
Return on Equity (ttm) 13.2
Qtrly Rev. Growth -3.7
Gross Profit (p.s.) 2.454
Sales Per Share 2.360
EBITDA (p.s.)
Qtrly Earnings Growth -12.70
Operating Cash Flow (M) 28
Levered Free Cash Flow (M)

Stock Valuations

PE Ratio 10.35
PEG Ratio
Price to Book value 1.30
Price to Sales 3.77
Price to Cash Flow 11.04

Stock Dividends

Dividend 0.310
Forward Dividend 0.320
Dividend Yield 0.03
Dividend Pay Date 2020-11-24
Ex-Dividend Date 2020-11-08
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