| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 08/30/2023 | 20.48% | Janney Montgomery Scott | → $11 | Initiates Coverage On | → Buy |
| 09/07/2018 | 294.3% | Raymond James | $33 → $36 | Maintains | Strong Buy |
What is the target price for Macatawa Bank (MCBC)?
The latest price target for Macatawa Bank (NASDAQ: MCBC) was reported by Janney Montgomery Scott on August 30, 2023. The analyst firm set a price target for $11.00 expecting MCBC to rise to within 12 months (a possible 20.48% upside). 1 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 Janney Montgomery Scott, and Macatawa Bank initiated their buy rating.
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 August 30, 2023 so you should expect the next rating to be made available sometime around August 30, 2024.
Is the Analyst Rating Macatawa Bank (MCBC) correct?
While ratings are subjective and will change, the latest Macatawa Bank (MCBC) rating was a initiated with a price target of $0.00 to $11.00. The current price Macatawa Bank (MCBC) is trading at is $9.13, which is within the analyst's predicted range.