Company Macatawa Bank Corporation

MCBC

US5542251021

Banks

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Holdings

Company contact information

Sector

Ratings for Macatawa Bank Corporation

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-01 pm EDT			5-day change	1st Jan Change
14.21 ^USD	+1.50%		-0.63%	+25.98%

Apr. 30	North American Morning Briefing : More Earnings -2-	DJ
Apr. 29	Keefe Bruyette & Woods Upgrades Macatawa Bank to Outperform From Market Perform, Adjusts PT to $15 From $12	MT

Macatawa Bank Corporation is a bank holding company of its subsidiary, Macatawa Bank (the Bank). The Bank offers a range of banking, retail and commercial lending, wealth management and e-commerce services to individuals, businesses and governmental entities. It operates a network of approximately 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. It offers loan products to business customers, including commercial and industrial and commercial real estate loans, construction and development loans, and multi-family and other non-residential real estate loans. It also offers loans products to retail customers, such as residential mortgage and consumer loans. It offers a range of deposit services, including checking accounts, savings accounts and time deposits of various types. It also offers trust services, which includes personal trust and retirement plan services.

Number of employees: 314

USD in Million	2022	Weight	2023	Weight	Delta
Commercial Banking 100.0 %	90	100.0 %	106	100.0 %	+17.44%

USD in Million	2022	Weight	2023	Weight	Delta
United States 100.0 %	90	100.0 %	106	100.0 %	+17.44%

Managers	Title	Age	Since
Jon W. Swets CEO	Chief Executive Officer	59	02-06-30
Bryan Barker DFI	Director of Finance/CFO	54	Oct. 31
Jeff A. Tatreau CTO	Chief Tech/Sci/R&D Officer	-	-
Craig A. Hankinson COO	Chief Operating Officer	56	10-10-31
Ronald L. Haan BRD	Director/Board Member	70	09-02-08
Justin Van Beek PRN	Corporate Officer/Principal	-	-
Leslie D. Leegwater HRO	Human Resources Officer	-	-
Jason Birchmeier PRN	Corporate Officer/Principal	-	-
Susan Vogel-Vanderson PRN	Corporate Officer/Principal	-	-
Jill A. Walcott PRN	Corporate Officer/Principal	57	01-12-31

Members of the board	Title	Age	Since
Jon W. Swets CEO	Chief Executive Officer	59	02-06-30
Ronald L. Haan BRD	Director/Board Member	70	09-02-08
Richard L. Postma CHM	Chairman	73	08-12-31
Thomas P. Rosenbach BRD	Director/Board Member	67	10-10-24
Birgit Maria Klohs BRD	Director/Board Member	72	10-09-15
Douglas B. Padnos BRD	Director/Board Member	69	09-08-11
Charles A. Geenen BRD	Director/Board Member	65	10-09-15
Robert Lynn Herr BRD	Director/Board Member	78	10-10-24
Michael K. Le Roy BRD	Director/Board Member	56	15-11-30
Nichole S. Dandridge BRD	Director/Board Member	49	20-11-18

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	34,361,562	26,533,428 ( 77.22 %)	0	77.22 %

Name	Equities	%	Valuation
White Bay Capital LLLP 15.48 %	5,319,788	15.48 %	52 M $
AllianceBernstein LP 5.933 %	2,038,609	5.933 %	20 M $
BlackRock Advisors LLC 4.905 %	1,685,276	4.905 %	16 M $
Vanguard Fiduciary Trust Co. 4.702 %	1,615,788	4.702 %	16 M $
Dimensional Fund Advisors LP 4.540 %	1,559,969	4.540 %	15 M $
Richard L. Postma 4.539 %	1,559,639	4.539 %	15 M $
Renaissance Technologies LLC 2.637 %	905,959	2.637 %	9 M $
Geode Capital Management LLC 1.634 %	561,379	1.634 %	5 M $
STATE STREET CORPORATION 1.626 %	558,796	1.626 %	5 M $
Elizabeth Park Capital Advisors Ltd. 1.453 %	499,302	1.453 %	5 M $

Name	Equities	%	Valuation
PFIZER, INC. 0.01%	402,726	0.01%	11,175,647 $
MORNINGSTAR, INC. 0.06%	25,064	0.06%	7,728,986 $
APPLE INC. 0.00%	44,548	0.00%	7,639,091 $
WELLS FARGO & COMPANY 0.00%	88,731	0.00%	5,142,849 $
ELI LILLY AND COMPANY 0.00%	6,133	0.00%	4,771,229 $
ADOBE INC. 0.00%	9,168	0.00%	4,626,173 $
MONSTER BEVERAGE CORPORATION 0.01%	66,528	0.01%	3,943,780 $
MASTERCARD, INC. 0.00%	8,160	0.00%	3,929,611 $
AUTODESK, INC. 0.01%	14,577	0.01%	3,796,142 $
INTUITIVE SURGICAL, INC. 0.00%	9,351	0.00%	3,731,891 $

Macatawa Bank Corp.

10753 Macatawa Drive

49424, Holland

http://www.macatawabank.com

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

14.21 USD

Average target price

15 USD

Spread / Average Target

+5.56%

Consensus

Estimates Revisions

Company calendar

Financials

Banking & Investment Services

Banking Services

Other Banks

	1st Jan change	Capi.
MACATAWA BANK CORPORATION	+25.98%	481M
JPMORGAN CHASE & CO.	+12.79%	551B
BANK OF AMERICA CORPORATION	+9.71%	291B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	+10.99%	249B
WELLS FARGO & COMPANY	+20.93%	208B
BANK OF CHINA LIMITED	+17.11%	171B
CHINA CONSTRUCTION BANK CORPORATION	+9.89%	166B
HSBC HOLDINGS PLC	+9.76%	162B
HDFC BANK LIMITED	-11.07%	138B
ROYAL BANK OF CANADA	-0.02%	137B

Other Banks