Macatawa Bank (NASDAQ: MCBC) is one of 200 public companies in the “Commercial Banks” industry, but how does it weigh in compared to its competitors? We will compare Macatawa Bank to related businesses based on the strength of its valuation, institutional ownership, analyst recommendations, profitability, dividends, risk and earnings.

Risk and Volatility

Macatawa Bank has a beta of 1.12, indicating that its stock price is 12% more volatile than the S&P 500. Comparatively, Macatawa Bank’s competitors have a beta of 0.75, indicating that their average stock price is 25% less volatile than the S&P 500.

Valuation & Earnings

This table compares Macatawa Bank and its competitors top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Macatawa Bank $71.57 million $15.95 million 18.76
Macatawa Bank Competitors $342.32 million $72.57 million 21.93

Macatawa Bank’s competitors have higher revenue and earnings than Macatawa Bank. Macatawa Bank is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Dividends

Macatawa Bank pays an annual dividend of $0.20 per share and has a dividend yield of 2.0%. Macatawa Bank pays out 37.7% of its earnings in the form of a dividend. As a group, “Commercial Banks” companies pay a dividend yield of 1.8% and pay out 35.4% of their earnings in the form of a dividend.

Insider and Institutional Ownership

28.7% of Macatawa Bank shares are held by institutional investors. Comparatively, 47.1% of shares of all “Commercial Banks” companies are held by institutional investors. 8.7% of Macatawa Bank shares are held by insiders. Comparatively, 11.8% of shares of all “Commercial Banks” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Analyst Recommendations

This is a summary of recent ratings for Macatawa Bank and its competitors, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Macatawa Bank 0 1 0 0 2.00
Macatawa Bank Competitors 371 2907 2346 68 2.37

Macatawa Bank currently has a consensus price target of $10.00, indicating a potential upside of 0.60%. As a group, “Commercial Banks” companies have a potential upside of 4.29%. Given Macatawa Bank’s competitors stronger consensus rating and higher possible upside, analysts plainly believe Macatawa Bank has less favorable growth aspects than its competitors.

Profitability

This table compares Macatawa Bank and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Macatawa Bank 24.64% 10.84% 1.03%
Macatawa Bank Competitors 20.40% 8.66% 0.92%

Summary

Macatawa Bank competitors beat Macatawa Bank on 10 of the 15 factors compared.

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. The Bank is a Michigan chartered bank with depository accounts insured by the Federal Deposit Insurance Corporation. Its other services include automated teller machines (ATMs), Internet banking, telephone banking and debit cards. The Bank provides various brokerage services, including discount brokerage through Infinex, personal financial planning and consultation regarding mutual funds. As of December 31, 2016, the Bank operated 26 full service branch offices providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan.

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