Macatawa Bank Corporation (MCBC)
NASDAQ: MCBC · IEX Real-Time Price · USD
14.41
-0.07 (-0.48%)
May 20, 2024, 10:25 AM EDT - Market open
Macatawa Bank Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Macatawa Bank stock have an average target of 13, with a low estimate of 11 and a high estimate of 15. The average target predicts a decrease of -9.78% from the current stock price of 14.41.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Macatawa Bank stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 |
| Total | 1 | 1 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold → Buy Upgrades $12 → $15 | Hold → Buy | Upgrades | $12 → $15 | +4.09% | Apr 29, 2024 |
| Janney Montgomery Scott | Janney Montgomery Scott | Strong Buy Initiates $11 | Strong Buy | Initiates | $11 | -23.66% | Aug 30, 2023 |
| Raymond James | Raymond James | Strong Buy Maintains n/a | Strong Buy | Maintains | n/a | n/a | Sep 7, 2018 |
Financial Forecast
Revenue This Year
109.88M
from 105.34M
Increased by 4.31%
Revenue Next Year
114.09M
from 109.88M
Increased by 3.83%
EPS This Year
1.26
from 1.26
Increased by 0.00%
EPS Next Year
1.31
from 1.26
Increased by 3.80%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 114.6M | 119.5M |
| Avg | 109.9M | 114.1M |
| Low | 104.2M | 107.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 8.8% | 8.7% |
| Avg | 4.3% | 3.8% |
| Low | -1.1% | -2.0% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 1.32 | 1.37 |
| Avg | 1.26 | 1.31 |
| Low | 1.17 | 1.22 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 5.0% | 8.3% |
| Avg | 0.0% | 3.8% |
| Low | -7.0% | -3.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.