Macatawa Bank Corporation (MCBC)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Macatawa Bank Corporation (MCBC) trades at $14.82 with AI Score 56/100 (Grade B). Macatawa Bank Corporation (MCBC) is a regional bank holding company based in Holland, Michigan, providing a range of commercial and consumer banking services. Market cap: $509.24M, Sector: Financial services.
Price live · AI analysis from May 10, 2026Analyst Coverage for MCBC: MCBC does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates MCBC against Financial Services peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
MCBC: 2/4 perspectives are bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →Macatawa Bank Corporation (MCBC) Financial Services Profile
Macatawa Bank Corporation stands out in the regional banking sector by offering a diverse range of commercial and consumer banking services, supported by a strong profit margin and a commitment to community engagement.
What Is the Investment Thesis for MCBC?
Macatawa Bank Corporation presents a solid investment thesis, driven by a market capitalization of $509.24M and a P/E ratio of 11.8, indicating potential value relative to earnings. The bank's profit margin of 32.7% reflects operational efficiency and strong demand for its services. Growth catalysts include the expansion of its loan portfolio, particularly in commercial real estate and consumer lending, which are expected to contribute to revenue growth in the coming years. Additionally, the bank's ongoing commitment to enhancing customer experience and expanding its service offerings positions it well in a competitive landscape. However, potential risks include sensitivity to interest rate fluctuations and economic downturns that could impact loan demand and credit quality.
Based on FMP financials and quantitative analysis
MCBC Key Highlights
- Market capitalization of $509.24M indicates substantial regional presence.
- P/E ratio of 11.8 suggests potential for value appreciation.
- Profit margin of 32.7% demonstrates strong operational efficiency.
- Dividend yield of 2.36% offers attractive income potential for investors.
- Beta of 0.53 indicates lower volatility compared to the broader market.
Who Are MCBC's Competitors?
MCBC is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| FMBH First Mid Bancshares, Inc. | $48.66 | +0.42% | $1.30B | 74 |
| BHLB Berkshire Hills Bancorp, Inc. | $26.13 | -0.65% | $1.21B | 56 |
| CIT CIT Group Inc. | $53.50 | +4.21% | 52 | |
| PBCT People's United Financial, Inc. | $19.41 | +0.00% | 48 | |
| MCHB Mechanics Bank | $16.24 | +0.50% | $3.58B | 71 |
| STLE Steele Bancorp Inc. | $43.05 | -0.67% | $80.01M | 69 |
| NASB NASB Financial, Inc. | $40.30 | +0.00% | $289.22M | 68 |
| ASBA Associated Banc-Corp | $24.53 | +0.25% | $4.05B | 67 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are MCBC's Key Strengths?
- Strong profit margins and operational efficiency.
- Established community presence with a loyal customer base.
- Diverse product offerings catering to various customer segments.
What Are MCBC's Weaknesses?
- Limited geographic reach compared to larger national banks.
- Potential vulnerability to local economic downturns.
- Dependence on interest income, making it sensitive to rate changes.
What Could Drive MCBC Stock Higher?
- Expansion of digital banking services to enhance customer experience.
- Continued growth in commercial and consumer loan portfolios driving revenue.
- Strengthening community engagement initiatives to boost brand loyalty.
What Are the Key Risks for MCBC?
- Financial-distress signal — its Altman Z-Score of 0.11 sits in the distress zone (elevated bankruptcy risk).
- Sensitivity to interest rate changes impacting profit margins.
- Economic downturns affecting loan demand and credit quality.
- Increased regulatory scrutiny impacting operational flexibility.
What Are the Growth Opportunities for MCBC?
- Growth opportunity 1: The commercial real estate loan sector is projected to grow significantly, with an estimated market size of $4 trillion by 2027. Macatawa Bank Corporation's strategic focus on expanding its commercial lending portfolio positions it to capture a larger share of this growing market, leveraging its local expertise and customer relationships.
