Macatawa Bank (NASDAQ:MCBC) versus Its Competitors Head-To-Head Comparison

Macatawa Bank (NASDAQ: MCBC) is one of 200 public companies in the “Commercial Banks” industry, but how does it weigh in compared to its competitors? We will compare Macatawa Bank to related businesses based on the strength of its valuation, institutional ownership, earnings, dividends, analyst recommendations, profitability and risk.

Valuation and Earnings

This table compares Macatawa Bank and its competitors revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Macatawa Bank $71.57 million $15.95 million 19.04
Macatawa Bank Competitors $338.81 million $71.86 million 22.11

Macatawa Bank’s competitors have higher revenue and earnings than Macatawa Bank. Macatawa Bank is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Dividends

Macatawa Bank pays an annual dividend of $0.20 per share and has a dividend yield of 2.0%. Macatawa Bank pays out 37.7% of its earnings in the form of a dividend. As a group, “Commercial Banks” companies pay a dividend yield of 1.8% and pay out 35.2% of their earnings in the form of a dividend.

Institutional & Insider Ownership

28.7% of Macatawa Bank shares are held by institutional investors. Comparatively, 46.9% of shares of all “Commercial Banks” companies are held by institutional investors. 8.7% of Macatawa Bank shares are held by company insiders. Comparatively, 11.7% of shares of all “Commercial Banks” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Profitability

This table compares Macatawa Bank and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Macatawa Bank 24.64% 10.84% 1.03%
Macatawa Bank Competitors 20.60% 8.71% 0.93%

Analyst Recommendations

This is a summary of current recommendations for Macatawa Bank and its competitors, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Macatawa Bank 0 1 0 0 2.00
Macatawa Bank Competitors 431 3063 2456 80 2.36

Macatawa Bank presently has a consensus target price of $10.00, indicating a potential downside of 0.89%. As a group, “Commercial Banks” companies have a potential upside of 4.31%. Given Macatawa Bank’s competitors stronger consensus rating and higher possible upside, analysts clearly believe Macatawa Bank has less favorable growth aspects than its competitors.

Volatility and Risk

Macatawa Bank has a beta of 1.12, suggesting that its share price is 12% more volatile than the S&P 500. Comparatively, Macatawa Bank’s competitors have a beta of 0.74, suggesting that their average share price is 26% less volatile than the S&P 500.

Summary

Macatawa Bank competitors beat Macatawa Bank on 10 of the 15 factors compared.

About Macatawa Bank

Macatawa Bank Corporation is a bank holding company. The Company, through its subsidiary, Macatawa Bank (the Bank), offers a range of commercial and personal banking services, including checking, savings and certificates of deposit accounts, cash management, safe deposit boxes, trust services and commercial, mortgage and consumer loans. The Bank is a Michigan chartered bank with depository accounts insured by the Federal Deposit Insurance Corporation. Its other services include automated teller machines (ATMs), Internet banking, telephone banking and debit cards. The Bank provides various brokerage services, including discount brokerage through Infinex, personal financial planning and consultation regarding mutual funds. As of December 31, 2016, the Bank operated 26 full service branch offices providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan.

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