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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 : 6/10

vs
industry
vs
history
Cash to Debt 0.36
MCBC's Cash to Debt is ranked lower than
74% of the 1088 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.69 vs. MCBC: 0.36 )
Ranked among companies with meaningful Cash to Debt only.
MCBC' s Cash to Debt Range Over the Past 10 Years
Min: 0.07  Med: 0.21 Max: N/A
Current: 0.36
Equity to Asset 0.09
MCBC's Equity to Asset is ranked lower than
59% of the 1578 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 3.47
MCBC's Interest Coverage is ranked higher than
70% of the 1429 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.82 vs. MCBC: 3.47 )
Ranked among companies with meaningful Interest Coverage only.
MCBC' s Interest Coverage Range Over the Past 10 Years
Min: 0.17  Med: 0.72 Max: 2.69
Current: 3.47
0.17
2.69
F-Score: 4
WACC vs ROIC
5.07%
5.43%
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 : 4/10

vs
industry
vs
history
Operating margin (%) 29.77
MCBC's Operating margin (%) is ranked lower than
54% of the 1590 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 30.86 vs. MCBC: 29.77 )
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: 40.54
Current: 29.77
-103.96
40.54
Net-margin (%) 20.68
MCBC's Net-margin (%) is ranked lower than
56% of the 1593 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.37 vs. MCBC: 20.68 )
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: 20.68
-91.58
56.25
ROE (%) 8.68
MCBC's ROE (%) is ranked higher than
55% of the 1589 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.01 vs. MCBC: 8.68 )
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: 8.68
-56.08
31.56
ROA (%) 0.78
MCBC's ROA (%) is ranked lower than
55% of the 1598 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.86 vs. MCBC: 0.78 )
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: 0.78
-3.2
2.31
Revenue Growth (3Y)(%) -14.20
MCBC's Revenue Growth (3Y)(%) is ranked lower than
84% of the 1284 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.10 vs. MCBC: -14.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
MCBC' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -18.4  Med: 4.30 Max: 62.7
Current: -14.2
-18.4
62.7
EBITDA Growth (3Y)(%) 11.50
MCBC's EBITDA Growth (3Y)(%) is ranked higher than
65% of the 1167 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.40 vs. MCBC: 11.50 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
MCBC' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -8.6  Med: 16.10 Max: 71
Current: 11.5
-8.6
71
EPS Growth (3Y)(%) 6.60
MCBC's EPS Growth (3Y)(%) is ranked lower than
53% of the 1165 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.60 vs. MCBC: 6.60 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
MCBC' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -33.6  Med: 15.70 Max: 81.7
Current: 6.6
-33.6
81.7
» MCBC's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2014

MCBC Guru Trades in Q4 2014

Jim Simons 198,889 sh (+49.34%)
» More
Q1 2015

MCBC Guru Trades in Q1 2015

Jim Simons 278,531 sh (+40.04%)
» More
Q2 2015

MCBC Guru Trades in Q2 2015

Jim Simons 490,989 sh (+76.28%)
» More
Q3 2015

MCBC Guru Trades in Q3 2015

Jim Simons 550,997 sh (+12.22%)
» 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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Ratios

vs
industry
vs
history
P/E(ttm) 17.30
MCBC's P/E(ttm) is ranked lower than
79% of the 2164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.39 vs. MCBC: 17.30 )
Ranked among companies with meaningful P/E(ttm) only.
MCBC' s P/E(ttm) Range Over the Past 10 Years
Min: 2.17  Med: 16.33 Max: 42.72
Current: 17.3
2.17
42.72
Forward P/E 7.08
MCBC's Forward P/E is ranked higher than
74% of the 1322 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.27 vs. MCBC: 7.08 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 17.19
MCBC's PE(NRI) is ranked lower than
76% of the 1679 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.31 vs. MCBC: 17.19 )
Ranked among companies with meaningful PE(NRI) only.
MCBC' s PE(NRI) Range Over the Past 10 Years
Min: 2.18  Med: 16.30 Max: 43.5
Current: 17.19
2.18
43.5
P/B 1.25
MCBC's P/B is ranked lower than
71% of the 2247 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.01 vs. MCBC: 1.25 )
Ranked among companies with meaningful P/B only.
MCBC' s P/B Range Over the Past 10 Years
Min: 0.25  Med: 1.25 Max: 2.97
Current: 1.25
0.25
2.97
P/S 3.15
MCBC's P/S is ranked lower than
64% of the 2511 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.55 vs. MCBC: 3.15 )
Ranked among companies with meaningful P/S only.
MCBC' s P/S Range Over the Past 10 Years
Min: 0.28  Med: 2.28 Max: 12.27
Current: 3.15
0.28
12.27
PFCF 18.31
MCBC's PFCF is ranked lower than
82% of the 1355 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.28 vs. MCBC: 18.31 )
Ranked among companies with meaningful PFCF only.
MCBC' s PFCF Range Over the Past 10 Years
Min: 0.71  Med: 7.69 Max: 135.24
Current: 18.31
0.71
135.24
POCF 17.75
MCBC's POCF is ranked lower than
86% of the 1518 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.30 vs. MCBC: 17.75 )
Ranked among companies with meaningful POCF only.
MCBC' s POCF Range Over the Past 10 Years
Min: 0.7  Med: 6.96 Max: 82.11
Current: 17.75
0.7
82.11
EV-to-EBIT 17.25
MCBC's EV-to-EBIT is ranked lower than
68% of the 2121 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.36 vs. MCBC: 17.25 )
Ranked among companies with meaningful EV-to-EBIT only.
MCBC' s EV-to-EBIT Range Over the Past 10 Years
Min: -19.6  Med: 17.60 Max: 101.8
Current: 17.25
-19.6
101.8
EV-to-EBITDA 14.73
MCBC's EV-to-EBITDA is ranked lower than
65% of the 2129 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.08 vs. MCBC: 14.73 )
Ranked among companies with meaningful EV-to-EBITDA only.
MCBC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -23.8  Med: 14.80 Max: 57.1
Current: 14.73
-23.8
57.1

