Keefe, Bruyette & Woods Upgrades Macatawa Bank (MCBC)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2024
0mins
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.'
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.
