Beacon Financial Group Lifted Its Schlumberger LTD (SLB) Position; Shorts at Macatawa Bank (MCBC) Lowered By 2.51%

Macatawa Bank Corporation (NASDAQ:MCBC) Logo

Macatawa Bank Corporation (NASDAQ:MCBC) had a decrease of 2.51% in short interest. MCBC’s SI was 345,700 shares in May as released by FINRA. Its down 2.51% from 354,600 shares previously. With 42,000 avg volume, 8 days are for Macatawa Bank Corporation (NASDAQ:MCBC)’s short sellers to cover MCBC’s short positions. The SI to Macatawa Bank Corporation’s float is 1.32%. The stock decreased 1.26% or $0.14 during the last trading session, reaching $10.99. About 22,794 shares traded. Macatawa Bank Corporation (NASDAQ:MCBC) has risen 5.28% since May 15, 2017 and is uptrending. It has underperformed by 6.27% the S&P500.

Beacon Financial Group increased Schlumberger Ltd (SLB) stake by 80.69% reported in 2017Q4 SEC filing. Beacon Financial Group acquired 14,643 shares as Schlumberger Ltd (SLB)’s stock declined 4.39%. The Beacon Financial Group holds 32,791 shares with $2.21M value, up from 18,148 last quarter. Schlumberger Ltd now has $99.18 billion valuation. The stock increased 0.73% or $0.52 during the last trading session, reaching $71.6. About 5.14M shares traded. Schlumberger Limited (NYSE:SLB) has declined 16.28% since May 15, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Among 2 analysts covering Macatawa Bank Corp (NASDAQ:MCBC), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Macatawa Bank Corp has $11.0 highest and $10.0 lowest target. $11’s average target is 0.09% above currents $10.99 stock price. Macatawa Bank Corp had 4 analyst reports since June 1, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained Macatawa Bank Corporation (NASDAQ:MCBC) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $11.0 target. The company was maintained on Thursday, June 1 by Keefe Bruyette & Woods. The company was maintained on Tuesday, October 3 by Keefe Bruyette & Woods. The company was maintained on Monday, January 29 by Hovde Group.

Macatawa Bank Corporation operates as the bank holding firm for Macatawa Bank that provides commercial and personal banking services primarily in Western Michigan. The company has market cap of $373.85 million. The companyÂ’s deposit products include checking accounts, savings accounts and time deposits, transaction accounts, regular and money market savings accounts, and certificates of deposit. It has a 22.9 P/E ratio. The Company’s loan products portfolio comprises commercial and industrial loans offered to finance activities and equipment; commercial real estate loans primarily comprising construction and development loans, and multi-family and other non-residential real estate loans; retail loans that primarily consist of residential mortgage loans; and consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes.

Since May 9, 2018, it had 1 buy, and 0 sales for $22,859 activity. 2,080 shares valued at $22,859 were bought by Hoeksema Matthew D on Wednesday, May 9.

More news for Macatawa Bank Corporation (NASDAQ:MCBC) were recently published by:, which released: “Macatawa Bank Corporation Declares Quarterly Dividend” on April 30, 2018.‘s article titled: “Macatawa Bank Corporation Reports First Quarter 2018 Results” and published on April 26, 2018 is yet another important article.

Investors sentiment decreased to 1.15 in Q4 2017. Its down 1.16, from 2.31 in 2017Q3. It worsened, as 8 investors sold Macatawa Bank Corporation shares while 18 reduced holdings. 10 funds opened positions while 20 raised stakes. 9.14 million shares or 2.48% more from 8.92 million shares in 2017Q3 were reported. Barclays Public Limited Com reported 0% of its portfolio in Macatawa Bank Corporation (NASDAQ:MCBC). Panagora Asset Mngmt invested in 0.01% or 264,442 shares. 3,000 were accumulated by Fifth Third Savings Bank. Cambridge Rech Advsrs Inc holds 0% or 10,254 shares in its portfolio. First Quadrant Limited Partnership Ca holds 20,985 shares. American Interest Group accumulated 17,499 shares or 0% of the stock. Parallax Volatility Advisers Ltd Partnership invested in 3,990 shares. State Common Retirement Fund owns 24,100 shares or 0% of their US portfolio. Acadian Asset Management Limited Co accumulated 17,128 shares. Legal & General Public Limited Liability Corporation reported 6,272 shares stake. Tower Rech Capital Ltd Liability Corp (Trc), a New York-based fund reported 992 shares. Rhumbline Advisers accumulated 24,534 shares or 0% of the stock. Spark Inv Mngmt invested in 0.01% or 17,000 shares. Credit Suisse Ag reported 10,430 shares. Manufacturers Life Insur The accumulated 22,173 shares.