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.92
MCBC's Dividend Yield is ranked lower than
73% of the 2412 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.03 vs. MCBC: 1.92 )
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: 1.92
0.37
14.86
Dividend Payout 0.29
MCBC's Dividend Payout is ranked higher than
59% of the 1441 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.34 vs. MCBC: 0.29 )
Ranked among companies with meaningful Dividend Payout only.
MCBC' s Dividend Payout Range Over the Past 10 Years
Min: 0.21  Med: 0.30 Max: 1
Current: 0.29
0.21
1
Forward Dividend Yield 2.11
MCBC's Forward Dividend Yield is ranked lower than
74% of the 2191 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.26 vs. MCBC: 2.11 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 1.93
MCBC's Yield on cost (5-Year) is ranked lower than
74% of the 2446 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.42 vs. MCBC: 1.93 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
MCBC' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.37  Med: 1.93 Max: 14.86
Current: 1.93
0.37
14.86
3-Year Average Share Buyback Ratio -14.10
MCBC's 3-Year Average Share Buyback Ratio is ranked lower than
82% of the 1061 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.70 vs. MCBC: -14.10 )
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: -31.7  Med: -12.10 Max: 0.5
Current: -14.1
-31.7
0.5

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.27
MCBC's Price/Tangible Book is ranked lower than
62% of the 2191 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.08 vs. MCBC: 1.27 )
Ranked among companies with meaningful Price/Tangible Book only.
MCBC' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.5  Med: 1.35 Max: 3.26
Current: 1.27
0.5
3.26
Price/Projected FCF 0.68
MCBC's Price/Projected FCF is ranked lower than
55% of the 1350 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9999.00 vs. MCBC: 0.68 )
Ranked among companies with meaningful Price/Projected FCF only.
MCBC' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.13  Med: 0.51 Max: 2.75
Current: 0.68
0.13
2.75
Price/Median PS Value 1.40
MCBC's Price/Median PS Value is ranked lower than
89% of the 2108 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.94 vs. MCBC: 1.40 )
Ranked among companies with meaningful Price/Median PS Value only.
MCBC' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.13  Med: 1.26 Max: 4.71
Current: 1.4
0.13
4.71
Price/Graham Number 0.95
MCBC's Price/Graham Number is ranked lower than
63% of the 2062 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.80 vs. MCBC: 0.95 )
Ranked among companies with meaningful Price/Graham Number only.
MCBC' s Price/Graham Number Range Over the Past 10 Years
Min: 0.28  Med: 1.11 Max: 1.86
Current: 0.95
0.28
1.86
Earnings Yield (Greenblatt) (%) 5.88
MCBC's Earnings Yield (Greenblatt) (%) is ranked lower than
60% of the 1519 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.20 vs. MCBC: 5.88 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MCBC' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 1  Med: 3.90 Max: 14.1
Current: 5.88
1
14.1
Forward Rate of Return (Yacktman) (%) 5.88
MCBC's Forward Rate of Return (Yacktman) (%) is ranked lower than
68% of the 869 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.65 vs. MCBC: 5.88 )
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: 0.4  Med: 18.80 Max: 107.8
Current: 5.88
0.4
107.8

More Statistics

Revenue(Mil) $62
EPS $ 0.36
Beta0.61
Short Percentage of Float0.52%
52-Week Range $4.96 - 6.15
Shares Outstanding(Mil)33.87

Business Description

Industry: Banks » Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR » details
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.
» 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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