Macatawa Bank Stock Buy Hold or Sell Recommendation
| MCBC Stock | USD 14.30 0.02 0.14% |
Given the investment horizon of 90 days and your typical level of risk aversion, our recommendation regarding Macatawa Bank is 'Strong Hold'. Macroaxis provides Macatawa Bank buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding MCBC positions. The advice algorithm takes into account all of Macatawa Bank's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Macatawa Bank's buy or sell advice are summarized below:
Real Value 13.28 | Target Price 11.17 | Hype Value 14.3 | Market Value 14.3 | Naive Value 16.31 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Macatawa Bank given historical horizon and risk tolerance towards Macatawa Bank. When Macroaxis issues a 'buy' or 'sell' recommendation for Macatawa Bank, the advice is generated through an automated system that utilizes algorithms and statistical models.
Macatawa |
Execute Macatawa Bank Buy or Sell Advice
The Macatawa recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Macatawa Bank. Macroaxis does not own or have any residual interests in Macatawa Bank or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Macatawa Bank's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | OK | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Macatawa Bank Trading Alerts and Improvement Suggestions
| Macatawa Bank is way too risky over 90 days horizon | |
| Macatawa Bank appears to be risky and price may revert if volatility continues | |
| About 23.0% of the company outstanding shares are owned by corporate insiders | |
| On 28th of February 2024 Macatawa Bank paid $ 0.09 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Wintrust Financial Corporation Q1 2024 Earnings Call Transcript |
Macatawa Bank Returns Distribution Density
The distribution of Macatawa Bank's historical returns is an attempt to chart the uncertainty of Macatawa Bank's future price movements. The chart of the probability distribution of Macatawa Bank daily returns describes the distribution of returns around its average expected value. We use Macatawa Bank price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Macatawa Bank returns is essential to provide solid investment advice for Macatawa Bank.
| Mean Return | 0.52 | Value At Risk | -2.77 | Potential Upside | 3.55 | Standard Deviation | 5.00 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Macatawa Bank historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Macatawa Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Macatawa Bank is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Macatawa Bank backward and forwards among themselves. Macatawa Bank's institutional investor refers to the entity that pools money to purchase Macatawa Bank's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Goldman Sachs Group Inc | 2023-12-31 | 397.4 K | Acadian Asset Management Llc | 2023-12-31 | 396.3 K | Keeley-teton Advisors, Llc | 2023-12-31 | 313.7 K | Bank Of New York Mellon Corp | 2023-12-31 | 309.7 K | Northern Trust Corp | 2023-12-31 | 296.7 K | American Century Companies Inc | 2023-12-31 | 225.6 K | Los Angeles Capital Management Llc | 2023-12-31 | 119.1 K | Fourthstone Llc | 2023-09-30 | 118.4 K | Raymond James Finl Svs Advisors, Inc. | 2023-12-31 | 117.6 K | Alliancebernstein L.p. | 2023-12-31 | 2 M | Blackrock Inc | 2023-12-31 | 1.8 M |
Macatawa Bank Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 101.2M | 511.3M | 368.1M | (396.6M) | (304.8M) | (289.6M) | |
| Free Cash Flow | 28.7M | 28.3M | 34.9M | 34.0M | 43.1M | 45.2M | |
| Depreciation | 2.2M | 2.6M | 2.7M | 1.6M | 2.1M | 2.8M | |
| Other Non Cash Items | (4.3M) | 17K | 956K | (858K) | (2.6M) | (2.4M) | |
| Capital Expenditures | 1.0M | 2.3M | 993K | 796K | 439K | 417.1K | |
| Net Income | 32.0M | 30.2M | 29.0M | 34.7M | 43.2M | 45.4M | |
| End Period Cash Flow | 272.5M | 783.7M | 1.2B | 755.2M | 450.4M | 234.1M | |
| Dividends Paid | 9.5M | 10.9M | 10.9M | 10.9M | 11.3M | 6.0M | |
| Investments | 25.2M | (61.5M) | 79.3M | (401.7M) | (137.8M) | (144.7M) | |
| Change Receivables | (2.0M) | (7.8M) | 3.6M | (6.1M) | (5.4M) | (5.2M) | |
| Net Borrowings | (20.6M) | 10M | (5.6M) | (55M) | (63.3M) | (60.1M) | |
| Change To Netincome | (3.9M) | 443K | 1.6M | (155K) | (178.3K) | (187.2K) |
