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

Macatawa Bank

22/04/2021 22:19

* Macatawa Bank Corp  MCBC.OQ  reported quarterly adjusted
earnings of 23 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was
for earnings of 27 cents per share.
* Revenue rose 3.8% to $21.03 million from a year ago​; 
analysts expected $23.24 million.
* Macatawa Bank Corp's reported EPS for the quarter was 23
cents​.
* The mean earnings estimate of analysts had risen by
about 32.5% in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates and  
* Macatawa Bank Corp shares had fallen by 1.4% this quarter and
gained 17.2% so far this year.
* The company reported quarterly net income of $7.78 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 April 22 at 09:19 p.m. GMT.
​All figures in US Dollars.​