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

Macatawa Bank

22/07/2021 22:01

* Macatawa Bank Corp  MCBC.OQ  reported quarterly adjusted
earnings of 23 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 23 cents per share.
* Revenue fell 16.9% to $17.36 million from a year ago; 
analysts expected $21.14 million. 
* The mean earnings estimate of analysts had risen by about 4.5%
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 fallen by 4.6% this quarter and
lost 0.2% so far this year.
* The company reported quarterly net income of $7.82 million.
* Wall Street's median 12-month price target for Macatawa Bank
Corp is $10.00 
* 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 July 22 at 09:01 p.m.  ​All
figures in US dollars unless otherwise stated