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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 0.35
MCBC's Cash to Debt is ranked lower than
73% of the 983 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.38 vs. MCBC: 0.35 )
Ranked among companies with meaningful Cash to Debt only.
MCBC' s 10-Year Cash to Debt Range
Min: 0.07  Med: 0.22 Max: N/A
Current: 0.35
Equity to Asset 0.09
MCBC's Equity to Asset is ranked lower than
59% of the 1353 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 10-Year Equity to Asset Range
Min: 0.04  Med: 0.08 Max: 0.1
Current: 0.09
0.04
0.1
Interest Coverage 2.69
MCBC's Interest Coverage is ranked higher than
65% of the 1269 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.61 vs. MCBC: 2.69 )
Ranked among companies with meaningful Interest Coverage only.
MCBC' s 10-Year Interest Coverage Range
Min: 0.07  Med: 0.71 Max: 9999.99
Current: 2.69
0.07
9999.99
F-Score: 4
WACC vs ROIC
10.97%
4.99%
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 (%) 26.74
MCBC's Operating margin (%) is ranked lower than
60% of the 1421 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 30.31 vs. MCBC: 26.74 )
Ranked among companies with meaningful Operating margin (%) only.
MCBC' s 10-Year Operating margin (%) Range
Min: -150.78  Med: 22.88 Max: 40.54
Current: 26.74
-150.78
40.54
Net-margin (%) 18.65
MCBC's Net-margin (%) is ranked lower than
62% of the 1421 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.02 vs. MCBC: 18.65 )
Ranked among companies with meaningful Net-margin (%) only.
MCBC' s 10-Year Net-margin (%) Range
Min: -91.98  Med: 17.30 Max: 56.25
Current: 18.65
-91.98
56.25
ROE (%) 7.80
MCBC's ROE (%) is ranked lower than
55% of the 1423 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.48 vs. MCBC: 7.80 )
Ranked among companies with meaningful ROE (%) only.
MCBC' s 10-Year ROE (%) Range
Min: -56.08  Med: 8.42 Max: 31.56
Current: 7.8
-56.08
31.56
ROA (%) 0.71
MCBC's ROA (%) is ranked lower than
61% of the 1432 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.87 vs. MCBC: 0.71 )
Ranked among companies with meaningful ROA (%) only.
MCBC' s 10-Year ROA (%) Range
Min: -3.2  Med: 0.74 Max: 2.31
Current: 0.71
-3.2
2.31
Revenue Growth (3Y)(%) -14.20
MCBC's Revenue Growth (3Y)(%) is ranked lower than
90% of the 1210 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 10-Year Revenue Growth (3Y)(%) Range
Min: 0  Med: -5.30 Max: 17.6
Current: -14.2
0
17.6
EBITDA Growth (3Y)(%) 11.50
MCBC's EBITDA Growth (3Y)(%) is ranked higher than
62% of the 1066 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.60 vs. MCBC: 11.50 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
MCBC' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0  Med: 13.80 Max: 71
Current: 11.5
0
71
EPS Growth (3Y)(%) 6.00
MCBC's EPS Growth (3Y)(%) is ranked lower than
62% of the 1065 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.70 vs. MCBC: 6.00 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
MCBC' s 10-Year EPS Growth (3Y)(%) Range
Min: -33.3  Med: 15.40 Max: 82.7
Current: 6
-33.3
82.7
» MCBC's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2014

MCBC Guru Trades in Q3 2014

Jim Simons 133,182 sh (+13.82%)
» More
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
» 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) 15.97
MCBC's P/E(ttm) is ranked lower than
67% of the 1300 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.20 vs. MCBC: 15.97 )
Ranked among companies with meaningful P/E(ttm) only.
MCBC' s 10-Year P/E(ttm) Range
Min: 2.17  Med: 16.50 Max: 42.72
Current: 15.97
2.17
42.72
Forward P/E 7.08
MCBC's Forward P/E is ranked higher than
86% of the 718 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.82 vs. MCBC: 7.08 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 16.50
MCBC's PE(NRI) is ranked lower than
68% of the 1288 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.20 vs. MCBC: 16.50 )
Ranked among companies with meaningful PE(NRI) only.
MCBC' s 10-Year PE(NRI) Range
Min: 2.18  Med: 16.47 Max: 43.5
Current: 16.5
2.18
43.5
P/B 1.19
MCBC's P/B is ranked lower than
63% of the 1381 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.05 vs. MCBC: 1.19 )
Ranked among companies with meaningful P/B only.
MCBC' s 10-Year P/B Range
Min: 0.25  Med: 1.27 Max: 2.97
Current: 1.19
0.25
2.97
P/S 2.86
MCBC's P/S is ranked lower than
54% of the 1426 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.88 vs. MCBC: 2.86 )
Ranked among companies with meaningful P/S only.
MCBC' s 10-Year P/S Range
Min: 0.28  Med: 2.26 Max: 12.27
Current: 2.86
0.28
12.27
PFCF 25.40
MCBC's PFCF is ranked lower than
84% of the 858 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.85 vs. MCBC: 25.40 )
Ranked among companies with meaningful PFCF only.
MCBC' s 10-Year PFCF Range
Min: 0.71  Med: 7.73 Max: 135.24
Current: 25.4
0.71
135.24
POCF 22.08
MCBC's POCF is ranked lower than
87% of the 954 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.17 vs. MCBC: 22.08 )
Ranked among companies with meaningful POCF only.
MCBC' s 10-Year POCF Range
Min: 0.7  Med: 6.98 Max: 82.11
Current: 22.08
0.7
82.11
EV-to-EBIT 16.37
MCBC's EV-to-EBIT is ranked lower than
63% of the 1297 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.56 vs. MCBC: 16.37 )
Ranked among companies with meaningful EV-to-EBIT only.
MCBC' s 10-Year EV-to-EBIT Range
Min: -19.6  Med: 18.50 Max: 101.8
Current: 16.37
-19.6
101.8
Days Sales Outstanding 22.21
MCBC's Days Sales Outstanding is ranked higher than
75% of the 793 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 34.20 vs. MCBC: 22.21 )
Ranked among companies with meaningful Days Sales Outstanding only.
MCBC' s 10-Year Days Sales Outstanding Range
Min: 19.73  Med: 37.34 Max: 165.37
Current: 22.21
19.73
165.37

