5 Dividend Stocks to Buy According to Fred Cummings’ Elizabeth Park Capital Management

4. Macatawa Bank Corporation (NASDAQ:MCBC)

Elizabeth Park Capital Management Stake Value: $5,191,000
Percentage of Elizabeth Park Capital Management’s 13F Portfolio: 1.82%
Number of Hedge Fund Holders: 10
Dividend Yield: 3.55%

Macatawa Bank Corporation (NASDAQ:MCBC) serves as the holding company for Macatawa Bank, a commercial and consumer bank offering trust services. In October, Macatawa Bank Corporation (NASDAQ:MCBC) declared a quarterly dividend of $0.08 per share, in line with the previous.

Among hedge funds being tracked by Insider Monkey, Renaissance Technologies held the most valuable stake in Macatawa Bank Corporation (NASDAQ:MCBC), worth $9.57 million, in the third quarter. In October, Macatawa Bank Corporation (NASDAQ:MCBC) declared earnings results for the third quarter, posting revenue of more than $19.94 million, down 4% year-on-year.

In the third quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $ 18.63 million in Macatawa Bank Corporation (NASDAQ:MCBC), up from 8 in the preceding quarter worth $17.33 million.