Alert: Positive Investment/Fundamental Signals (12/15/23)-Macatawa Bank Corp (NASDAQ: MCBC)


Extremely significant positive changes in Macatawa Bank Corp (NASDAQ: MCBC) investment behavior have recently occurred: positive upside/downside volume developed, its longer term price trend turned up, and the stock rose on very heavy volume.

Significant positive changes in Macatawa Bank Corp (NASDAQ: MCBC) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

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 is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Macatawa Bank has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Macatawa Bank has a neutral Appreciation Score of 53 and a slightly positive Power Rating of 66, and the High Neutral Value Trend Rating results.

Recent Price Action

On 12/15/23, Macatawa Bank Corp (NASDAQ: MCBC) stock enjoyed a very large increase of 5.1%, closing at $11.44. Moreover, trading volume in this advance was exceptionally high at 958% of normal. Relative to the market the stock has been strong over the last nine months and has risen 10.2% during the last week.

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