Macatawa Bank Stock Piotroski F Score

MCBC Stock  USD 9.70  0.27  2.86%   
This module uses fundamental data of Macatawa Bank to approximate its Piotroski F score. Macatawa Bank F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Macatawa Bank. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Macatawa Bank financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Macatawa Bank Altman Z Score, Macatawa Bank Correlation, Macatawa Bank Valuation, as well as analyze Macatawa Bank Alpha and Beta and Macatawa Bank Hype Analysis.
For information on how to trade Macatawa Stock refer to our How to Trade Macatawa Stock guide.
  
At present, Macatawa Bank's Cash Flow To Debt Ratio is projected to increase slightly based on the last few years of reporting. At present, Macatawa Bank's Price To Sales Ratio is projected to slightly grow based on the last few years of reporting. The current year's Price Book Value Ratio is expected to grow to 1.68, whereas Short Term Coverage Ratios is forecasted to decline to 1.36.
At this time, it appears that Macatawa Bank's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
Current Return On Assets

Positive

Focus
Change in Return on Assets

Increased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Decreasing

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

Macatawa Bank Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Macatawa Bank is to make sure Macatawa is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Macatawa Bank's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Macatawa Bank's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.03920.0481
Significantly Down
Very volatile
Gross Profit Margin0.150.16
Notably Down
Slightly volatile
Total Current Liabilities1.5 B1.3 B
Moderately Up
Slightly volatile
Non Current Liabilities Total1.2 B1.2 B
Sufficiently Up
Slightly volatile
Total Assets1.9 B2.6 B
Way Down
Slightly volatile
Total Current Assets514 M483.3 M
Notably Up
Slightly volatile

Macatawa Bank F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Macatawa Bank's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Macatawa Bank in a much-optimized way.

About Macatawa Bank Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Price Book Value Ratio

1.68

At present, Macatawa Bank's Price Book Value Ratio is projected to increase slightly based on the last few years of reporting.

About Macatawa Bank Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Macatawa Bank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Macatawa Bank using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Macatawa Bank based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that provides commercial and consumer banking and trust services. Macatawa Bank Corporation was incorporated in 1997 and is based in Holland, Michigan. Macatawa Bank operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 279 people.

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When determining whether Macatawa Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Macatawa Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Macatawa Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Macatawa Bank Stock:
Check out Macatawa Bank Altman Z Score, Macatawa Bank Correlation, Macatawa Bank Valuation, as well as analyze Macatawa Bank Alpha and Beta and Macatawa Bank Hype Analysis.
For information on how to trade Macatawa Stock refer to our How to Trade Macatawa Stock guide.
Note that the Macatawa Bank information on this page should be used as a complementary analysis to other Macatawa Bank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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Is Macatawa Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Macatawa Bank. If investors know Macatawa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Macatawa Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.21)
Dividend Share
0.33
Revenue Per Share
3.071
Quarterly Revenue Growth
(0.07)
Return On Assets
0.0153
The market value of Macatawa Bank is measured differently than its book value, which is the value of Macatawa that is recorded on the company's balance sheet. Investors also form their own opinion of Macatawa Bank's value that differs from its market value or its book value, called intrinsic value, which is Macatawa Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Macatawa Bank's market value can be influenced by many factors that don't directly affect Macatawa Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Macatawa Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Macatawa Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macatawa Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.