Macatawa Story

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MCBC -- USA Stock  

USD 8.89  0.31  3.37%

Macatawa Bank Net Income Per Employee is projected to increase significantly based on the last few years of reporting. The past year's Net Income Per Employee was at 79,068.6. The current year Earnings Before Interest Taxes and Depreciation Amortization EBITDA is expected to grow to about 51.7 M, whereas Revenue Per Employee is forecasted to decline to about 207.4 K. The essential aim of this article is to break down our current position on Macatawa for investors considering to short it. We will analyze why Macatawa Bank investors may still consider a stake in the business.
Published over a month ago
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Are Macatawa (NASDAQ:MCBC) investors starting to hold back?
About 24.0% of Macatawa Bank outstanding shares are owned by corporate insiders. Insiders ownership of Macatawa Bank refers to the amount of Macatawa Bank equity owned by Macatawa officers, directors, relatives of the leadership team, or anyone who has access to private information before it's made available to the public. Check out our latest analysis of Macatawa, including its current ownership diagnostics.
There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as Macatawa Bank Corp. Regardless of method or technology, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Predictive Modules for Macatawa Bank

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Macatawa Bank's stock price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Macatawa Bank in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Macatawa Bank. Your research has to be compared to or analyzed against Macatawa Bank's peers to derive any actionable benefits. When done correctly, Macatawa Bank's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Macatawa Bank Corp.

How important is Macatawa Bank's Liquidity

Macatawa Bank financial leverage refers to using borrowed capital as a funding source to finance Macatawa Bank Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Macatawa Bank financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Macatawa Bank's total debt and its cash.

How Macatawa utilizes its cash?

To perform a cash flow analysis of Macatawa Bank, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Macatawa Bank is receiving and how much cash it distributes out in a given period. The Macatawa Bank cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Macatawa Bank Net Cash Flow from Operations is projected to increase significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 30.57 Million

Payment of 1724 shares by Craig Hankinson of Macatawa Bank subject to Rule 16b-3

Legal trades by Macatawa Bank insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Macatawa insider trading alert for payment of common stock by Craig Hankinson, Chief Operating Officer, on 2nd of December 2020. This event was filed by Macatawa Bank Corp with SEC on 2020-12-02. Statement of changes in beneficial ownership - SEC Form 4. Craig Hankinson currently serves as chief credit officer, sr. vp, chief credit officer of macatawa bank and sr. vp of macatawa bank of Macatawa Bank [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Detailed Perspective On Macatawa Bank

The current rise in Macatawa Bank short term price appreciation may encourage investors to take a closer look at the firm as it is trading at a share price of 9.05 on very low momentum in trading volume. The company management teams have successfully maneuvered the firm at convenient times to take advantage of all market conditions in December. The stock standard deviation of daily returns for 30 days investing horizon is currently 2.59. The current volatility is consistent with the ongoing market swings in December 2020 as well as with Macatawa Bank unsystematic, company-specific events.

Returns Breakdown

Return on Assets0.0198
Return on Equity0.19
Return Capital0.0261
Return on Sales0.58

Momentum Analysis of Macatawa Bank suggests possible reversal in February

Current treynor ratio indicator falls down to -3.93. Possible price jump? As of the 17th of January 2021, Macatawa Bank secures the Mean Deviation of 1.93, risk adjusted performance of 0.1597, and Downside Deviation of 2.14. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Macatawa Bank, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Macatawa Bank, which can be compared to its peers in the industry. Please verify Macatawa Bank information ratio, value at risk, and the relationship between the standard deviation and treynor ratio to decide if Macatawa Bank is priced some-what accurately, providing market reflects its recent price of 9.05 per share. Given that Macatawa Bank has jensen alpha of 0.395, we recommend you to check Macatawa Bank's last-minute market performance to make sure the company can sustain itself at a future point.

Our Takeaway on Macatawa Bank Investment

Whereas other entities under the banks?regional industry are still a bit expensive, Macatawa Bank may offer a potential longer-term growth to investors. The bottom line, as of the 17th of January 2021, our research shows that Macatawa Bank is a rather somewhat reliable investment opportunity with a below average probability of distress in the next two years. From a slightly different view, the entity currently appears to be overvalued. Our concluding 30 days buy-sell recommendation on the company is Sell.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Macatawa Bank Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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