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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.22
MCBC's Cash-to-Debt is ranked lower than
86% of the 1482 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.92 vs. MCBC: 0.22 )
Ranked among companies with meaningful Cash-to-Debt only.
MCBC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08  Med: 0.26 Max: 8.98
Current: 0.22
0.08
8.98
Equity-to-Asset 0.09
MCBC's Equity-to-Asset is ranked lower than
59% of the 1484 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. MCBC: 0.09 )
Ranked among companies with meaningful Equity-to-Asset only.
MCBC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.04  Med: 0.08 Max: 0.1
Current: 0.09
0.04
0.1
Interest Coverage 4.47
MCBC's Interest Coverage is ranked higher than
78% of the 1576 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.67 vs. MCBC: 4.47 )
Ranked among companies with meaningful Interest Coverage only.
MCBC' s Interest Coverage Range Over the Past 10 Years
Min: 0.17  Med: 1.88 Max: 4.47
Current: 4.47
0.17
4.47
Piotroski F-Score: 5
Beneish M-Score: -2.32
WACC vs ROIC
5.44%
6.14%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 33.30
MCBC's Operating Margin % is ranked higher than
58% of the 1497 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 30.60 vs. MCBC: 33.30 )
Ranked among companies with meaningful Operating Margin % only.
MCBC' s Operating Margin % Range Over the Past 10 Years
Min: -103.96  Med: 20.26 Max: 33.3
Current: 33.3
-103.96
33.3
Net Margin % 23.95
MCBC's Net Margin % is ranked higher than
57% of the 1496 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 21.84 vs. MCBC: 23.95 )
Ranked among companies with meaningful Net Margin % only.
MCBC' s Net Margin % Range Over the Past 10 Years
Min: -91.58  Med: 14.18 Max: 56.25
Current: 23.95
-91.58
56.25
ROE % 10.09
MCBC's ROE % is ranked higher than
66% of the 1495 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.26 vs. MCBC: 10.09 )
Ranked among companies with meaningful ROE % only.
MCBC' s ROE % Range Over the Past 10 Years
Min: -56.08  Med: 6.51 Max: 31.56
Current: 10.09
-56.08
31.56
ROA % 0.95
MCBC's ROA % is ranked higher than
57% of the 1504 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.87 vs. MCBC: 0.95 )
Ranked among companies with meaningful ROA % only.
MCBC' s ROA % Range Over the Past 10 Years
Min: -3.2  Med: 0.53 Max: 2.31
Current: 0.95
-3.2
2.31
3-Year Revenue Growth Rate -2.40
MCBC's 3-Year Revenue Growth Rate is ranked lower than
77% of the 1300 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.80 vs. MCBC: -2.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
MCBC' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -18.3  Med: -0.85 Max: 62.5
Current: -2.4
-18.3
62.5
3-Year EBITDA Growth Rate 5.80
MCBC's 3-Year EBITDA Growth Rate is ranked lower than
51% of the 1210 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.10 vs. MCBC: 5.80 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
MCBC' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -8.8  Med: 12 Max: 71.7
Current: 5.8
-8.8
71.7
GuruFocus has detected 4 Warning Signs with Macatawa Bank Corp $MCBC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» MCBC's 10-Y Financials

Financials (Next Earnings Date: 2017-04-28 Est.)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

MCBC Guru Trades in Q1 2016

Charles Brandes 13,062 sh (New)
Jim Simons 627,296 sh (-2.50%)
» More
Q2 2016

MCBC Guru Trades in Q2 2016

Jim Simons 753,800 sh (+20.17%)
Charles Brandes Sold Out
» More
Q3 2016

MCBC Guru Trades in Q3 2016

Jim Simons 729,000 sh (-3.29%)
» More
Q4 2016

MCBC Guru Trades in Q4 2016

Jim Simons 861,700 sh (+18.20%)
» More
» Details

Insider Trades

Latest Guru Trades with MCBC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Banks » Banks - Regional - US    NAICS: 522110    SIC: 6022
Compare:NAS:AMNB, NAS:CCBG, NAS:CNBKA, NAS:OSBC, NAS:WNEB, NAS:MBVT, NAS:FNLC, NAS:WTBA, NAS:WFBI, NAS:OLBK, NAS:CCNE, NAS:BSRR, NAS:PFIS, NAS:FMNB, NAS:ATLO, NAS:FBNK, NAS:EQBK, NAS:PBNC, NAS:FFKT, NAS:CZNC » details
Macatawa Bank Corp through its subsidiary provides commercial and personal banking services, including checking, savings and certificates of deposit accounts, cash management, safe deposit boxes, trust services and commercial, mortgage & consumer loans.

