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Macatawa Bank Corp MCBC

Morningstar Rating
$14.13 +0.28 (2.02%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

MCBC is trading at a 13% discount.
Price
$14.12
Fair Value
$86.62
Uncertainty
Very High
1-Star Price
$93.42
5-Star Price
$31.81
Economic Moat
Mcj
Capital Allocation
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News

Trading Information

Previous Close Price
$13.85
Day Range
$13.7214.20
52-Week Range
$8.3114.20
Bid/Ask
$14.06 / $14.14
Market Cap
$485.53 Mil
Volume/Avg
478,660 / 130,723

Key Statistics

Price/Earnings (Normalized)
10.99
Price/Sales
4.56
Dividend Yield (Trailing)
2.45%
Dividend Yield (Forward)
2.60%
Total Yield
2.48%

Company Profile

Macatawa Bank Corp is the United states based holding company of Macatawa Bank. The Bank operates in twenty-six branch offices and a lending and operational service facility, providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan. It also provides a range of loan products to business customers, including commercial and industrial and commercial real estate loans, and to retail customers, including residential mortgage and consumer loans. In addition, other services provided by the company includes internet banking, debit cards services and brokerage services. The Company’s primary sources of revenue are derived from interest and dividends earned on loans, securities and other financial instruments.
Sector
Financial Services
Industry
Banks - Regional
Stock Style Box
Small Value
Total Number of Employees
340

Comparables

Valuation

Metric
MCBC
MBWM
MBCN
Price/Earnings (Normalized)
10.997.0110.13
Price/Book Value
1.661.110.87
Price/Sales
4.562.562.50
Price/Cash Flow
10.706.658.49
Price/Earnings
MCBC
MBWM
MBCN

Financial Strength

Metric
MCBC
MBWM
MBCN
Quick Ratio
Current Ratio
Interest Coverage
Quick Ratio
No chart available

Profitability

Metric
MCBC
MBWM
MBCN
Return on Assets (Normalized)
1.60%1.67%1.03%
Return on Equity (Normalized)
16.52%17.83%9.13%
Return on Invested Capital (Normalized)
Return on Assets
MCBC
MBWM
MBCN
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Banks - Regional Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
BNPQY
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ISNPY
Intesa Sanpaolo ADRMmfskjdtvlScz$65.2 Bil
USB
U.S. BancorpKdxlrcfsvLkymq$61.5 Bil
PNC
PNC Financial Services Group IncDfymtcjrbPjcvlzr$58.9 Bil
ITUB
Itau Unibanco Holding SA ADRFcvxzlvyFptx$55.4 Bil
TFC
Truist Financial CorpTbklnwnCjqhwvc$49.1 Bil
MFG
Mizuho Financial Group Inc ADRRfyxwhlFyzyb$48.8 Bil
LYG
Lloyds Banking Group PLC ADRHhhqjgdxNxzxf$39.7 Bil
DB
Deutsche Bank AGNvghVhbcm$31.5 Bil
NWG
NatWest Group PLC ADRMcypKbx$29.9 Bil

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