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.96
MCBC's Dividend Yield is ranked lower than
69% of the 2262 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.73 vs. MCBC: 1.96 )
Ranked among companies with meaningful Dividend Yield only.
MCBC' s 10-Year Dividend Yield Range
Min: 0.37  Med: 1.85 Max: 14.86
Current: 1.96
0.37
14.86
Dividend Payout 0.27
MCBC's Dividend Payout is ranked higher than
62% of the 1321 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.33 vs. MCBC: 0.27 )
Ranked among companies with meaningful Dividend Payout only.
MCBC' s 10-Year Dividend Payout Range
Min: 0.21  Med: 0.30 Max: 1
Current: 0.27
0.21
1
Yield on cost (5-Year) 1.96
MCBC's Yield on cost (5-Year) is ranked lower than
72% of the 2265 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.15 vs. MCBC: 1.96 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
MCBC' s 10-Year Yield on cost (5-Year) Range
Min: 0.37  Med: 1.85 Max: 14.86
Current: 1.96
0.37
14.86
Share Buyback Rate -14.10
MCBC's Share Buyback Rate is ranked lower than
82% of the 1012 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.90 vs. MCBC: -14.10 )
Ranked among companies with meaningful Share Buyback Rate only.
MCBC' s 10-Year Share Buyback Rate Range
Min: 0.5  Med: -12.10 Max: -31.7
Current: -14.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.17
MCBC's Price/Tangible Book is ranked lower than
55% of the 1349 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.15 vs. MCBC: 1.17 )
Ranked among companies with meaningful Price/Tangible Book only.
MCBC' s 10-Year Price/Tangible Book Range
Min: 0.5  Med: 1.36 Max: 3.26
Current: 1.17
0.5
3.26
Price/Projected FCF 0.63
MCBC's Price/Projected FCF is ranked higher than
51% of the 806 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.67 vs. MCBC: 0.63 )
Ranked among companies with meaningful Price/Projected FCF only.
MCBC' s 10-Year Price/Projected FCF Range
Min: 0.13  Med: 0.51 Max: 2.52
Current: 0.63
0.13
2.52
Price/Median PS Value 1.28
MCBC's Price/Median PS Value is ranked lower than
80% of the 1310 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.05 vs. MCBC: 1.28 )
Ranked among companies with meaningful Price/Median PS Value only.
MCBC' s 10-Year Price/Median PS Value Range
Min: 0.14  Med: 1.27 Max: 4.77
Current: 1.28
0.14
4.77
Price/Graham Number 0.90
MCBC's Price/Graham Number is ranked lower than
62% of the 1192 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.82 vs. MCBC: 0.90 )
Ranked among companies with meaningful Price/Graham Number only.
MCBC' s 10-Year Price/Graham Number Range
Min: 0.24  Med: 1.15 Max: 1.76
Current: 0.9
0.24
1.76
Earnings Yield (Greenblatt) (%) 6.08
MCBC's Earnings Yield (Greenblatt) (%) is ranked lower than
57% of the 1422 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.80 vs. MCBC: 6.08 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MCBC' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 1  Med: 4.25 Max: 11.6
Current: 6.08
1
11.6
Forward Rate of Return (Yacktman) (%) 3.74
MCBC's Forward Rate of Return (Yacktman) (%) is ranked lower than
71% of the 785 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.29 vs. MCBC: 3.74 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
MCBC' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -2.1  Med: 18.80 Max: 107.8
Current: 3.74
-2.1
107.8

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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