Macatawa Bank Corp expected to post earnings of 24cents a share - Earnings Preview

Macatawa Bank

24/10/2022 12:19

* Macatawa Bank Corp  MCBC.OQ   MCBC.O  is expected to show
a rise
in quarterly revenue when it reports  results on October 26
(estimated). 
    * The Holland Michigan-based  company is expected to report 
a
11.2% increase in revenue to $22.178 million from $19.94 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 24 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 $10.25​, above​ its last closing price of $9.79. ​​​

This summary was machine generated October 24 at 11:19 GMT.  All
figures in US dollars  unless otherwise stated