Macatawa Bank (NASDAQ:MCBC) is scheduled to be releasing its earnings data on Wednesday, January 24th. Analysts expect Macatawa Bank to post earnings of $0.15 per share for the quarter.

Macatawa Bank (NASDAQ:MCBC) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. Macatawa Bank had a return on equity of 10.84% and a net margin of 24.64%. The firm had revenue of $17.44 million during the quarter.

Macatawa Bank (NASDAQ:MCBC) opened at $10.20 on Wednesday. Macatawa Bank has a 12-month low of $8.87 and a 12-month high of $10.66. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $346.54, a PE ratio of 19.25 and a beta of 1.12.

Separately, BidaskClub lowered Macatawa Bank from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th.

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Macatawa Bank 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.

Earnings History for Macatawa Bank (NASDAQ:MCBC)

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