Alert: Positive Investment/Fundamental Signals (11/17/23)-Macatawa Bank Corp (NASDAQ: MCBC)


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

Important positive changes in Macatawa Bank Corp (NASDAQ: MCBC) investment behavior have recently occurred: 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

MCBC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company 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 56 and a neutral Power Rating of 47, triggering the Neutral Value Trend Rating.

Recent Price Action

Macatawa Bank Corp (NASDAQ: MCBC) stock closed at $9.95 on 11/17/23 after an increase of 1.4%. The stock has risen 6.1% during the last week and has performed in line with the market over the last nine months.

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