A Director at Macatawa Bank Corp (MCBC) is Buying Shares


Today, a Director at Macatawa Bank Corp (MCBC), Robert L. Herr, bought shares of MCBC for $1,516.

Following Robert L. Herr’s last MCBC Buy transaction on January 05, 2016, the stock climbed by 4.1%. In addition to Robert L. Herr, one other MCBC executive reported Buy trades in the last month.

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Based on Macatawa Bank Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $22.9 million and quarterly net profit of $7.04 million. In comparison, last year the company earned revenue of $19.47 million and had a net profit of $2.19 million. MCBC’s market cap is $345.2M and the company has a P/E ratio of 13.03. Currently, Macatawa Bank Corp has an average volume of 17.46K.

In the last 30 days, insiders have sold $11.23K worth of MCBC shares and purchased $1,516 worth of MCBC shares. The insider sentiment on Macatawa Bank Corp has been negative according to 24 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Robert L. Herr’s trades have generated a 0.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Macatawa Bank Corp. is a holding company, which engages in the provision of financial services. The company offers a range of commercial, and personal banking services.

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