Keefe Bruyette upgraded Macatawa Bank Corporation from Mkt Perform to Outperform and set a new price target of $15.00 from $12.00 previously
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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 |
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
HOLLAND, Mich., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Macatawa Bank Corp. and Macatawa Bank today announced Ronald L. Haan will retire Nov. 1 after more than 18 years of leadership and service at Macatawa. The board has appointed Jon Swets as president and CEO and Bryan Barker as chief financial officer effective at that time. Swets, who joined Macatawa Bank in 2002 to serve as senior vice president and chief financial officer, brings more than two decades of banking and leadership experience with Macatawa Bank to the position. Barker, an experienced CPA who joined Macatawa Bank in 2010 as senior accounting and reporting manager, will move into Swets's former role. Haan, appointed president
4 - MACATAWA BANK CORP (0001053584) (Issuer)
4 - MACATAWA BANK CORP (0001053584) (Issuer)
4 - MACATAWA BANK CORP (0001053584) (Issuer)
15-12G - MACATAWA BANK CORP (0001053584) (Filer)
S-8 POS - MACATAWA BANK CORP (0001053584) (Filer)
8-K - MACATAWA BANK CORP (0001053584) (Filer)
SC 13G - MACATAWA BANK CORP (0001053584) (Subject)
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., Jan. 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 February 28, 2024 to shareholders of record on February 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 a
HOLLAND, Mich., Oct. 26, 2023 (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 November 29, 2023 to shareholders of record on November 14, 2023. This quarter's dividend payment represents a 12% increase from the previous quarterly dividend rate of $0.08 per share. "We are pleased to provide an increase in the amount of the dividend payment to our shareholders," said Jon Swets, incoming President and CEO of the Company. "Both the continued growth in Company earnings performance and our strong capital position make t
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