Macatawa Bank Corp expected to post earnings of 17  cents a share - Earnings Preview

Macatawa Bank

18/07/2022 12:05

* Macatawa Bank Corp  MCBC.OQ   MCBC.O  is expected to show
a fall
in quarterly revenue when it reports  results on July 20
(estimated). 
    * The Holland Michigan-based  company is expected to report 
a
6.6% decrease in revenue to $19.265 million from $20.63 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Macatawa Bank Corp
is for
earnings of 17 cents per share. For the same quarter last year,
the company reported earnings of 23 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Macatawa
Bank
Corp is $9.5​, above​ its last closing price of $8.93. ​​​

This summary was machine generated July 18 at 11:05 GMT.  All
figures in US dollars  unless otherwise stated