Macatawa Bank Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Macatawa Bank or Banks sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Macatawa Bank's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Macatawa stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.49 | |
β | Beta against NYSE Composite | 0.26 | |
σ | Overall volatility | 5.10 | |
Ir | Information ratio | 0.09 |
Macatawa Bank Volatility Alert
Macatawa Bank has relatively low volatility with skewness of 6.43 and kurtosis of 48.18. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Macatawa Bank's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Macatawa Bank's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Macatawa Bank Fundamentals Vs Peers
Comparing Macatawa Bank's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Macatawa Bank's direct or indirect competition across all of the common fundamentals between Macatawa Bank and the related equities. This way, we can detect undervalued stocks with similar characteristics as Macatawa Bank or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Macatawa Bank's fundamental indicators could also be used in its relative valuation, which is a method of valuing Macatawa Bank by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Macatawa Bank to competition |
| Fundamentals | Macatawa Bank | Peer Average |
| Return On Equity | 0.16 | -0.31 |
| Return On Asset | 0.0153 | -0.14 |
| Profit Margin | 0.41 % | (1.27) % |
| Operating Margin | 0.47 % | (5.51) % |
| Current Valuation | 71.13 M | 16.62 B |
| Shares Outstanding | 34.36 M | 571.82 M |
| Shares Owned By Insiders | 22.78 % | 10.09 % |
| Shares Owned By Institutions | 43.20 % | 39.21 % |
| Number Of Shares Shorted | 75.76 K | 4.71 M |
| Price To Earning | 12.08 X | 28.72 X |
| Price To Book | 1.15 X | 9.51 X |
| Price To Sales | 3.13 X | 11.42 X |
| Revenue | 132.25 M | 9.43 B |
| Gross Profit | 91.29 M | 27.38 B |
| EBITDA | 53.75 M | 3.9 B |
| Net Income | 43.22 M | 570.98 M |
| Cash And Equivalents | 764.76 M | 2.7 B |
| Cash Per Share | 22.33 X | 5.01 X |
| Total Debt | 30.8 M | 5.32 B |
| Debt To Equity | 0.27 % | 48.70 % |
| Book Value Per Share | 8.36 X | 1.93 K |
| Cash Flow From Operations | 43.52 M | 971.22 M |
| Short Ratio | 1.24 X | 4.00 X |
| Earnings Per Share | 0.33 X | 3.12 X |
| Price To Earnings To Growth | 4.62 X | 4.89 X |
| Target Price | 12.33 | |
| Number Of Employees | 287 | 18.84 K |
| Beta | 0.66 | -0.15 |
| Market Capitalization | 490.68 M | 19.03 B |
| Total Asset | 2.6 B | 29.47 B |
| Retained Earnings | 89.76 M | 9.33 B |
| Annual Yield | 0.03 % | |
| Five Year Return | 3.05 % |
Note: Discretionary transaction by Bryan Barker of tradable shares of Macatawa Bank subject to Rule 16b-3 [view details]
Macatawa Bank Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Macatawa . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 14.3 | |||
| Day Typical Price | 14.3 | |||
| Price Action Indicator | 0.01 | |||
| Period Momentum Indicator | 0.02 | |||
| Relative Strength Index | 47.57 |
About Macatawa Bank Buy or Sell Advice
When is the right time to buy or sell Macatawa Bank? Buying financial instruments such as Macatawa Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 85M | 30M | 30.8M | 29.3M | Total Assets | 2.9B | 2.9B | 2.6B | 1.9B |
Use Investing Ideas to Build Portfolios
In addition to having Macatawa Bank in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Books Thematic Idea Now
Books
Companies involved in publishing of books, newspapers, periodicals and other mass publications. The Books theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Books Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Macatawa Bank Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Macatawa Stock analysis
When running Macatawa Bank's price analysis, check to measure Macatawa Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Macatawa Bank is operating at the current time. Most of Macatawa Bank's value examination focuses on studying past and present price action to predict the probability of Macatawa Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macatawa Bank's price. Additionally, you may evaluate how the addition of Macatawa Bank to your portfolios can decrease your overall portfolio volatility.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |
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.