Macatawa Bank Corporation

NASDAQ MCBC

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Macatawa Bank Corporation Price to Sales Ratio (P/S) on June 03, 2024: 3.89

Macatawa Bank Corporation Price to Sales Ratio (P/S) is 3.89 on June 03, 2024, a 8.45% change year over year. The price to sales ratio compares the market price per share of a company's stock to its sales revenue per share. It is calculated by dividing the market capitalization by the revenue, divided by the number of outstanding shares. This ratio provides insights into the market's valuation of a company's sales revenue. A higher ratio suggests that investors are willing to pay a higher price for each unit of sales revenue, indicating positive market sentiment and expectations for future revenue growth.

Macatawa Bank Corporation 52-week high Price to Sales Ratio (P/S) is 19.30 on February 15, 2024, which is 395.81% above the current Price to Sales Ratio (P/S).
Macatawa Bank Corporation 52-week low Price to Sales Ratio (P/S) is 2.74 on April 10, 2024, which is -29.69% below the current Price to Sales Ratio (P/S).
Macatawa Bank Corporation average Price to Sales Ratio (P/S) for the last 52 weeks is 3.87.

NASDAQ: MCBC

Macatawa Bank Corporation

CEO	Mr. Ronald L. Haan
IPO Date	May 20, 1998
Location	United States
Headquarters	10753 Macatawa Drive, Holland, MI, United States, 49424
Employees	287
Sector	Financial Services
Industry	Banks - regional

Description

Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that engages in the provision of commercial and consumer banking and trust services. The company accepts various deposits, such as checking accounts, savings accounts, time deposits, regular and money market savings accounts, certificates of deposit, and demand deposits. Its loan products include commercial and industrial loans comprising loans to finance operations and equipment; commercial real estate loans, which consist of construction and development, multi-family, and other non-residential real estate loans; and residential mortgage loans, as well as consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. The company also offers ATM and debit card processing, cash management, and brokerage services. In addition, it provides asset management, personal trust, and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. The company was incorporated in 1997 and is based in Holland, Michigan.

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