Macatawa Bank Statistics
Total Valuation
Macatawa Bank has a market cap or net worth of $496.53 million. The enterprise value is $159.07 million.
| Market Cap | 496.53M |
| Enterprise Value | 159.07M |
Important Dates
The last earnings date was Thursday, April 25, 2024, after market close.
| Earnings Date | Apr 25, 2024 |
| Ex-Dividend Date | May 10, 2024 |
Share Statistics
Macatawa Bank has 34.36 million shares outstanding. The number of shares has increased by 0.18% in one year.
| Shares Outstanding | 34.36M |
| Shares Change (YoY) | +0.18% |
| Shares Change (QoQ) | +0.20% |
| Owned by Insiders (%) | 24.19% |
| Owned by Institutions (%) | 43.58% |
| Float | 26.44M |
Valuation Ratios
The trailing PE ratio is 12.07 and the forward PE ratio is 11.76. Macatawa Bank's PEG ratio is 4.62.
| PE Ratio | 12.07 |
| Forward PE | 11.76 |
| PS Ratio | 4.80 |
| Forward PS | 4.56 |
| PB Ratio | 1.70 |
| P/FCF Ratio | 12.33 |
| PEG Ratio | 4.62 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 3.09, with an EV/FCF ratio of 3.94.
| EV / Earnings | 3.88 |
| EV / Sales | 1.54 |
| EV / EBITDA | 3.09 |
| EV / EBIT | 3.12 |
| EV / FCF | 3.94 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 0.07 |
| Debt / EBITDA | 0.39 |
| Debt / FCF | 0.50 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 14.70% and return on invested capital (ROIC) is 13.10%.
| Return on Equity (ROE) | 14.70% |
| Return on Assets (ROA) | 1.50% |
| Return on Capital (ROIC) | 13.10% |
| Revenue Per Employee | $360,909 |
| Profits Per Employee | $142,902 |
| Employee Count | 287 |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Macatawa Bank has paid $9.90 million in taxes.
| Income Tax | 9.90M |
| Effective Tax Rate | 19.44% |
Stock Price Statistics
The stock price has increased by +63.99% in the last 52 weeks. The beta is 0.52, so Macatawa Bank's price volatility has been lower than the market average.
| Beta (1Y) | 0.52 |
| 52-Week Price Change | +63.99% |
| 50-Day Moving Average | 11.85 |
| 200-Day Moving Average | 10.33 |
| Relative Strength Index (RSI) | 75.68 |
| Average Volume (30 Days) | 155,829 |
Short Selling Information
The latest short interest is 144,169, so 0.42% of the outstanding shares have been sold short.
| Short Interest | 144,169 |
| Short Previous Month | 85,766 |
| Short % of Shares Out | 0.42% |
| Short % of Float | 0.55% |
| Short Ratio (days to cover) | 0.50 |
Income Statement
In the last 12 months, Macatawa Bank had revenue of $103.58 million and earned $41.01 million in profits. Earnings per share was $1.20.
| Revenue | 103.58M |
| Gross Profit | 103.58M |
| Operating Income | 50.91M |
| Pretax Income | 50.91M |
| Net Income | 41.01M |
| EBITDA | 51.54M |
| EBIT | 50.91M |
| Earnings Per Share (EPS) | $1.20 |
Balance Sheet
The company has $358.48 million in cash and $20.00 million in debt, giving a net cash position of $338.48 million or $9.85 per share.
| Cash & Cash Equivalents | 358.48M |
| Total Debt | 20.00M |
| Net Cash | 338.48M |
| Net Cash Per Share | $9.85 |
| Equity / Book Value | 292.97M |
| Book Value Per Share | 8.53 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $41.19 million and capital expenditures -$846,000, giving a free cash flow of $40.34 million.
| Operating Cash Flow | 41.19M |
| Capital Expenditures | -846,000 |
| Free Cash Flow | 40.34M |
| FCF Per Share | $1.17 |
Margins
Gross margin is 100.00%, with operating and profit margins of 49.15% and 39.60%.
| Gross Margin | 100.00% |
| Operating Margin | 49.15% |
| Pretax Margin | 49.15% |
| Profit Margin | 39.60% |
| EBITDA Margin | 49.76% |
| EBIT Margin | 49.15% |
| FCF Margin | 38.95% |
Dividends & Yields
This stock pays an annual dividend of $0.36, which amounts to a dividend yield of 2.49%.
| Dividend Per Share | $0.36 |
| Dividend Yield | 2.49% |
| Dividend Growth (YoY) | 9.38% |
| Years of Dividend Growth | 1 |
| Payout Ratio | 30.00% |
| Buyback Yield | -0.18% |
| Shareholder Yield | 2.30% |
| Earnings Yield | 8.24% |
| FCF Yield | 8.11% |
Analyst Forecast
The average price target for Macatawa Bank is $13.00, which is -10.03% lower than the current price. The consensus rating is "Strong Buy".
| Price Target | $13.00 |
| Price Target Difference | -10.03% |
| Analyst Consensus | Strong Buy |
| Analyst Count | 2 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock Splits
The last stock split was on May 9, 2007. It was a forward split with a ratio of 105:100.
| Last Split Date | May 9, 2007 |
| Split Type | Forward |
| Split Ratio | 105:100 |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 5 |