$14.24
0[0.00%]
At close: Apr 26
$14.24
0[0.00%]
PreMarket: 4:20PM EDT
Macatawa Bank
(NASDAQ:MCBC)Macatawa Bank Stock (NASDAQ:MCBC), Analyst Ratings, Price Targets, Predictions
Macatawa Bank Corp has a consensus price target of $13, established from looking at the 2 latest analyst ratings. The last 2 analyst ratings were released from Keefe, Bruyette & Woods and Janney Montgomery Scott on April 29, 2024 and August 30, 2023. With an average price target of $13 between Keefe, Bruyette & Woods and Janney Montgomery Scott, there's an implied -8.71% downside for Macatawa Bank Corp from these 2 analyst ratings.
Analyst Firms Making Recommendations1
Keefe, Bruyette & Woods
Janney Montgomery Scott
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Macatawa Bank
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/29/2024 | MCBC | Buy Now | Macatawa Bank | $14.24 | 5.34% | Keefe, Bruyette & Woods | Damon Delmonte | $12 → $15 | Upgrade | Market Perform → Outperform | Get Alert |
| 08/30/2023 | MCBC | Buy Now | Macatawa Bank | $14.24 | -22.75% | Janney Montgomery Scott | Daniel Cardenas | → $11 | Initiates | → Buy | Get Alert |
FAQ
What is the target price for Macatawa Bank (MCBC)?
The latest price target for Macatawa Bank (NASDAQ: MCBC) was reported by Keefe, Bruyette & Woods on April 29, 2024. The analyst firm set a price target for $15.00 expecting MCBC to rise to within 12 months (a possible 5.34% upside). 2 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Macatawa Bank (MCBC)?
The latest analyst rating for Macatawa Bank (NASDAQ: MCBC) was provided by Keefe, Bruyette & Woods, and Macatawa Bank upgraded their outperform rating.
When was the last upgrade for Macatawa Bank (MCBC)?
The last upgrade for Macatawa Bank Corp happened on April 29, 2024 when Keefe, Bruyette & Woods raised their price target to $15. Keefe, Bruyette & Woods previously had a market perform for Macatawa Bank Corp.
When was the last downgrade for Macatawa Bank (MCBC)?
There is no last downgrade for Macatawa Bank.
When is the next analyst rating going to be posted or updated for Macatawa Bank (MCBC)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Macatawa Bank, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Macatawa Bank was filed on April 29, 2024 so you should expect the next rating to be made available sometime around April 29, 2025.
Is the Analyst Rating Macatawa Bank (MCBC) correct?
While ratings are subjective and will change, the latest Macatawa Bank (MCBC) rating was a upgraded with a price target of $12.00 to $15.00. The current price Macatawa Bank (MCBC) is trading at is $14.24, which is within the analyst’s predicted range.
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