Macatawa Bank Corp (NASDAQ:MCBC) Institutional Investor Sentiment Analysis

June 19, 2018 - By Maria Brooks

Macatawa Bank Corporation (NASDAQ:MCBC) Logo

Sentiment for Macatawa Bank Corp (NASDAQ:MCBC)

Macatawa Bank Corp (NASDAQ:MCBC) institutional sentiment decreased to 1.12 in 2018 Q1. Its down -0.03, from 1.15 in 2017Q4. The ratio fall, as 28 investment professionals started new or increased holdings, while 25 decreased and sold equity positions in Macatawa Bank Corp. The investment professionals in our partner’s database now possess: 9.46 million shares, up from 9.14 million shares in 2017Q4. Also, the number of investment professionals holding Macatawa Bank Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 19 Increased: 19 New Position: 9.

Macatawa Bank Corporation operates as the bank holding firm for Macatawa Bank that provides commercial and personal banking services primarily in Western Michigan. The company has market cap of $423.18 million. The companyÂ’s deposit products include checking accounts, savings accounts and time deposits, transaction accounts, regular and money market savings accounts, and certificates of deposit. It has a 24.02 P/E ratio. The Company’s loan products portfolio comprises commercial and industrial loans offered to finance activities and equipment; commercial real estate loans primarily comprising construction and development loans, and multi-family and other non-residential real estate loans; retail loans that primarily consist of residential mortgage loans; and consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes.

The stock increased 0.57% or $0.07 during the last trading session, reaching $12.44. About 26,543 shares traded. Macatawa Bank Corporation (NASDAQ:MCBC) has risen 28.03% since June 19, 2017 and is uptrending. It has outperformed by 15.46% the S&P500.

Elizabeth Park Capital Advisors Ltd. holds 2.69% of its portfolio in Macatawa Bank Corporation for 917,176 shares. Banc Funds Co Llc owns 610,110 shares or 0.32% of their US portfolio. Moreover, Clenar Muke Llc has 0.11% invested in the company for 19,760 shares. The Michigan-based Aspen Investment Management Inc has invested 0.07% in the stock. Chicago Equity Partners Llc, a Illinois-based fund reported 52,905 shares.

Since January 1, 0001, it had 1 insider purchase, and 0 sales for $22,859 activity.

Macatawa Bank Corporation (NASDAQ:MCBC) Ratings Coverage

Ratings analysis reveals 0 of Macatawa Bank Corp’s analysts are positive. Out of 2 Wall Street analysts rating Macatawa Bank Corp, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $11.0 while the high is $11.0. The stock’s average target of $11 is -11.58% below today’s ($12.44) share price. MCBC was included in 2 notes of analysts from December 21, 2017. Keefe Bruyette & Woods maintained it with “Hold” rating and $11.0 target in Thursday, December 21 report. The rating was maintained by Hovde Group with “Hold” on Monday, January 29.

Macatawa Bank Corporation (NASDAQ:MCBC) Institutional Positions Chart

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