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Macatawa Bank Corporation (MCBC)
14.91  0.08 (0.54%)    07-26 16:00
Open: 14.93
High: 14.98
Volume: 120,068
  
Pre. Close: 14.83
Low: 14.82
Market Cap: 512(M)
Technical analysis
2024-07-26 4:45:40 PM
Short term     
Mid term     
Targets 6-month :  17.5 1-year :  20.44
Resists First :  14.98 Second :  17.5
Pivot price 14.75
Supports First :  14.28 Second :  13.85
MAs MA(5) :  14.82 MA(20) :  14.71
MA(100) :  12.94 MA(250) :  11.06
MACD MACD :  0.1 Signal :  0.1
%K %D K(14,3) :  82.7 D(3) :  84.1
RSI RSI(14): 63.2
52-week High :  14.98 Low :  8.31
Price, MAs 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 below upper band by 9.7%. Bollinger Bands are 75.8% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 12 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 15 - 15.05 15.05 - 15.1
Low: 14.67 - 14.74 14.74 - 14.8
Close: 14.8 - 14.91 14.91 - 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

Thu, 25 Jul 2024
Macatawa Bank (NASDAQ:MCBC) Hits New 12-Month High at $14.97 - Defense World

Tue, 23 Jul 2024
Macatawa Bank (NASDAQ:MCBC) Coverage Initiated at StockNews.com - Defense World

Mon, 22 Jul 2024
Macatawa Bank Co. (NASDAQ:MCBC) Holdings Boosted by Empowered Funds LLC - Defense World

Tue, 02 Jul 2024
MACATAWA BANK INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Macatawa Bank Corporation - MCBC - PR Newswire

Fri, 26 Apr 2024
Macatawa Bank Corp (MCBC) Q1 2024 Earnings: Misses Analyst Forecasts Amid Merger Developments - Yahoo Finance

Thu, 25 Apr 2024
Macatawa Bank (MCBC) Q1 Earnings and Revenues Miss Estimates - Yahoo Finance

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Neutral
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Neutral
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Financial Services
Industry:
Banks - Regional
Shares Out 34 (M)
Shares Float 26 (M)
Held by Insiders 24.1 (%)
Held by Institutions 43.3 (%)
Shares Short 211 (K)
Shares Short P.Month 137 (K)
Stock Financials
EPS 0.27
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 8.52
Profit Margin 39.5 %
Operating Margin 49.1 %
Return on Assets (ttm) 1.5 %
Return on Equity (ttm) 14.8 %
Qtrly Rev. Growth -6.5 %
Gross Profit (p.s.) 0
Sales Per Share 3.01
EBITDA (p.s.) 0
Qtrly Earnings Growth -18.7 %
Operating Cash Flow 41 (M)
Levered Free Cash Flow 0 (M)
Stock Valuations
PE Ratio 55.22
PEG Ratio 1.5
Price to Book value 1.74
Price to Sales 4.94
Price to Cash Flow 12.43
Stock Dividends
Dividend 0.09
Forward Dividend 0
Dividend Yield 0.6%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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