News coverage about Macatawa Bank (NASDAQ:MCBC) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Macatawa Bank earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 47.3662639819834 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research firms have recently commented on MCBC. Hovde Group set a $11.00 price target on shares of Macatawa Bank and gave the company a “hold” rating in a research report on Monday, January 29th. BidaskClub raised shares of Macatawa Bank from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th.
Macatawa Bank (NASDAQ:MCBC) opened at $10.09 on Friday. Macatawa Bank has a 52-week low of $8.87 and a 52-week high of $10.66. The company has a market cap of $341.54, a P/E ratio of 21.47 and a beta of 0.61. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93.
Macatawa Bank (NASDAQ:MCBC) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. Macatawa Bank had a net margin of 21.69% and a return on equity of 11.06%. The business had revenue of $17.93 million for the quarter.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 13th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.24 dividend on an annualized basis and a yield of 2.38%. This is a positive change from Macatawa Bank’s previous quarterly dividend of $0.05. Macatawa Bank’s payout ratio is 51.06%.
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Macatawa Bank Company Profile
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.
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