MCBC RSI Chart
Last 30 days
5.8%
Last 90 days
42.1%
Trailing 12 Months
64.2%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2024 | 115.6M | 0 | 0 | 0 |
2023 | 89.0M | 100.7M | 109.6M | 113.8M |
2022 | 56.5M | 56.8M | 62.8M | 74.9M |
2021 | 65.0M | 63.7M | 62.7M | 58.6M |
2020 | 74.2M | 71.5M | 68.3M | 67.2M |
2019 | 72.2M | 74.6M | 76.0M | 75.9M |
2018 | 59.8M | 62.6M | 65.7M | 69.0M |
2017 | 53.3M | 54.5M | 56.0M | 57.7M |
2016 | 50.4M | 51.0M | 51.7M | 52.5M |
2015 | 47.0M | 47.7M | 48.5M | 49.4M |
2014 | 48.2M | 47.4M | 47.1M | 47.0M |
2013 | 55.6M | 54.0M | 49.7M | 48.6M |
2012 | 59.0M | 57.4M | 58.8M | 57.3M |
2011 | 72.2M | 68.4M | 64.6M | 60.8M |
2010 | 0 | 0 | 0 | 76.0M |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Nov 28, 2023 | barker bryan l | sold (taxes) | -1,494 | 9.64 | -155 | chief financial officer, svp |
Nov 16, 2023 | le roy michael k. | acquired | - | - | 1,936 | - |
Nov 16, 2023 | white bay capital, lllp | acquired | - | - | 1,936 | - |
Nov 16, 2023 | herr robert l | acquired | - | - | 1,936 | - |
Nov 16, 2023 | barker bryan l | sold | - | - | -4,587 | chief financial officer, svp |
Nov 16, 2023 | rosenbach thomas p | acquired | - | - | 1,936 | - |
Nov 16, 2023 | klohs birgit m. | acquired | - | - | 1,936 | - |
Nov 16, 2023 | padnos douglas b | acquired | - | - | 1,936 | - |
Nov 16, 2023 | walcott jill a | acquired | - | - | 7,135 | senior v.p. retail banking |
Nov 16, 2023 | hankinson craig a | acquired | - | - | 9,683 | chief operating officer |
Which funds bought or sold MCBC recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
May 16, 2024 | JANE STREET GROUP, LLC | reduced | -17.75 | -57,083 | 142,415 | -% |
May 16, 2024 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -38.91 | -22,962 | 25,914 | -% |
May 16, 2024 | COMERICA BANK | reduced | -6.6 | -4,855 | 20,784 | -% |
May 15, 2024 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | added | 6.68 | -8,759 | 109,433 | -% |
May 15, 2024 | CITADEL ADVISORS LLC | added | 125 | 131,459 | 268,511 | -% |
May 15, 2024 | GOLDMAN SACHS GROUP INC | reduced | -21.03 | -705,025 | 1,536,190 | -% |
May 15, 2024 | Royal Bank of Canada | reduced | -13.84 | -102,000 | 305,000 | -% |
May 15, 2024 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | reduced | -4.14 | -3,708 | 18,356 | -% |
May 15, 2024 | MALTESE CAPITAL MANAGEMENT LLC | added | 764 | 2,565,700 | 2,960,500 | 0.57% |
May 15, 2024 | Voya Investment Management LLC | reduced | -2.99 | -53,192 | 283,381 | -% |
Unveiling Macatawa Bank Corp's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Macatawa Bank Corp)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
JPM | 588.1B | 174.7B | 11.68 | 3.37 | ||||
BAC | 307.4B | 137.9B | 12.28 | 2.23 | ||||
WFC | 213.0B | 85.8B | 11.35 | 2.48 | ||||
C | 122.2B | 125.0B | 15.29 | 0.98 | ||||
