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Ticker
MCBCDELISTED

Price
-
Stock movement down
-0.13 (-0.87%)
Company name
Macatawa Bank Corporation
Exchange
(NASDAQ
,
Currency
USD
)
Sector
Financial Services >
Banks - Regional
Market cap
509.24M
Ent value
2.81B
Price/Sales
4.13
Price/Book
1.74
Div yield
2.43%
Div growth
5.71%
Growth years
7
FCF payout
29.24%
Trailing P/E
12.42
Forward P/E
11.86
PEG
1.55
EPS growth
10.20%
1 year return (CAGR)
50.46%
3 year return (CAGR)
21.17%
5 year return (CAGR)
7.74%
10 year return (CAGR)
12.00%
Last updated: 2024-12-17

DIVIDENDS

Dividend yield - 5y

Dividend yield data
Dividend per share0.36
Dividend yield2.43%
Payout frequencyQuarterly
Maximum yield5.10%
Average yield3.50%
Minimum yield2.41%
Discount to avg yield-44.05%
Upside potential-30.58%
Yield as % of max yield47.59%

Yield distribution (inverse percentile) - 5y

Yield distribution data
Dividend yield2.43%
Current yield distribution99.44%
Yield at 100% (Min)2.41%
Yield at 90%2.78%
Yield at 80%2.98%
Yield at 50% (Median)3.49%
Yield at 20%3.93%
Yield at 10%4.33%
Yield at 0% (Max)5.10%

Dividend per share

Dividend per share data
Years of growth7 years
CCC statusDividend Challenger
Dividend per share0.36
Payout frequencyQuarterly
Ex-div date10 May 2024
EPS (TTM)1.19
EPS (1y forward)1.25
EPS growth (5y)10.20%
EPS growth (5y forward)8.00%

Dividend growth

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Dividend growth data
MCBCS&P500
DGR MR12.50%-13.74%
DGR TTM9.38%6.60%
DGR 3 years1.03%7.31%
DGR 5 years5.71%4.69%
DGR 10 years-6.30%
DGR 15 years1.60%8.16%
Time since last change announced851 days
EPS growth (5y)10.20%
EPS growth (5y forward)8.00%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM28.37%29.24%
Average--
Forward28.80%-

VALUATION

Valuation Ratios

Valuation Ratios data
Trailing P/E12.42
Price to OCF12.37
Price to FCF12.80
Price to EBITDA8.65
EV to EBITDA47.70

Valuation (Sales/Book Value)

Valuation (Sales/Book Value) data
Price to Sales4.13
Price to Book1.74
EV to Sales22.78

FINANCIALS

Per share

Per share data
Current share count34.36M
EPS (TTM)1.19
FCF per share (TTM)1.16

Income statement

Income statement data
Revenue (TTM)123.20M
Gross profit (TTM)118.54M
Operating income (TTM)-7.49M
Net income (TTM)41.01M
EPS (TTM)1.19
EPS (1y forward)1.25

Margins

Margins data
Gross margin (TTM)96.22%
Operating margin (TTM)-6.08%
Profit margin (TTM)33.29%

Balance Sheet

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Balance Sheet data
Cash27.08M
Net receivables10.27M
Total current assets368.75M
Goodwill0.00
Intangible assets0.00
Property, plant and equipment0.00
Total assets2.62B
Accounts payable0.00
Short/Current long term debt20.00M
Total current liabilities634.33M
Total liabilities2.32B
Shareholder's equity292.97M
Net tangible assets0.00

Cash flow

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Cash flow data
Operating cash flow (TTM)41.15M
Capital expenditures (TTM)1.36M
Free cash flow (TTM)39.79M
Dividends paid (TTM)11.63M

Financial returns

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Financial returns data
Return on Equity14.00%
Return on Assets1.57%
Return on Invested Capital13.10%
Cash Return on Invested Capital12.71%

STOCK INFORMATION

Stock chart

No data
Stock price data
Open14.90
Daily high15.16
Daily low14.76
Daily Volume0K
1y analyst estimate15.00
Beta0.53
EPS (TTM)1.19
Dividend per share0.36
Ex-div date10 May 2024
Next earnings date-

Downside potential

Downside potential data
MCBCS&P500
Current price drop from All-time high-38.06%-2.49%
Highest price drop-95.40%-56.47%
Date of highest drop25 Jun 20109 Mar 2009
Avg drop from high-49.38%-10.84%
Avg time to new high53 days12 days
Max time to new high4783 days1805 days
COMPANY DETAILS
MCBC (Macatawa Bank Corporation) company logo
Marketcap
509.24M
Marketcap category
Small-cap
Description
Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that engages in the provision of 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, and brokerage services. In addition, it provides asset management, personal trust, and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. The company was incorporated in 1997 and is based in Holland, Michigan.
Employees
287
Website
https://www.macatawabank.com
Investor relations
SEC filings
MCBC SEC filings
CEO
Ronald L. Haan
Country
USA
City
Holland
Stock type
Common stock
CCC status
Dividend Challenger
Dividend Frequency
Quarterly
EVENTS AND PRESENTATIONS
EventsPresentations
UNDERSTAND THE BUSINESS
COMPANY NEWS
Seeking AlphaPress releases
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