Macatawa Bank (MCBC) Given News Sentiment Rating of 0.09
Media stories about Macatawa Bank (NASDAQ:MCBC) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Macatawa Bank earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.100204982677 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Macatawa Bank (NASDAQ:MCBC) opened at $10.10 on Tuesday. Macatawa Bank has a 1 year low of $8.87 and a 1 year high of $10.67. The stock has a market capitalization of $341.11, a P/E ratio of 18.96 and a beta of 1.12. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93.
Macatawa Bank (NASDAQ:MCBC) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14. Macatawa Bank had a return on equity of 10.84% and a net margin of 24.64%. The business had revenue of $17.44 million for the quarter.
Separately, BidaskClub lowered Macatawa Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.
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Macatawa Bank Company Profile
Macatawa Bank Corporation is a bank holding company. The Company, through its subsidiary, Macatawa Bank (the Bank), offers a range of commercial and personal banking services, including checking, savings and certificates of deposit accounts, cash management, safe deposit boxes, trust services and commercial, mortgage and consumer loans.
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