Macatawa Bank Corp was incorporated in 1997. The Company's business is concentrated in a single industry segment - commercial banking. Through its wholly-owned subsidiary, Macatawa Bank, it offer a full 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 through its twenty-six branch offices and a lending and operation service facility in Ottawa County, Kent County and northern Allegan County, Michigan. Other services it offers include ATMs, internet banking, telephone banking and debit cards. The Bank provides various brokerage services, including discount brokerage through Infinex, personal financial planning and consultation regarding mutual funds. Its lending activities includes, commercial and industrial loans; commercial real estate loans; construction and development loans; multi-family and other non-residential real estate loans; retail loans; residential mortgage loans.; and consumer loans. It offers various deposit services including, checking accounts, savings accounts and time deposits of various types. It solicits deposit services from individuals, businesses, associations, churches, nonprofit organizations, financial institutions and government authorities. Deposits are gathered mainly from the communities it serves through its network of 26 branches. It offers business and consumer checking accounts, regular and money market savings accounts, and certificates of deposit with many term options. It also face competition from finance companies, insurance companies, mortgage companies, securities brokerage firms, money market funds and other providers of financial services. The Bank is subject to regulation by the Federal Reserve, the FDIC and OFIR, in addition to other regulatory and self-regulatory organizations.

Ratios

vs
industry
vs
history
PE Ratio 20.57
MCBC's PE Ratio is ranked lower than
76% of the 1638 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.36 vs. MCBC: 20.57 )
Ranked among companies with meaningful PE Ratio only.
MCBC' s PE Ratio Range Over the Past 10 Years
Min: 2.18  Med: 16.06 Max: 41.61
Current: 20.57
2.18
41.61
PE Ratio without NRI 20.57
MCBC's PE Ratio without NRI is ranked lower than
76% of the 1595 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.62 vs. MCBC: 20.57 )
Ranked among companies with meaningful PE Ratio without NRI only.
MCBC' s PE Ratio without NRI Range Over the Past 10 Years
Min: 2.18  Med: 16.05 Max: 41.61
Current: 20.57
2.18
41.61
Price-to-Owner-Earnings 21.79
MCBC's Price-to-Owner-Earnings is ranked lower than
78% of the 860 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.74 vs. MCBC: 21.79 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
MCBC' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 1.32  Med: 13.98 Max: 684.12
Current: 21.79
1.32
684.12
PB Ratio 2.03
MCBC's PB Ratio is ranked lower than
87% of the 1552 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.17 vs. MCBC: 2.03 )
Ranked among companies with meaningful PB Ratio only.
MCBC' s PB Ratio Range Over the Past 10 Years
Min: 0.25  Med: 1.25 Max: 2.7
Current: 2.03
0.25
2.7
PS Ratio 4.92
MCBC's PS Ratio is ranked lower than
79% of the 1539 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.41 vs. MCBC: 4.92 )
Ranked among companies with meaningful PS Ratio only.
MCBC' s PS Ratio Range Over the Past 10 Years
Min: 0.28  Med: 2.27 Max: 10.05
Current: 4.92
0.28
10.05
Price-to-Free-Cash-Flow 20.84
MCBC's Price-to-Free-Cash-Flow is ranked lower than
80% of the 854 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.08 vs. MCBC: 20.84 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
MCBC' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 0.7  Med: 9.27 Max: 28.46
Current: 20.84
0.7
28.46
Price-to-Operating-Cash-Flow 19.40
MCBC's Price-to-Operating-Cash-Flow is ranked lower than
83% of the 920 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.36 vs. MCBC: 19.40 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
MCBC' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 0.69  Med: 7.46 Max: 23.52
Current: 19.4
0.69
23.52
EV-to-EBIT 19.19
MCBC's EV-to-EBIT is ranked lower than
71% of the 1204 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.59 vs. MCBC: 19.19 )
Ranked among companies with meaningful EV-to-EBIT only.
MCBC' s EV-to-EBIT Range Over the Past 10 Years
Min: -19.6  Med: 17.1 Max: 101.8
Current: 19.19
-19.6
101.8
EV-to-EBITDA 17.02
MCBC's EV-to-EBITDA is ranked lower than
70% of the 1219 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.36 vs. MCBC: 17.02 )
Ranked among companies with meaningful EV-to-EBITDA only.
MCBC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -23.8  Med: 14.4 Max: 54.4
Current: 17.02
-23.8
54.4
PEG Ratio 2.85
MCBC's PEG Ratio is ranked lower than
73% of the 767 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.42 vs. MCBC: 2.85 )
Ranked among companies with meaningful PEG Ratio only.
MCBC' s PEG Ratio Range Over the Past 10 Years
Min: 0.85  Med: 2.9 Max: 5.97
Current: 2.85
0.85
5.97

