Alert: Positive Investment/Fundamental Signals (11/6/23)-Macatawa Bank Corp (NASDAQ: MCBC)


Significant positive changes in Macatawa Bank Corp (NASDAQ: MCBC) fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.

Macatawa Bank Corp (NASDAQ: MCBC). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, MCBC is expected to continue to be an important Value Builder.

Macatawa Bank has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Macatawa Bank has a neutral Appreciation Score of 57 and a neutral Power Rating of 42, with the Neutral Value Trend Rating the result.

Recent Price Action

Macatawa Bank Corp (NASDAQ: MCBC) stock declined by -1.0% on 11/6/23. The shares closed at $9.58. The stock has performed in line with the market over the last nine months and has risen 8.7% during the last week.

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