CFG | 16.9B | 10.4B | 11.81 | 1.62 | ||||
KEY | 14.5B | 8.1B | 16.61 | 1.78 | ||||
MID-CAP | ||||||||
CMA | 7.3B | 4.2B | 10.46 | 1.71 | ||||
ZION | 6.6B | 4.1B | 10.55 | 1.63 | ||||
ABCB | 3.5B | 1.3B | 12.32 | 2.65 | ||||
ASB | 3.4B | 2.0B | 20.88 | 1.65 | ||||
SMALL-CAP | ||||||||
AMNB | 497.6M | 120.2M | 19.02 | 4.14 | ||||
AROW | 417.1M | 173.1M | 14.3 | 2.41 | ||||
ALRS | 390.4M | 152.4M | 39.27 | 2.56 | ||||
ACNB | 295.5M | 98.7M | 10.04 | 2.99 | ||||
ASRV | 48.0M | 62.5M | -16.24 | 0.77 |
Macatawa Bank Corp News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Revenue | -1.9% | 29.00 | 30.00 | 30.00 | 27.00 | 27.00 | 25.00 | 21.00 | 15.00 | 13.00 | 13.00 | 15.00 | 15.00 | 15.00 | 17.00 | 16.00 | 17.00 | 17.00 | 18.00 | 19.00 | 19.00 | 19.00 |
EBITDA Margin | -4.6% | 1.19* | 1.24* | 1.33* | 1.41* | 1.48* | 1.53* | 1.56* | 1.58* | 1.61* | 1.61* | 1.61* | - | - | - | - | - | - | - | - | - | - |
Interest Expenses | -3.3% | 21.00 | 21.00 | 22.00 | 21.00 | 23.00 | 23.00 | 20.00 | 15.00 | 13.00 | 13.00 | 14.00 | 14.00 | 14.00 | 17.00 | 15.00 | 15.00 | 15.00 | 16.00 | 16.00 | 16.00 | 16.00 |
Income Taxes | 3.7% | 2.00 | 2.00 | 3.00 | 2.00 | 3.00 | 3.00 | 2.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Earnings Before Taxes | 3.2% | 12.00 | 12.00 | 14.00 | 13.00 | 15.00 | 15.00 | 13.00 | 8.00 | 7.00 | 8.00 | 9.00 | 10.00 | 10.00 | 11.00 | 9.00 | 9.00 | 8.00 | 10.00 | 10.00 | 10.00 | 9.00 |
EBT Margin | -6.8% | 0.44* | 0.47* | 0.52* | 0.55* | 0.57* | 0.57* | 0.57* | 0.56* | 0.59* | 0.61* | 0.62* | - | - | - | - | - | - | - | - | - | - |
Net Income | 3.1% | 10.00 | 9.00 | 11.00 | 10.00 | 12.00 | 12.00 | 10.00 | 7.00 | 6.00 | 6.00 | 7.00 | 8.00 | 8.00 | 9.00 | 7.00 | 8.00 | 6.00 | 8.00 | 8.00 | 8.00 | 8.00 |
Net Income Margin | -6.6% | 0.35* | 0.38* | 0.42* | 0.44* | 0.46* | 0.46* | 0.46* | 0.46* | 0.48* | 0.49* | 0.51* | - | - | - | - | - | - | - | - | - | - |
Free Cashflow | -29.4% | 9.00 | 13.00 | 8.00 | 10.00 | 12.00 | 14.00 | 9.00 | 5.00 | 6.00 | 7.00 | 12.00 | - | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Assets | -4.9% | 2,615 | 2,749 | 2,760 | 2,630 | 2,637 | 2,907 | 2,835 | 2,781 | 2,930 | 2,929 | 2,902 | 2,941 | 2,734 | 2,642 | 2,509 | 2,451 | 2,031 | 2,069 | 2,144 | 1,978 | 1,926 |
Cash Equivalents | -100.0% | - | 9.00 | - | - | 421 | 8.00 | 767 | 760 | 1,111 | 8.00 | 1,270 | 1,220 | 912 | 784 | - | - | - | 272 | - | - | - |
Net PPE | 1.0% | 39.00 | 39.00 | 39.00 | 40.00 | 40.00 | 40.00 | 41.00 | 41.00 | 41.00 | 42.00 | 42.00 | 43.00 | 43.00 | 43.00 | 44.00 | 43.00 | 43.00 | 43.00 | 44.00 | 44.00 | 45.00 |
Liabilities | -5.7% | 2,322 | 2,462 | 2,490 | 2,366 | 2,377 | 2,660 | 2,598 | 2,538 | 2,684 | 2,675 | 2,649 | 2,693 | 2,492 | 2,402 | 2,275 | 2,222 | 1,808 | 1,851 | 1,933 | 1,773 | 1,728 |
Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | 21.00 | 21.00 | 21.00 | 21.00 | 21.00 | 21.00 | 21.00 | 41.00 | 41.00 | 41.00 |
Shareholder's Equity | 2.1% | 293 | 287 | 270 | 264 | 261 | 59.00 | 237 | 243 | 246 | 254 | 252 | 248 | 242 | 240 | 234 | 229 | 224 | 217 | 212 | 206 | 198 |
Retained Earnings | 7.5% | 96.00 | 90.00 | 83.00 | 75.00 | 67.00 | 59.00 | 50.00 | 42.00 | 38.00 | 35.00 | 32.00 | 27.00 | 22.00 | 17.00 | 11.00 | 6.00 | 2.00 | -2.18 | -7.98 | -13.76 | -19.38 |
Shares Outstanding | 0% | 34.00 | 34.00 | 34.00 | 34.00 | 34.00 | 34.00 | 34.00 | 34.00 | 34.00 | 34.00 | 34.00 | - | - | - | - | - | - | - | - | - | - |
Float | - | - | - | - | 291 | - | - | - | 277 | - | - | - | 274 | - | - | - | 245 | - | - | - | 320 | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Cashflow From Operations | -21.0% | 10,116 | 12,798 | 8,164 | 10,109 | 12,729 | 14,670 | 9,099 | 4,876 | 6,155 | 7,180 | 11,820 | 12,237 | 4,687 | 9,752 | 5,116 | 5,782 | 9,925 | 6,682 | 6,907 | 7,459 | 8,672 |
Share Based Compensation | -42.2% | 166 | 287 | 180 | 183 | 170 | 167 | 142 | 197 | 197 | 187 | 167 | 166 | 164 | 145 | 109 | 142 | 109 | 153 | 110 | 105 | 59.00 |
Cashflow From Investing | 206.4% | 42,424 | -39,858 | -2,929 | -34,825 | -60,166 | -82,096 | -61,618 | -210,165 | -48,601 | -147,293 | 83,068 | 96,794 | 36,832 | 115,758 | 18,324 | -163,163 | -34,535 | -14,729 | -24,016 | 38,584 | 25,283 |
Cashflow From Financing | -336.8% | -144,411 | -33,061 | 121,307 | -12,091 | -286,995 | 56,044 | 58,869 | -145,449 | 1,598 | 21,963 | -45,267 | 199,401 | 86,630 | 125,226 | 49,555 | 410,191 | -40,645 | -89,939 | 156,662 | 40,854 | -61,253 |
Dividend Payments | -0.1% | 3,082 | 3,084 | 2,734 | 2,734 | 2,733 | 2,729 | 2,730 | 2,728 | 2,728 | 2,724 | 2,725 | 2,723 | 2,723 | 2,720 | 2,720 | 2,720 | 2,720 | 2,378 | 2,372 | 2,383 | 2,378 |
Buy Backs | -100.0% | - | 121 | - | 7.00 | 15.00 | 172 | 15.00 | 7.00 | 13.00 | 97.00 | 21.00 | 7.00 | 5.00 | 62.00 | 13.00 | - | 11.00 | 96.00 | - | 5.00 | - |
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | ||||
---|---|---|---|---|---|
Mar. 31, 2024 | Mar. 31, 2023 | ||||
Interest income | |||||
Loans, including fees | $ 19,171 | $ 15,660 | |||
Securities | |||||
Taxable | 4,428 | 4,481 | |||
Tax-exempt | 698 | 698 | |||
FHLB Stock | 120 | 65 | |||
Federal funds sold and other short-term investments | 4,660 | 6,362 | |||
Total interest income | 29,077 | 27,266 | |||
Interest expense | |||||
Deposits | 8,221 | 4,494 | |||
Other borrowings | 129 | 156 | |||
Total interest expense | 8,350 | 4,650 | |||
Net interest income | 20,727 | 22,616 | |||
Provision for credit losses | 0 | [1] | 0 | ||
Net interest income after provision (benefit) for credit losses | 20,727 | 22,616 | |||
Noninterest income | |||||
Net gains on mortgage loans | 8 | 11 | |||
BOLI income | 274 | 199 | |||