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 1.35
MCBC's Dividend Yield % is ranked lower than
82% of the 2308 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.66 vs. MCBC: 1.35 )
Ranked among companies with meaningful Dividend Yield % only.
MCBC' s Dividend Yield % Range Over the Past 10 Years
Min: 0.37  Med: 1.93 Max: 14.86
Current: 1.35
0.37
14.86
Dividend Payout Ratio 0.26
MCBC's Dividend Payout Ratio is ranked higher than
64% of the 1308 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.33 vs. MCBC: 0.26 )
Ranked among companies with meaningful Dividend Payout Ratio only.
MCBC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.26  Med: 0.27 Max: 0.95
Current: 0.26
0.26
0.95
Forward Dividend Yield % 1.66
MCBC's Forward Dividend Yield % is ranked lower than
79% of the 2276 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.87 vs. MCBC: 1.66 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 1.35
MCBC's 5-Year Yield-on-Cost % is ranked lower than
84% of the 2646 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.10 vs. MCBC: 1.35 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
MCBC' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.37  Med: 1.93 Max: 14.86
Current: 1.35
0.37
14.86
3-Year Average Share Buyback Ratio -0.10
MCBC's 3-Year Average Share Buyback Ratio is ranked higher than
73% of the 997 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.60 vs. MCBC: -0.10 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
MCBC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -36.2  Med: -7.65 Max: -0.1
Current: -0.1
-36.2
-0.1

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.02
MCBC's Price-to-Tangible-Book is ranked lower than
80% of the 1534 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.24 vs. MCBC: 2.02 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
MCBC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.5  Med: 1.51 Max: 3.21
Current: 2.02
0.5
3.21
Price-to-Intrinsic-Value-Projected-FCF 1.27
MCBC's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
81% of the 895 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.81 vs. MCBC: 1.27 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
MCBC' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.15  Med: 0.54 Max: 2.2
Current: 1.27
0.15
2.2
Price-to-Median-PS-Value 2.17
MCBC's Price-to-Median-PS-Value is ranked lower than
94% of the 1429 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.18 vs. MCBC: 2.17 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
MCBC' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.23  Med: 1.41 Max: 4.24
Current: 2.17
0.23
4.24
Price-to-Graham-Number 1.36
MCBC's Price-to-Graham-Number is ranked lower than
80% of the 1344 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.96 vs. MCBC: 1.36 )
Ranked among companies with meaningful Price-to-Graham-Number only.
MCBC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.28  Med: 1.11 Max: 2.07
Current: 1.36
0.28
2.07
Earnings Yield (Greenblatt) % 5.21
MCBC's Earnings Yield (Greenblatt) % is ranked lower than
54% of the 1560 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.77 vs. MCBC: 5.21 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
MCBC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1  Med: 5.4 Max: 11.6
Current: 5.21
1
11.6
Forward Rate of Return (Yacktman) % 8.52
MCBC's Forward Rate of Return (Yacktman) % is ranked lower than
59% of the 885 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.32 vs. MCBC: 8.52 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
MCBC' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 5.4  Med: 19.8 Max: 107.8
Current: 8.52
5.4
107.8

More Statistics

Revenue (TTM) (Mil) $66.61
EPS (TTM) $ 0.47
Beta0.53
Short Percentage of Float1.69%
52-Week Range $6.16 - 10.67
Shares Outstanding (Mil)33.94
» More Articles for MCBC

Headlines

Articles On GuruFocus.com
Banking on Michigan: More Than Just Automation Alley Aug 30 2013 
Macatawa Bank Corp. Reports Operating Results (10-K) Feb 24 2011 
Macatawa Bank Corp. Reports Operating Results (10-Q) Oct 28 2010 
Macatawa Bank Corp. Reports Operating Results (10-Q) Jul 29 2010 
Macatawa Bank Corp. Reports Operating Results (10-Q) Apr 29 2010 
Macatawa Bank Corp. Reports Operating Results (10-Q) Oct 30 2009 
Macatawa Bank Corp. Reports Operating Results (10-Q) May 08 2009 

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ETFs with exposure to Macatawa Bank Corp. : February 2, 2017 Feb 02 2017
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