Macatawa Bank (Macatawa Bank) Price-to-Tangible-Book

: 1.66 (As of Today)

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As of today (2024-04-19), Macatawa Bank's share price is $13.87. Macatawa Bank's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $8.36. Hence, Macatawa Bank's Price to Tangible Book Ratio of today is 1.66.

The historical rank and industry rank for Macatawa Bank's Price-to-Tangible-Book or its related term are showing as below:

MCBC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.19 Med: 1.44 Max: 2.18
Current: 1.66

During the past 13 years, Macatawa Bank's highest Price to Tangible Book Ratio was 2.18. The lowest was 1.19. And the median was 1.44.

MCBC's Price-to-Tangible-Book is ranked worse than
83.71% of 1443 companies
in the Banks industry
Industry Median: 0.91 vs MCBC: 1.66

A closely related ratio is called PB Ratio. As of today, Macatawa Bank's share price is $13.87. Macatawa Bank's Book Value per Sharefor the quarter that ended in Dec. 2023 was $8.36. Hence, Macatawa Bank's P/B Ratio of today is 1.66.

Macatawa Bank Price-to-Tangible-Book Historical Data

The historical data trend for Macatawa Bank's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Macatawa Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.75

1.19

1.53

1.35

Macatawa Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book																1.53	1.35	1.21	1.14	1.35

Competitive Comparison

For the Banks - Regional subindustry, Macatawa Bank's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Macatawa Bank Price-to-Tangible-Book Distribution

For the Banks industry and Financial Services sector, Macatawa Bank's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Macatawa Bank's Price-to-Tangible-Book falls into.

Macatawa Bank Price-to-Tangible-Book Calculation

Macatawa Bank's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	13.87	/	8.355
	=	1.66

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Macatawa Bank Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Macatawa Bank's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Macatawa Bank (Macatawa Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Macatawa Bank Corp (NAS:MCBC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

10753 Macatawa Drive, Holland, MI, USA, 49424

Website

https://www.macatawabank.com

Macatawa Bank Corp is the United states based holding company of Macatawa Bank. The Bank operates in twenty-six branch offices and a lending and operational service facility, providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan. It also provides a range of loan products to business customers, including commercial and industrial and commercial real estate loans, and to retail customers, including residential mortgage and consumer loans. In addition, other services provided by the company includes internet banking, debit cards services and brokerage services. The Company's primary sources of revenue are derived from interest and dividends earned on loans, securities and other financial instruments.

Executives

Thomas P Rosenbach	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Nicole S Dandridge	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Timothy J. Doyle	officer: Chief Commercial Banking Ofcr.	10753 MACATAWA DRIVE, HOLLAND MI 49424
Robert L Herr	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Charles A. Geenen	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Jill A Walcott	officer: Senior V.P. Retail Banking	10753 MACATAWA DRIVE, HOLLAND MI 49424
Matthew D Hoeksema	officer: Senior Vice President	10753 MACATAWA DRIVE, HOLLAND MI 49424
Mark Bugge	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Le Roy Michael K.	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Ronald L Haan	director, officer: CEO and President	10753 MACATAWA DRIVE, HOLLAND MI 49424
Richard L Postma	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
White Bay Capital, Lllp	10 percent owner	3133 ORCHARD VISTA DRIVE, GRAND RAPIDS MI 49546
Wayne J. Elhart	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Arend D Lubbers	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Douglas B Padnos	director	10753 MACATAWA DRIVE, HOLLAND MI 49424