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About the company
Macatawa Bank Corporation is a bank holding company of its subsidiary, Macatawa Bank (the Bank). The Bank offers a range of banking, retail and commercial lending, wealth management and e-commerce services to individuals, businesses and governmental entities. It operates a network of approximately 26 full-service branch offices providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan. It offers loan products to business customers, including commercial and industrial and commercial real estate loans, construction and development loans, and multi-family and other non-residential real estate loans. It also offers loans products to retail customers, such as residential mortgage and consumer loans. It offers a range of deposit services, including checking accounts, savings accounts and time deposits of various types. It also offers trust services, which includes personal trust and retirement plan services.
- Revenue in USD (TTM)115.62m
- Net income in USD41.01m
- Incorporated1997
- Employees287.00
- LocationMacatawa Bank Corp10753 Macatawa DrHOLLAND 49424-9572United StatesUSA
- Phone+1 (616) 820-1444
- Fax+1 (616) 494-7644
- Websitehttps://www.macatawabank.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| South Plains Financial Inc | 223.31m | 64.38m | 445.79m | 547.00 | 7.27 | 1.09 | 6.30 | 2.02 | 3.73 | 3.73 | 12.85 | 24.87 | -- | -- | -- | -- | 1.56 | 1.40 | -- | -- | -- | -- | 29.16 | 24.49 | -- | -- | -- | 10.13 | 31.56 | 12.42 | 7.74 | 16.46 | 8.35 | -- |
| Washington Trust Bancorp Inc | 325.15m | 46.23m | 447.68m | 665.00 | 9.68 | 0.9576 | 8.75 | 2.34 | 2.71 | 2.71 | 11.24 | 27.41 | -- | -- | -- | -- | 0.6564 | 1.13 | -- | -- | -- | -- | 24.17 | 31.43 | -- | -- | -- | 54.91 | 58.72 | 11.84 | -32.72 | -6.77 | 4.90 | 5.92 |
| Farmers National Banc Corp | 217.16m | 54.10m | 458.86m | 666.00 | 8.45 | 1.16 | 7.51 | 2.66 | 1.45 | 1.45 | 4.62 | 10.57 | -- | -- | -- | -- | 1.06 | 1.38 | -- | -- | -- | -- | 31.33 | 32.94 | -- | -- | -- | 35.39 | 50.14 | 18.38 | -17.60 | 8.92 | 53.86 | 17.78 |
| Capital City Bank Group, Inc. | 183.96m | 51.11m | 460.18m | 784.00 | 9.04 | 1.01 | 10.65 | 2.01 | 3.00 | 3.00 | 13.46 | 26.85 | -- | -- | -- | -- | 1.13 | 1.02 | -- | -- | -- | -- | 21.39 | 19.52 | -- | -- | -- | 28.75 | 37.27 | 12.74 | 56.40 | 18.23 | 37.04 | 18.89 |
| Metropolitan Bank Holding Corp | 404.48m | 68.12m | 470.66m | 275.00 | 6.90 | 0.6987 | 8.68 | 1.87 | 6.10 | 6.10 | 22.55 | 60.18 | -- | -- | -- | -- | 0.9939 | 1.04 | -- | -- | -- | -- | 27.15 | 28.47 | -- | -- | -- | 0.00 | 43.98 | 34.93 | 29.72 | 24.82 | 23.96 | -- |
| Camden National Corporation | 233.70m | 43.89m | 473.55m | 600.00 | 10.79 | 0.9433 | 9.89 | 2.95 | 3.00 | 3.00 | 11.00 | 34.37 | -- | -- | -- | -- | 0.7632 | 1.14 | -- | -- | -- | -- | 27.33 | 32.45 | -- | -- | -- | 37.60 | 30.94 | 8.37 | -29.29 | -3.92 | -12.19 | 8.84 |
| Hanmi Financial Corp | 381.62m | 72.76m | 478.90m | 609.00 | 6.55 | 0.6787 | 6.00 | 1.93 | 2.41 | 2.41 | 8.18 | 23.22 | -- | -- | -- | -- | 0.9797 | 1.09 | -- | -- | -- | -- | 29.56 | 29.83 | -- | -- | -- | 34.44 | 34.88 | 9.52 | -21.12 | 6.70 | -8.13 | 0.8198 |
