Macatawa Bank Corp
General ticker "MCBC" information:
- Sector: Financials
- Industry: Banks
- Capitalization: $506.8M
Macatawa Bank Corp follows the US Stock Market performance with the rate: 45.0%.
Estimated limits based on current volatility of 0.8%: low 14.76$, high 15.00$
Factors to consider:
- Earnings expected soon, date: 2024-08-08
- Earnings for 3 months up through Q1 are close to our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [8.55$, 12.49$]
- 2024-12-30 to 2025-12-30 estimated range: [9.81$, 14.07$]
Financial Metrics affecting the MCBC estimates:
- Positive: 0.96 < Non-GAAP EPS of 1.29
- Positive: Operating Income to Revenue ratio of 0.29 > 0.17
- Positive: 0.20 < Operating Cash Flow per share of 1.27
- Positive: 0 < Net Income to Assets ratio of 0.02
Short-term MCBC quotes
Long-term MCBC plot with estimates
Financial data
| YTD | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating Revenue | $79.76MM | $48.63MM | $132.25MM |
| Operating Expenses | $44.04MM | $0.80MM | $78.50MM |
| Operating Income | $35.72MM | $47.82MM | $53.75MM |
| Non-Operating Income | $0.00MM | $-4.76MM | $0.00MM |
| Interest Expense | $2.56MM | $4.76MM | $0.63MM |
| Income(Loss) | $35.72MM | $43.06MM | $53.75MM |
| Taxes | $6.71MM | $8.33MM | $10.52MM |
| Profit(Loss) | $29.01MM | $34.73MM | $43.22MM |
| Stockholders Equity | $254.00MM | $247.04MM | $287.08MM |
| Assets | $2,928.75MM | $2,906.92MM | $2,748.70MM |
| Operating Cash Flow | $35.92MM | $34.80MM | $43.52MM |
| Investing Cash Flow | $69.40MM | $-402.48MM | $-137.50MM |
| Financing Cash Flow | $262.73MM | $-28.94MM | $-210.84MM |
| Earnings Per Share* | $0.85 | $1.01 | $1.26 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.