MACATAWA BANK CORP (MCBC) Forecast, Price Target & Analyst Ratings

NASDAQ:MCBC • US5542251021

Current stock price

14.82 USD
-0.13 (-0.87%)
At close:
14.78 USD
-0.04 (-0.27%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for MACATAWA BANK CORP (MCBC).

Forecast Snapshot

Consensus Price Target

Price Target
$15.30
+ 3.24% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Oct 24, 2024
Period
Q2 / 2024
EPS Estimate
$0.30
Revenue Estimate
26.619M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
85.00%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$15.30
Upside
+ 3.24%
From current price of $14.82 to mean target of $15.30, Based on 8 analyst forecasts
Low
$15.15
Median
$15.30
High
$15.75

Price Target Revisions

1 Month
0.00%
3 Months
21.62%

Price Target Summary

8 Wall Street analysts provided a forecast for the next 12 months for MCBC. The average price target is 15.3 USD. This implies a price increase of 3.24% is expected in the next year compared to the current price of 14.82.
The average price target has been revised upward by 21.62% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

MCBC Current Analyst RatingMCBC Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 0 0 0 0 0

Analyst Ratings History

MCBC Historical Analyst RatingsMCBC Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8

Analyst Ratings Consensus

ChartMill Buy Consensus
85.00%
MCBC was analyzed by 8 analysts. The buy percentage consensus is at 85. So analysts seem to be very confident about MCBC.
In the previous month the buy percentage consensus was at a similar level.
MCBC was analyzed by 8 analysts. More opinions would make the average more meaningful.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2024-04-29Keefe, Bruyette & WoodsUpgrade Market Perform -> Outperform
2023-08-30Janney Montgomery ScottInitiate Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
Oct 24, 2024
Period
Q2 / 2024
EPS Estimate
$0.30
Revenue Estimate
26.619M
Revenue Q2Q
3.34%
EPS Q2Q
-1.06%
Number of Analysts
4

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
-2.40%
EPS (1 Month)
0.00%
EPS (3 Months)
-4.69%

Next Earnings Summary

MCBC is expected to report earnings on 10/24/2024. The consensus EPS estimate for the next earnings is 0.3 USD and the consensus revenue estimate is 26.62M USD.
The next earnings revenue estimate has been revised downward by 2.4% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2021 2022 2023 2024 2025
Revenue
YoY % growth
MCBC revenue by date.MCBC revenue by date.
79.77M
-6.72%		90.17M
13.04%		105.888M
17.43%		107.09M
1.14%		110.41M
3.10%
EBITDA
YoY % growth
MCBC ebitda by date.MCBC ebitda by date.
N/AN/AN/AN/AN/A
EBIT
YoY % growth
MCBC ebit by date.MCBC ebit by date.
N/A
-8.78%		N/A
7.76%		N/A
47.50%		53.625M
-4.53%		55.042M
2.64%
Operating Margin
MCBC operating margin by date.MCBC operating margin by date.
N/AN/AN/A50.07%49.85%
EPS
YoY % growth
MCBC eps by date.MCBC eps by date.
0.85
-3.41%		1.01
18.82%		1.29
27.72%		1.21
-6.18%		1.25
3.24%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q2 / 24 Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25
EPS
Q2Q % growth		0.30
-1.06%		0.30
-7.74%		0.33
5.40%		0.30
4.46%		0.31
4.81%		0.33
7.54%		0.34
3.96%
Revenue
Q2Q % growth		26.619M
3.34%		27.235M
1.40%		27.889M
6.75%		27.283M
7.47%		27.53M
3.42%		28.418M
4.34%		28.865M
3.50%
EBITDA
Q2Q % growth		N/AN/AN/AN/AN/AN/AN/A
EBIT
Q2Q % growth		13.218M
-9.98%		13.746M
-1.36%		13.924M
1.11%		13.439M
4.68%		13.737M
3.93%		14.712M
7.03%		15.252M
9.54%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

MCBC Yearly Revenue VS EstimatesMCBC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
MCBC Yearly EPS VS EstimatesMCBC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
N/A
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
N/A
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
N/A
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

MACATAWA BANK CORP / MCBC Forecast FAQ

Can you provide the average price target for MACATAWA BANK CORP stock?

8 analysts have analysed MCBC and the average price target is 15.3 USD. This implies a price increase of 3.24% is expected in the next year compared to the current price of 14.82.

What is the next earnings date for MCBC stock?

MACATAWA BANK CORP (MCBC) will report earnings on 2024-10-24, after the market close.

What are the consensus estimates for MCBC stock next earnings?

The consensus EPS estimate for the next earnings of MACATAWA BANK CORP (MCBC) is 0.3 USD and the consensus revenue estimate is 26.62M USD.