Beacon Financial Group decreased Magellan Midstream Partners Com (NYSE:MMP) stake by 27,893 shares to 44,018 valued at $3.12 million in 2017Q4. It also reduced Abbvie Inc (NYSE:ABBV) stake by 3,285 shares and now owns 9,495 shares. Ishares (IEF) was reduced too.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. has $120 highest and $70 lowest target. $83.54’s average target is 16.68% above currents $71.6 stock price. Schlumberger Limited. had 148 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, September 5. The rating was initiated by KLR Group with “Buy” on Monday, December 14. The firm has “Buy” rating by Goldman Sachs given on Monday, April 4. Cowen & Co maintained it with “Outperform” rating and $99 target in Wednesday, April 26 report. On Monday, February 12 the stock rating was upgraded by Griffin Securities to “Buy”. The firm earned “Buy” rating on Monday, April 23 by Seaport Global. The firm earned “Buy” rating on Wednesday, April 4 by Jefferies. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Jefferies on Friday, August 25. The stock of Schlumberger Limited (NYSE:SLB) has “Equal-Weight” rating given on Monday, March 28 by Barclays Capital. The firm has “Neutral” rating given on Tuesday, May 10 by Guggenheim.

Investors sentiment decreased to 0.66 in Q4 2017. Its down 0.22, from 0.88 in 2017Q3. It dived, as 90 investors sold SLB shares while 672 reduced holdings. 140 funds opened positions while 365 raised stakes. 1.05 billion shares or 11.89% less from 1.20 billion shares in 2017Q3 were reported. Fernwood Invest Mngmt Limited Co stated it has 0.14% of its portfolio in Schlumberger Limited (NYSE:SLB). M&R Cap Management owns 21,060 shares or 0.33% of their US portfolio. Phocas Financial Corporation stated it has 0.03% in Schlumberger Limited (NYSE:SLB). Massachusetts Serv Company Ma stated it has 1% of its portfolio in Schlumberger Limited (NYSE:SLB). Wedge L Lp Nc holds 247,504 shares or 0.15% of its portfolio. Pacad Inv has 0.36% invested in Schlumberger Limited (NYSE:SLB) for 23,400 shares. Peak Asset Mgmt Ltd reported 10,810 shares. Northstar Asset Mngmt Limited Liability Company invested in 0.98% or 35,249 shares. Hanson & Doremus Invest holds 0.36% or 15,953 shares in its portfolio. Riverbridge Partners Lc stated it has 0.04% of its portfolio in Schlumberger Limited (NYSE:SLB). 18,008 were reported by First National Bank And Tru Com Of Newtown. Cypress Cap Grp invested in 31,767 shares or 0.45% of the stock. Mar Vista Investment Prtnrs Ltd Liability Corporation owns 1.08M shares. Hl Fincl Services Lc holds 0.07% or 55,571 shares in its portfolio. Hardman Johnston Glob Lc invested 1.5% in Schlumberger Limited (NYSE:SLB).

More news for Schlumberger Limited (NYSE:SLB) were recently published by:, which released: “Schlumberger Is Back” on April 24, 2018.‘s article titled: “Why Schlumberger’s Earnings Beat Isn’t Helping the Stock” and published on April 20, 2018 is yet another important article.

Macatawa Bank Corporation (NASDAQ:MCBC) Institutional Positions Chart