The SVP of Macatawa Bank Corp (NASDAQ: MCBC) is Buying Shares

Today, the SVP of Macatawa Bank Corp (NASDAQ: MCBC), Matthew Hoeksema, bought shares of MCBC for $22.86K.

Following Matthew Hoeksema’s last MCBC Buy transaction on August 09, 2017, the stock climbed by 1.8%. Following this transaction Matthew Hoeksema’s holding in the company was increased by 2.27% to a total of $1.04 million.

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Based on Macatawa Bank Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $20.15 million and quarterly net profit of $5.76 million. In comparison, last year the company earned revenue of $18.23 million and had a net profit of $4.46 million. MCBC’s market cap is $375.9M and the company has a P/E ratio of 21.67. Currently, Macatawa Bank Corp has an average volume of 14.46K.

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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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