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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/29/2024 | $12.00 → $15.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 12/20/2023 | $11.00 → $12.50 | Market Perform → Outperform | Hovde Group |
| 8/30/2023 | $11.00 | Buy | Janney |
15-12G - MACATAWA BANK CORP (0001053584) (Filer)
S-8 POS - MACATAWA BANK CORP (0001053584) (Filer)
8-K - MACATAWA BANK CORP (0001053584) (Filer)
HOLLAND, Mich., July 31, 2024 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC), the holding company for Macatawa Bank (collectively, the "Company"), today announced that at the Special Meeting of Shareholders (the "Special Meeting") held earlier today, Macatawa shareholders overwhelmingly voted to approve the acquisition of Macatawa by Wintrust Financial Corporation ("Wintrust") (NASDAQ:WTFC). "We are very pleased with the confidence our shareholders have expressed in this transaction, as 95 percent of shares voted were in favor of this transaction," said Richard L. Postma, Chairman of the Board of Macatawa. "The reaction we have received from our customers, our community and o
HOLLAND, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share on its common stock to be paid on May 30, 2024 to shareholders of record on May 13, 2024. Macatawa has continued to produce favorable results. This dividend reflects the strong financial condition and earnings performance of the Company. About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., Macatawa Bank offers a full range of banking, retail and commerci
HOLLAND, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC), the holding company for Macatawa Bank (collectively, the "Company"), today announced its results for the first quarter 2024. Net income of $9.8 million in first quarter 2024 – a decrease from $12.0 million earned in first quarter 2023 and an increase from $9.5 million earned in fourth quarter 2023Net interest margin of 3.26% in first quarter 2024 versus 3.44% in first quarter 2023 and 3.28% in fourth quarter 2023Continued loan portfolio growth – $3.8 million, or 1.1% annualized growth rate, for first quarter 2024, and $121.3 million, or 9.9%, in the last 12 monthsDeposit portfolio balances decrease
Keefe Bruyette upgraded Macatawa Bank Corporation from Mkt Perform to Outperform and set a new price target of $15.00 from $12.00 previously
Hovde Group upgraded Macatawa Bank Corporation from Market Perform to Outperform and set a new price target of $12.50 from $11.00 previously
Janney initiated coverage of Macatawa Bank Corporation with a rating of Buy and set a new price target of $11.00
4 - MACATAWA BANK CORP (0001053584) (Issuer)
4 - MACATAWA BANK CORP (0001053584) (Issuer)
4 - MACATAWA BANK CORP (0001053584) (Issuer)