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

Macatawa Bank

28/04/2022 23:37

* Macatawa Bank Corp  MCBC.OQ  reported quarterly adjusted
earnings of 18 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was
for earnings of 16 cents per share.
    * Revenue fell 22.8% to $16.23 million from a year ago; 
analysts
expected $18.08 million. 
    * Macatawa Bank Corp's reported EPS for the quarter was 18
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.3%
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 3.3% this
quarter and
lost 1.2% so far this year.
    * The company reported quarterly net income of $6 million.
    * Wall Street's median 12-month price target for Macatawa
Bank
Corp is $9.25 
    * 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 28 at 10:37 p.m.  ​All
figures in US dollars unless otherwise stated