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Macatawa Bank (MCBC)

(Delayed Data from NSDQ)

$14.30 USD

14.30
217,526

+0.02 (0.14%)

Updated Apr 24, 2024 04:00 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value F Growth A Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 34% (166 out of 251)

Industry: Banks - Midwest

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Balance Sheet

Research for MCBC

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Macatawa Bank Corporation falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 450 755 1,152 784 272
Receivables 1,330 1,170 1,097 1,418 1,373
Notes Receivable 0 0 0 0 0
Inventories 0 0 1 5 3
Other Current Assets 0 0 0 0 0
Total Current Assets 1,780 1,925 2,250 2,207 1,649
Net Property & Equipment 39 40 42 43 43
Investments & Advances 851 858 565 328 320
Other Non-Current Assets 0 2 2 3 3
Deferred Charges 7 10 2 2 2
Intangibles 0 0 0 0 0
Deposits & Other Assets 72 71 67 60 52
Total Assets 2,749 2,907 2,929 2,642 2,069
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 2,416 2,615 2,578 2,299 1,753
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 16 15 12 13 17
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 2,432 2,630 2,590 2,312 1,771
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 30 30 85 91 81
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 2,462 2,660 2,675 2,402 1,851
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 220 220 219 219 218
Capital Surplus 0 0 0 0 0
Retained Earnings 90 59 35 17 -2
Other Equity -23 -32 0 4 2
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 287 247 254 240 217
Total Liabilities & Shareholder's Equity 2,749 2,907 2,929 2,642 2,069
Total Common Equity 287 247 254 240 217
Shares Outstanding 34.20 34.20 34.10 34.10 34.00
Book Value Per Share 8.39 7.22 7.45 7.03 6.40

Fiscal Year End for Macatawa Bank Corporation falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 450 510 384 421
Receivables NA 1,330 1,284 1,262 1,213
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 0 0 0 0
Total Current Assets NA 1,780 1,795 1,646 1,634
Net Property & Equipment NA 39 39 40 40
Investments & Advances NA 851 843 863 885
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 7 10 10 8
Intangibles NA 0 0 0 0
Deposits & Other Assets NA 72 72 72 70
Total Assets NA 2,749 2,760 2,630 2,637
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 2,416 2,446 2,322 2,331
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 16 14 15 16
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 2,432 2,460 2,336 2,347
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 30 30 30 30
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 0 0 0
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 2,462 2,490 2,366 2,377
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 220 220 220 220
Capital Surplus NA 0 0 0 0
Retained Earnings NA 90 83 75 67
Other Equity NA -23 -34 -31 -26
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 287 270 264 261
Total Liabilities & Shareholder's Equity NA 2,749 2,760 2,630 2,637
Total Common Equity 0 287 270 264 261
Shares Outstanding 34.30 34.20 34.20 34.20 34.20
Book Value Per Share 0.00 8.39 7.89 7.71 7.62