$0.21 EPS Expected for Macatawa Bank Corporation (MCBC)

Macatawa Bank Corporation (NASDAQ:MCBC) Logo
Investors sentiment increased to 1.85 in 2019 Q1. Its up 0.56, from 1.29 in 2018Q4. It increased, as 6 investors sold Macatawa Bank Corporation shares while 14 reduced holdings. 12 funds opened positions while 25 raised stakes. 9.98 million shares or 1.61% more from 9.82 million shares in 2018Q4 were reported.
Manufacturers Life Insur The stated it has 11,232 shares or 0% of all its holdings. Lsv Asset has 0% invested in Macatawa Bank Corporation (NASDAQ:MCBC). Goldman Sachs Grp Inc holds 0% or 61,301 shares in its portfolio. Citigroup holds 0% or 6,426 shares in its portfolio. Charles Schwab Invest Management Inc has invested 0% in Macatawa Bank Corporation (NASDAQ:MCBC). Meeder Asset Inc has invested 0% in Macatawa Bank Corporation (NASDAQ:MCBC). New York State Common Retirement Fund holds 0% or 24,100 shares. State Street invested in 540,615 shares or 0% of the stock. 16,594 were accumulated by Amer Intl Group Inc. Elizabeth Park Cap Advisors holds 4.68% of its portfolio in Macatawa Bank Corporation (NASDAQ:MCBC) for 1.18 million shares. Bank Of Montreal Can stated it has 296 shares. Wells Fargo And Company Mn has invested 0% in Macatawa Bank Corporation (NASDAQ:MCBC). Rhumbline Advisers accumulated 37,260 shares. Advisory Alpha Ltd Llc holds 0% of its portfolio in Macatawa Bank Corporation (NASDAQ:MCBC) for 2,177 shares. Grantham Mayo Van Otterloo & Communications Llc owns 0.01% invested in Macatawa Bank Corporation (NASDAQ:MCBC) for 87,300 shares.

Since February 5, 2019, it had 2 insider buys, and 3 insider sales for $61,440 activity. 2,818 shares valued at $28,427 were sold by Walcott Jill A on Monday, February 11. Herr Robert L bought $1,517 worth of Macatawa Bank Corporation (NASDAQ:MCBC) on Friday, February 8.

Analysts expect Macatawa Bank Corporation (NASDAQ:MCBC) to report $0.21 EPS on July, 25.They anticipate $0.01 EPS change or 5.00 % from last quarter’s $0.2 EPS. MCBC’s profit would be $7.15 million giving it 12.06 P/E if the $0.21 EPS is correct. After having $0.22 EPS previously, Macatawa Bank Corporation’s analysts see -4.55 % EPS growth. It closed at $10.13 lastly. It is up 4.73% since July 12, 2018 and is downtrending. It has underperformed by 9.16% the S&P500.

Macatawa Bank Corporation operates as the bank holding firm for Macatawa Bank that provides commercial and personal banking services primarily in Western Michigan. The company has market cap of $344.86 million. The companyÂ’s deposit products include checking accounts, savings accounts and time deposits, transaction accounts, regular and money market savings accounts, and certificates of deposit. It has a 12.2 P/E ratio. The Company’s loan products portfolio comprises commercial and industrial loans offered to finance activities and equipment; commercial real estate loans primarily comprising construction and development loans, and multi-family and other non-residential real estate loans; retail loans that primarily consist of residential mortgage loans; and consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes.

More notable recent Macatawa Bank Corporation (NASDAQ:MCBC) news were published by: Seekingalpha.com which released: “Stocks To Watch: Tech Earnings Bellwethers Set To Test Rally – Seeking Alpha” on October 20, 2018, also Seekingalpha.com with their article: “Macatawa Bank Now More Than A Recovery Play – Seeking Alpha” published on April 04, 2018, Seekingalpha.com published: “MCBC Holdings, Inc. (MCFT) CEO Terry McNew on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” on September 06, 2018. More interesting news about Macatawa Bank Corporation (NASDAQ:MCBC) were released by: Globenewswire.com and their article: “MCBC Holdings Announces Appointment of Jaclyn Baumgarten to its Board of Directors – GlobeNewswire” published on October 26, 2018 as well as Finance.Yahoo.com‘s news article titled: “Hedge Funds Have Never Been This Bullish On Exantas Capital Corp. (XAN) – Yahoo Finance” with publication date: June 11, 2019.

Macatawa Bank Corporation (NASDAQ:MCBC) Institutional Positions Chart

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