Macatawa Bank Corp reports results for the quarter ended in December - Earnings Summary

Macatawa Bank

28/01/2022 01:15

* Macatawa Bank Corp  MCBC.OQ  reported quarterly adjusted
earnings of 18 cents​​ per share for the quarter ended in
December. The mean expectation of two analysts for the quarter
was for earnings of 19 cents per share.
    * Revenue fell 23% to $18.17 million from a year ago; 
analysts
expected $19.33 million. 
    * Macatawa Bank Corp's reported EPS for the quarter was 18
cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Macatawa Bank Corp shares had risen by 4.3% this quarter.
    * The company reported quarterly net income of $6.22
million.
    * Wall Street's median 12-month price target for Macatawa
Bank
Corp is $8.75 
    * 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." 

This summary was machine generated January 28 at 01:15 a.m.
 ​All figures in US dollars unless otherwise stated