Keefe, Bruyette & Woods Upgrades Macatawa Bank (MCBC)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2024
0mins
Should l Buy ?
Source: NASDAQ.COM
- Keefe, Bruyette & Woods Upgrade: On April 29, 2024, they upgraded Macatawa Bank's outlook from Market Perform to Outperform.
- Analyst Price Forecast: Predicts an 11.66% downside for Macatawa Bank based on a one-year price target of 12.58.
- Fund Sentiment: 233 funds or institutions hold positions in Macatawa Bank, with a bearish outlook indicated by a put/call ratio of 3.44.
- Other Shareholders: Alliancebernstein, Vanguard Total Stock Market Index Fund, Renaissance Technologies, IWM, and Geode Capital Management are major shareholders in Macatawa Bank.
- Macatawa Bank Background: Provides information about the bank's services, locations, and recognition as one of 'West Michigan's 101 Best and Brightest Companies to Work For.'
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
