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Last $5.35 USD
Change Today +0.02 / 0.38%
Volume 45.4K
MCBC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

macatawa bank corp (MCBC) Snapshot

Open
$5.30
Previous Close
$5.33
Day High
$5.39
Day Low
$5.30
52 Week High
12/8/14 - $5.65
52 Week Low
08/1/14 - $4.66
Market Cap
181.2M
Average Volume 10 Days
33.7K
EPS TTM
$0.31
Shares Outstanding
33.9M
EX-Date
02/10/15
P/E TM
17.3x
Dividend
$0.08
Dividend Yield
1.50%
Current Stock Chart for MACATAWA BANK CORP (MCBC)

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macatawa bank corp (MCBC) Details

Macatawa Bank Corporation operates as the holding company for Macatawa Bank that provides commercial and personal banking services in western Michigan. Its deposit products include business and consumer checking accounts, regular and money market savings accounts, and certificates of deposits. The company’s loan products portfolio comprises commercial and industrial loans offered to finance operations and equipment; commercial real estate loans primarily comprising construction and development loans, and multi-family and other non-residential real estate loans; retail loans that principally consist of residential mortgage loans; and consumer loans, such as automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. It also offers cash management, safe deposit boxes, trust, retirement planning, ATMs, Internet banking, telephone banking, debit cards, and various brokerage services, including discount brokerage, personal financial planning, and consultation regarding mutual funds. The company serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities through 26 branch offices, as well as a lending and operation service facility in Ottawa County, Kent County, and northern Allegan County, Michigan. Macatawa Bank Corporation was founded in 1997 and is headquartered in Holland, Michigan.

307 Employees
Last Reported Date: 02/19/15
Founded in 1997

macatawa bank corp (MCBC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $375.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $230.0K
Chief Credit Officer, Senior Vice President, ...
Total Annual Compensation: $190.0K
Senior Vice President, Chief Commercial Banki...
Total Annual Compensation: $175.0K
Senior Vice President, Chief Retail Banking O...
Total Annual Compensation: $175.0K
Compensation as of Fiscal Year 2014.

macatawa bank corp (MCBC) Key Developments

Macatawa Bank Declares First Dividend Payment Since 2009, Payable on March 28, 2015

Macatawa Bank Corp. said it has declared a dividend of USD 0.02 per share to be paid to shareholders on March 28. The bank said this is the first dividend paid on common stock after a five-year hiatus.

Macatawa Bank Corp. Declares Quarterly Cash Dividend Payable on February 27, 2015

Macatawa Bank Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.02 per share on its common stock to be paid on February 27, 2015 to shareholders of record on February 12, 2015.

Macatawa Bank Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Loan Charge Offs for the Fourth Quarter 2014

Macatawa Bank Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest income of $11,816,000 compared to $11,961,000 a year ago. Net interest income was $10,457,000 compared to $10,212,000 a year ago. Income before income tax was $3,277,000 compared to $3,192,000 a year ago. Net income attributable to common shareholders was $2,317,000 or $0.07 per basic and diluted share compared to net loss attributable to common shareholders of $15,340,000 or $0.56 per basic and diluted share a year ago. Return on average assets was 0.61% compared to 0.58% a year ago. Return on average equity was 6.54% compared to 6.54% a year ago. The 2013 earnings per share information reflects the impact of the exchange of all of Macatawa's outstanding preferred stock for common stock and cash completed at the end of 2013. For the year, the company reported total interest income of $46,988,000 compared to $48,620,000 a year ago. Net interest income was $41,392,000 compared to $41,283,000 a year ago. Income before income tax was $15,046,000 compared to $13,819,000 a year ago. Net income attributable to common shareholders was $10,473,000 or $0.31 per basic and diluted share compared to net loss attributable to common shareholders of $8,026,000 or $0.29 per basic and diluted share a year ago. Return on average assets was 0.70% compared to 0.63% a year ago. Return on average equity was 7.58% compared to 7.11% a year ago. Book value per common share as at December 31, 2014 was $4.21 compared to $3.92 as at December 31, 2013. Tangible book value per common share was $4.21 compared to $3.92 as at December 31, 2013. The company reported net loan charge offs for the fourth quarter 2014 of $67,000 compared to third quarter 2014 net loan recoveries of $330,000 and fourth quarter 2013 net loan recoveries of $526,000.

 

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Industry Analysis

MCBC

Industry Average

Valuation MCBC Industry Range
Price/Earnings 17.2x
Price/Sales 3.0x
Price/Book 1.3x
Price/Cash Flow 17.2x
TEV/Sales NM Not Meaningful
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