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Macatawa Bank Corporation (MCBC)

11.01   0 (0%) 11-25 13:00
Open: 10.99 Pre. Close: 11.01
High: 11.059 Low: 10.99
Volume: 14,134 Market Cap: 377(M)

Technical analysis

as of: 2022-11-25 1:58:40 PM
Overall:       
Stoxline posted a SELL today, same as yesterday. Downward movement continues.
Target: Six months: 13.82     One year: 16.15
Support: Support1: 10.53    Support2: 9.72
Resistance: Resistance1: 11.84    Resistance2: 13.82
Pivot: 11.23
Moving Average: MA(5): 11     MA(20): 11.21
MA(100): 9.83     MA(250): 9.33
MACD: MACD(12,26): 0.2     Signal(9): 0.3
Stochastic oscillator: %K(14,3): 20.3     %D(3): 25.7
RSI: RSI(14): 56.3
52-week: High: 11.84  Low: 8.34
Average Vol(K): 3-Month: 49 (K)  10-Days: 49 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ MCBC ] has closed above bottom band by 24.9%. Bollinger Bands are 0.8% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 11.05 - 11.13 11.13 - 11.19
Low: 10.78 - 10.88 10.88 - 10.97
Close: 10.86 - 11.01 11.01 - 11.15

Company Description

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.

Headline News

Wed, 16 Nov 2022
Macatawa Bank Co. (NASDAQ:MCBC) Short Interest Update - MarketBeat

Thu, 10 Nov 2022
Molson Coors Beverage Company Announces Regular Quarterly Dividend - Valdosta Daily Times

Thu, 03 Nov 2022
Why do modern Bengalis swear by MCBC? - NewsDrum

Tue, 01 Nov 2022
Molson Coors Beverage Company Reports 2022 Third Quarter Results - Business Wire

Tue, 01 Nov 2022
Macatawa Bank (NASDAQ:MCBC) Has Announced A Dividend Of $0.08 - Simply Wall St

Mon, 31 Oct 2022
The Dons brew up a new partnership with Molson Coors – Aberdeen Business News - Aberdeen Business News

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Financial Services
Industry:  Banks—Regional
Shares Out. 34 (M)
Shares Float 26 (M)
% Held by Insiders 24 (%)
% Held by Institutions 41.2 (%)
Shares Short 283 (K)
Shares Short P.Month 303 (K)

Stock Financials

EPS 0.83
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 6.9
Profit Margin (%) 34.8
Operating Margin (%) 44
Return on Assets (ttm) 1
Return on Equity (ttm) 11.8
Qtrly Rev. Growth 20.3
Gross Profit (p.s.) 2.38
Sales Per Share 2.41
EBITDA (p.s.) 0
Qtrly Earnings Growth 38
Operating Cash Flow 27 (M)
Levered Free Cash Flow 0 (M)

Stock Valuations

PE Ratio 13.1
PEG Ratio 1.4
Price to Book value 1.59
Price to Sales 4.56
Price to Cash Flow 13.8

Stock Dividends

Dividend 0.07
Forward Dividend 0
Dividend Yield 0.7%
Dividend Pay Date 2021-11-28
Ex-Dividend Date 2021-11-08
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