MCBC Macatawa Bank Corp

  1. Stocks
  2. Financial Services
  3. NASDAQ: MCBC

Price (delayed)

$14.25

Market cap

$489.65M

P/E Ratio

11.31

Dividend/share

$0.34

EPS

$1.26

Enterprise value

$69.3M

Macatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., Macatawa Bank offers a full range of banking, retail and commercial ...

Highlights
The equity rose by 16% YoY and by 6% QoQ
Macatawa Bank's gross profit has increased by 15% YoY
MCBC's EPS is up by 25% YoY but it is down by 5% from the previous quarter
The net income has grown by 24% YoY but it has contracted by 6% from the previous quarter
MCBC's price to earnings (P/E) is 44% higher than its last 4 quarters average of 7.9 and 17% higher than its 5-year quarterly average of 9.7
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.macatawabank.com
Peers: MBWM IBCP BUSE

Key stats

What are the main financial stats of MCBC
Market
Shares outstanding
34.36M
Market cap
$489.65M
Enterprise value
$69.3M
Valuations
Price to earnings (P/E)
11.31
Price to book (P/B)
1.7
Price to sales (P/S)
4.64
EV/EBIT
1.29
EV/EBITDA
1.28
EV/Sales
0.66
Earnings
Revenue
$105.34M
EBIT
$53.75M
EBITDA
$54.06M
Free cash flow
$46.06M
Per share
EPS
$1.26
Free cash flow per share
$1.34
Book value per share
$8.37
Revenue per share
$3.07
TBVPS
$80.16
Balance sheet
Total assets
$2.75B
Total liabilities
$2.46B
Debt
$30M
Equity
$287.09M
Working capital
N/A
Liquidity
Debt to equity
0.1
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-7.78
Margins
EBITDA margin
51.3%
Gross margin
100%
Net margin
41%
Operating margin
51%
Efficiency
Return on assets
1.6%
Return on equity
16%
Return on invested capital
2.4%
Return on capital employed
N/A
Return on sales
51%
Dividend
Dividend yield
2.39%
DPS
$0.34
Payout ratio
27%

MCBC stock price

How has the Macatawa Bank stock price performed over time
Intraday
-0.35%
1 week
2.89%
1 month
49.53%
1 year
50.32%
YTD
26.33%
QTD
45.56%

Financial performance

How have Macatawa Bank's revenue and profit performed over time
Revenue
$105.34M
Gross profit
$105.34M
Operating income
$53.75M
Net income
$43.22M
Gross margin
100%
Net margin
41%
The operating income rose by 25% YoY but it fell by 6% QoQ
The net income has grown by 24% YoY but it has contracted by 6% from the previous quarter
Macatawa Bank's gross profit has increased by 15% YoY
The revenue has grown by 15% year-on-year

Growth

What is Macatawa Bank's growth rate over time

Valuation

What is Macatawa Bank stock price valuation
P/E
11.31
P/B
1.7
P/S
4.64
EV/EBIT
1.29
EV/EBITDA
1.28
EV/Sales
0.66
MCBC's price to earnings (P/E) is 44% higher than its last 4 quarters average of 7.9 and 17% higher than its 5-year quarterly average of 9.7
MCBC's EPS is up by 25% YoY but it is down by 5% from the previous quarter
MCBC's P/B is 32% above its 5-year quarterly average of 1.3 and 32% above its last 4 quarters average of 1.3
The equity rose by 16% YoY and by 6% QoQ
The P/S is 41% higher than the last 4 quarters average of 3.3 and 29% higher than the 5-year quarterly average of 3.6
The revenue has grown by 15% year-on-year

Efficiency

How efficient is Macatawa Bank business performance
The ROA has grown by 33% YoY but it has contracted by 6% from the previous quarter
Macatawa Bank's return on invested capital has increased by 14% YoY but it has decreased by 4% QoQ
The return on equity has grown by 12% year-on-year but it has declined by 9% since the previous quarter
MCBC's ROS is up by 8% YoY but it is down by 4.3% from the previous quarter

Dividends

What is MCBC's dividend history
Dividend details
DPS
$0.34
Dividend yield
2.39%
Payout ratio
27%
Recent dividends

Financial health

How did Macatawa Bank financials performed over time
MCBC's total assets is 12% higher than its total liabilities
The total liabilities has decreased by 7% YoY
MCBC's total assets is down by 5% YoY
The debt is 90% less than the equity
The debt to equity has decreased by 17% YoY and by 9% QoQ
The equity rose by 16% YoY and by 6% QoQ

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.