Macatawa Bank Corp (MCBC) Files 10-K for the Fiscal Year Ended on December 31, 2017

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Macatawa Bank Corp (MCBC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Macatawa Bank Corp is a holding company of Macatawa Bank. It offers commercial and personal banking services, brokerage services, online banking and lending funds to individual customers and corporates through its subsidiary, Macatawa Bank. Macatawa Bank Corp has a market cap of $341.090 million; its shares were traded at around $10.04 with a P/E ratio of 21.38 and P/S ratio of 5.00. The dividend yield of Macatawa Bank Corp stocks is 2.00%. Macatawa Bank Corp had annual average EBITDA growth of 7.50% over the past five years.


For the last quarter Macatawa Bank Corp reported a revenue of $17.9 million, compared with the revenue of $17.15 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $69.4 million, an increase of 4.1% from last year. For the last five years Macatawa Bank Corp had an average revenue growth rate of 2.9% a year.

The reported diluted earnings per share was 48 cents for the year, an increase of 2.1% from previous year. The Macatawa Bank Corp enjoyed an operating margin of 38.96%, compared with the operating margin of 33.3% a year before. The 10-year historical median operating margin of Macatawa Bank Corp is 20.26%. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Macatawa Bank Corp has the cash and cash equivalents of $34.9 million, compared with $27.7 million in the previous year. The long term debt was $133.4 million, compared with $125.4 million in the previous year. The interest coverage to the debt is 4.7. Macatawa Bank Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $10.04, Macatawa Bank Corp is traded at 119.7% premium to its historical median P/S valuation band of $4.57. The P/S ratio of the stock is 5.00, while the historical median P/S ratio is 2.26. The stock gained 2.09% during the past 12 months.

For the complete 20-year historical financial data of MCBC, click here.

This article first appeared on GuruFocus.


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