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

Macatawa Bank

28/10/2021 22:27

* Macatawa Bank Corp  MCBC.OQ  reported quarterly adjusted
earnings of 21 cents​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of 22 cents per share.
* Revenue fell 10.9% to $18.51 million from a year ago; 
analysts expected $20.78 million. 
* The mean earnings estimate of analysts had fallen by
about 2.3% 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 risen by 3.6% this quarter and
lost 0.6% so far this year.
* The company reported quarterly net income of $7.2 million.
* Wall Street's median 12-month price target for Macatawa Bank
Corp is $9.00 
* 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 October 28 at 09:26 p.m.
 ​All figures in US dollars unless otherwise stated