| Hometrust Bancshares Inc | 247.17m | 57.89m | 481.65m | 541.00 | 8.02 | 0.9386 | 6.73 | 2.39 | 3.44 | 3.44 | 12.00 | 29.42 | -- | -- | -- | -- | 1.27 | -- | -- | -- | -- | -- | 28.93 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Macatawa Bank Corp | 115.62m | 41.01m | 483.12m | 287.00 | 11.76 | 1.65 | 11.60 | 4.64 | 1.20 | 1.20 | 3.03 | 8.53 | -- | -- | -- | -- | 1.56 | 1.31 | -- | -- | -- | -- | 39.39 | 38.04 | -- | -- | -- | 31.63 | 51.94 | 10.51 | 24.45 | 10.38 | -19.30 | 5.71 |
| Midland States Bancorp Inc | 410.43m | 57.81m | 488.07m | 878.00 | 8.64 | 0.7174 | 6.96 | 1.61 | 2.63 | 2.63 | 13.82 | 36.82 | -- | -- | -- | -- | 0.8574 | 0.9544 | -- | -- | -- | -- | 22.27 | 23.34 | -- | -- | -- | 39.64 | 33.98 | 12.60 | -30.72 | 10.96 | 3.93 | 6.40 |
| Five Star Bancorp | 181.61m | 45.20m | 488.66m | 180.00 | 8.72 | 1.36 | 10.43 | 4.20 | 2.63 | 2.63 | 6.77 | 16.86 | -- | -- | -- | -- | 1.32 | -- | -- | -- | -- | -- | 38.82 | -- | -- | -- | -- | -- | 47.88 | -- | 6.55 | -- | -- | -- |
| Heritage Commerce Corp. | 235.58m | 55.69m | 499.24m | 351.00 | 8.98 | 0.7382 | 8.43 | 2.74 | 0.9073 | 0.9073 | 2.97 | 11.04 | -- | -- | -- | -- | 1.03 | 1.08 | -- | -- | -- | -- | 30.54 | 30.59 | -- | -- | -- | 58.28 | 24.08 | 12.53 | -3.17 | 12.77 | 54.96 | 3.40 |
| Equity BancShares Inc | 262.36m | 9.57m | 521.10m | 717.00 | 56.15 | 1.13 | 29.24 | 3.52 | 0.6002 | 0.6002 | 9.55 | 29.77 | -- | -- | -- | -- | 0.184 | 0.3031 | -- | -- | -- | -- | 6.46 | 8.33 | -- | -- | -- | 22.03 | 31.06 | 8.84 | -86.44 | -26.24 | 12.02 | -- |
| Independent Bank Corp (Michigan) | 250.87m | 62.07m | 523.82m | 741.00 | 8.51 | 1.26 | 7.26 | 2.46 | 2.95 | 2.95 | 10.11 | 19.88 | -- | -- | -- | -- | 1.20 | 1.32 | -- | -- | -- | -- | 29.14 | 28.84 | -- | -- | -- | 31.34 | 41.81 | 12.88 | -6.76 | 8.20 | 9.30 | 8.92 |
| Cambridge Bancorp | 223.01m | 28.56m | 525.32m | 407.00 | 18.41 | 0.9806 | -- | 3.38 | 3.64 | 3.64 | 19.76 | 68.27 | -- | -- | -- | -- | 0.5243 | 0.9434 | -- | -- | -- | -- | 18.41 | 24.91 | -- | -- | -- | 39.78 | 36.59 | 25.91 | -35.28 | 7.59 | 3.50 | 6.55 |
Data as of May 31 2024. Currency figures normalised to Macatawa Bank Corp's reporting currency: US Dollar USD
28.98%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| AllianceBernstein LPas of 31 Mar 2024 | 2.15m | 6.25% |
| Dimensional Fund Advisors LPas of 31 Mar 2024 | 1.56m | 4.55% |
| BlackRock Fund Advisorsas of 31 Mar 2024 | 1.52m | 4.43% |
| The Vanguard Group, Inc.as of 31 Mar 2024 | 1.45m | 4.22% |
| Renaissance Technologies LLCas of 31 Mar 2024 | 935.95k | 2.72% |
| Geode Capital Management LLCas of 31 Mar 2024 | 576.97k | 1.68% |
| SSgA Funds Management, Inc.as of 31 Mar 2024 | 568.63k | 1.66% |
| Siena Capital Partners GP LLCas of 31 Mar 2024 | 439.56k | 1.28% |
| Acadian Asset Management LLCas of 31 Mar 2024 | 415.31k | 1.21% |
| Parametric Portfolio Associates LLCas of 31 Mar 2024 | 337.51k | 0.98% |
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
