Macatawa Bank traded at $9.70 this Tuesday April 9th. Looking back, over the last four weeks, Macatawa Bank lost 1.82 percent. Over the last 12 months, its price rose by 0.73 percent. Looking ahead, we forecast Macatawa Bank to be priced at 9.49 by the end of this quarter and at 8.90 in one year, according to Trading Economics global macro models projections and analysts expectations.
Macatawa Bank Corporation is the bank holding company of its subsidiary, Macatawa Bank (Bank). The Bank offers a range of banking, retail and commercial lending, wealth management and e-commerce services to individuals, businesses, and government entities. The Bank operates approximately 26 full-service branch offices providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan. The Bank offers loan products to business customers, which includes commercial and industrial loans, commercial real estate loans, construction and development loans, multi-family and other non-residential real estate loans. It also offers loan products to retail customers, which includes residential mortgage loans and consumer loans. In addition, the Company also provides trust services, including personal trust and retirement plan services.