Other | 572 | 629 | |||
Total noninterest income | 4,660 | 4,528 | |||
Noninterest expense | |||||
Salaries and benefits | 6,950 | 6,698 | |||
Occupancy of premises | 999 | 1,137 | |||
Furniture and equipment | 1,062 | 1,031 | |||
Legal and professional | 664 | 348 | |||
Marketing and promotion | 211 | 219 | |||
Data processing | 1,084 | 955 | |||
FDIC assessment | 330 | 330 | |||
Interchange and other card expense | 406 | 384 | |||
Bond and D&O Insurance | 122 | 122 | |||
Other | 1,417 | 941 | |||
Total noninterest expenses | 13,245 | 12,165 | |||
Income before income tax | 12,142 | 14,979 | |||
Income tax expense | 2,349 | 2,975 | |||
Net income | $ 9,793 | $ 12,004 | |||
Basic and diluted earnings per common share (in dollars per share) | $ 0.29 | $ 0.35 | |||
Cash dividends per common share (in dollars per share) | $ 0.09 | $ 0.08 | |||
Service [Member] | |||||
Noninterest income | |||||
Noninterest revenue | $ 1,003 | $ 994 | |||
Trust Fees [Member] | |||||
Noninterest income | |||||
Noninterest revenue | 1,220 | 1,033 | |||
ATM and Debit Card Fees [Member] | |||||
Noninterest income | |||||
Noninterest revenue | $ 1,583 | $ 1,662 | |||
|
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
---|---|---|
ASSETS | ||
Cash and due from banks | $ 27,081 | $ 32,317 |
Federal funds sold and other short-term investments | 331,400 | 418,035 |
Cash and cash equivalents | 358,481 | 450,352 |
Debt securities available for sale, at fair value | 491,214 | 508,798 |
Debt securities held to maturity (fair value 2024 - $291,651 and 2023 - $322,098) | 300,751 | 331,523 |
Federal Home Loan Bank (FHLB) stock | 10,211 | 10,211 |
Loans held for sale, at fair value | 0 | 0 |
Total loans | 1,342,208 | 1,338,386 |
Allowance for credit losses | (17,440) | (17,442) |
Net loans | 1,324,768 | 1,320,944 |
Premises and equipment – net | 38,971 | 38,604 |
Accrued interest receivable | 10,266 | 8,976 |
Bank-owned life insurance | 54,535 | 54,249 |
Deferred tax asset - net | 7,385 | 7,202 |
Other assets | 18,324 | 17,840 |
Total assets | 2,614,906 | 2,748,699 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Noninterest-bearing | 614,325 | 643,035 |
Interest-bearing | 1,670,076 | 1,772,695 |
Total deposits | 2,284,401 | 2,415,730 |
Other borrowed funds | 20,000 | 30,000 |
Accrued expenses and other liabilities | 17,532 | 15,884 |
Total liabilities | 2,321,933 | 2,461,614 |
Commitments and contingent liabilities | ||
Shareholders' equity | ||
Common stock, no par value, 200,000,000 shares authorized; 34,361,562 issued and outstanding, respectively | 220,421 | 220,255 |
Retained earnings | 96,471 | 89,760 |
Accumulated other comprehensive loss | (23,919) | (22,930) |
Total shareholders' equity | 292,973 | 287,085 |
Total liabilities and shareholders' equity | $ 2,614,906 | $ 2,748,699 |