Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Macatawa Bank (MCBC) Share Price

News stories about Macatawa Bank (NASDAQ:MCBC) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Macatawa Bank earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 44.8142383422778 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

MCBC traded down $0.04 on Wednesday, hitting $12.52. 617 shares of the company’s stock traded hands, compared to its average volume of 56,752. The company has a market capitalization of $427.94 million, a PE ratio of 21.69 and a beta of 0.59. Macatawa Bank has a one year low of $9.05 and a one year high of $12.82. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.70.

Macatawa Bank (NASDAQ:MCBC) last issued its earnings results on Thursday, April 26th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $18.31 million for the quarter. Macatawa Bank had a return on equity of 11.61% and a net margin of 22.79%.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 30th. Investors of record on Tuesday, May 15th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Monday, May 14th.

Several brokerages recently issued reports on MCBC. BidaskClub raised Macatawa Bank from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 21st. ValuEngine raised Macatawa Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, June 6th.

Macatawa Bank Company Profile

Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that provides commercial and consumer banking and trust services. The company accepts various deposits, such as checking accounts, savings accounts, time deposits, regular and money market savings accounts, certificates of deposit, and demand deposits.

Insider Buying and Selling by Quarter for Macatawa Bank (NASDAQ:MCBC)

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