- Growth opportunity 2: The consumer lending market, particularly for home equity lines of credit and personal loans, is expected to see increased demand as homeowners seek to leverage their equity. With a strong product offering and a commitment to customer service, Macatawa Bank can enhance its market penetration in this segment, targeting a projected market growth rate of 5% annually over the next five years.
- Growth opportunity 3: The bank's investment and retirement plan services are poised for growth as more individuals seek financial planning assistance. With an increasing awareness of the importance of retirement savings, Macatawa Bank can expand its advisory services, tapping into a market that is expected to grow by 6% annually through 2028.
- Growth opportunity 4: Macatawa Bank's commitment to digital banking solutions aligns with the broader industry trend towards online and mobile banking. By investing in technology and enhancing its digital offerings, the bank can attract tech-savvy customers and improve operational efficiency, capitalizing on a market that is expected to grow at a CAGR of 10% over the next five years.
- Growth opportunity 5: Expansion into underserved markets within Michigan presents a significant growth opportunity for Macatawa Bank. By establishing new branches or enhancing service delivery in these regions, the bank can tap into a growing customer base, leveraging its established brand reputation to drive growth in deposits and loans.
What Opportunities Does MCBC Have?
- Expansion into underserved markets within Michigan.
- Growth in the commercial real estate lending sector.
- Increasing demand for digital banking solutions.
What Threats Does MCBC Face?
- Intense competition from larger regional and national banks.
- Economic fluctuations impacting loan demand and credit quality.
- Regulatory changes affecting banking operations and profitability.
What Are MCBC's Competitive Advantages?
- Strong community presence and customer loyalty built over decades.
- Diverse range of banking services tailored to local needs.
- Established reputation for reliability and customer service excellence.
What Does MCBC Do?
Macatawa Bank Corporation, founded in 1997 and headquartered in Holland, Michigan, is the bank holding company for Macatawa Bank. It has grown to become a significant player in the regional banking sector, operating 26 full-service branches across Kent, Ottawa, and northern Allegan counties. The bank provides a comprehensive suite of commercial and consumer banking services, including various deposit accounts such as checking, savings, and certificates of deposit. Additionally, Macatawa Bank offers an array of loan products, including commercial and industrial loans, commercial real estate loans, residential mortgages, and consumer loans like automobile loans and home equity lines of credit. The bank also provides trust and brokerage services, cash management, fraud protection, and investment and retirement plan services. Serving a diverse clientele that includes individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government entities, Macatawa Bank emphasizes community involvement and customer service. Over the years, the bank has established a reputation for reliability and customer satisfaction, positioning itself as a trusted financial partner in the communities it serves.
What Products and Services Does MCBC Offer?
- Provide a variety of commercial and consumer banking services.
- Offer deposit accounts, including checking, savings, and certificates of deposit.
- Extend loans for commercial, industrial, and real estate purposes.
- Facilitate residential mortgage and consumer loans.
- Deliver trust and brokerage services to individuals and businesses.
- Implement cash management and fraud protection services.
How Does MCBC Make Money?
- Generate revenue through interest income from loans and mortgages.
- Earn fees from deposit account services and transaction processing.
- Provide advisory and management services, generating additional fee income.
- Capitalize on investment services and retirement planning fees.
What Industry Does MCBC Operate In?
The regional banking industry is characterized by a competitive landscape with numerous players vying for market share. As of 2026, the sector is experiencing moderate growth, driven by increasing consumer demand for banking services and a recovering economy. The trend towards digital banking and enhanced customer service is reshaping the competitive dynamics, with banks leveraging technology to improve service delivery. Macatawa Bank Corporation's focus on community engagement and comprehensive service offerings positions it favorably within this evolving market.
Who Are MCBC's Key Customers?
- Individuals seeking personal banking and loan services.
- Small to medium-sized businesses requiring commercial banking solutions.
- Nonprofit organizations and associations needing financial services.
- Government authorities looking for banking partnerships.
