News stories about Macatawa Bank Corporation (NASDAQ:MCBC) have trended somewhat positive on Monday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Macatawa Bank Corporation earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 47.0496003665356 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Macatawa Bank Corporation (MCBC) traded up $0.02 during midday trading on Monday, reaching $9.73. The company’s stock had a trading volume of 16,500 shares, compared to its average volume of 46,943. The company has a market cap of $330.25, a PE ratio of 18.36 and a beta of 1.14. 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 Corporation has a 12-month low of $8.67 and a 12-month high of $10.67.
Macatawa Bank Corporation (NASDAQ:MCBC) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.14 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. The firm had revenue of $17.44 million for the quarter. Macatawa Bank Corporation had a return on equity of 10.84% and a net margin of 24.64%.
Separately, BidaskClub cut Macatawa Bank Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.
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Macatawa Bank Corporation 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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