ROE 16%Key Financial Metrics
Return on equity for Macatawa Bank Corporation stands at 16.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.6%, showing how much profit it generates from its asset base. MCBC trades at a trailing price-to-earnings ratio of 11.78, below the Financial Services sector average of ~18x. Its free cash flow yield is 8.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.35 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 8.5%, the inverse of the P/E and a quick read on earnings relative to price.
Macatawa Bank Corporation (MCBC) Valuation Context
Valued at $509.24M, MCBC is classified as a small-cap stock. Relative to its peer group, MCBC's quantitative score of 56/100 is roughly in line with the peer average of 60/100.
Company Profile
Macatawa Bank Corporation operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Holland, US. The company is led by CEO Craig A. Hankinson. MCBC has traded publicly since 1998.
F-Score 7/9Financial Health
Macatawa Bank Corporation's Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.11 places it in the distress zone, a signal of elevated financial risk.
MCBC Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in Macatawa's future performance, indicating executives believe in strong growth ahead.
- Community sentiment has shifted positively as discussions around regional banking recovery gain traction, boosting optimism.
- Analysts note improving loan growth and deposit stability, which are fundamental indicators of a healthy banking operation.
- The bank's focus on customer service and community involvement resonates well with local investors, enhancing brand loyalty.
Bear Case
- Concerns over potential economic headwinds, such as rising interest rates, could pressure margins and profitability in the banking sector.
- Social sentiment reflects apprehension about regulatory changes affecting regional banks, leading to uncertainty among investors.
- Recent discussions highlight competition from larger banks, which may limit Macatawa's growth potential in attracting new clients.
- Some investors express skepticism about the bank's ability to scale operations effectively in a challenging economic environment.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
MCBC Latest News
No recent news available for MCBC.
MCBC Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for MCBC.
Price Targets
Wall Street price target analysis for MCBC.
MCBC MoonshotScore
What does this score mean?
The MoonshotScore rates MCBC's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Craig A. Hankinson
CEO
Craig A. Hankinson has over 20 years of experience in the banking industry, having held various leadership roles in regional banks. He holds a degree in Finance from a reputable university and has a proven track record in driving growth and operational efficiency within financial institutions.
Track Record: Under Hankinson's leadership, Macatawa Bank has expanded its service offerings and improved profitability metrics, achieving a profit margin of 32.7%. His strategic decisions have positioned the bank for sustained growth in a competitive market.
Macatawa Bank Corporation Financial Services Stock: Key Questions Answered
What does Macatawa Bank Corporation do?
Macatawa Bank Corporation operates as a bank holding company, providing a wide range of commercial and consumer banking services. Its offerings include various deposit accounts, loans for personal and business needs, trust and brokerage services, and cash management solutions. The bank serves a diverse clientele, including individuals, businesses, and nonprofit organizations, primarily in Michigan.
What do analysts say about MCBC stock?
Analysts generally view Macatawa Bank Corporation's stock as a stable investment within the regional banking sector. Key valuation metrics, such as a P/E ratio of 11.8 and a profit margin of 32.7%, suggest that the stock is reasonably valued relative to its earnings. Growth considerations include the bank's ongoing expansion of loan products and services, which could enhance profitability.
What are the main risks for MCBC?
Macatawa Bank Corporation faces several risks, including sensitivity to interest rate fluctuations that could impact its profit margins. Additionally, economic downturns pose a threat to loan demand and credit quality, potentially affecting the bank's financial stability. Regulatory changes may also introduce challenges that could impact operational flexibility and profitability.
What are the key factors to evaluate for MCBC?
Macatawa Bank Corporation (MCBC) holds an AI score of 56/100 (moderate). P/E: 11.8x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does MCBC data refresh on this page?
MCBC prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven MCBC's recent stock price performance?
Macatawa Bank Corporation (MCBC) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong profit margins and operational efficiency. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider MCBC overvalued or undervalued right now?
Macatawa Bank Corporation (MCBC) trades at 11.8x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying MCBC?
Before investing in Macatawa Bank Corporation (MCBC), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Data is based on the most recent financial reports and market analysis available as of May 2026.