Notable Dividend Flow: Will Nov 29, 2016 be the day Macatawa Bank Corporation (NASDAQ:MCBC) makes dividends of $0.03?

Notable Dividend Flow: Will Nov 29, 2016 be the day Macatawa Bank Corporation (NASDAQ:MCBC) makes dividends of $0.03?

Macatawa Bank Corporation (NASDAQ:MCBC) is expected to pay $0.03 on Nov 29, 2016. The indicated annual dividend is $0.12. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Macatawa Bank Corporation’s current price of $8.35, the dividend is 0.36%. This dividend’s record date is Nov 14, 2016 and the announcement date is Oct 31, 2016. The stock increased 2.45% or $0.2 during the last trading session, hitting $8.35. Macatawa Bank Corporation (NASDAQ:MCBC) has risen 25.19% since April 5, 2016 and is uptrending. It has outperformed by 23.24% the S&P500.

Macatawa Bank Corporation is a bank holding company. The company has a market cap of $283.24 million. The Firm owns Macatawa Bank . It has a 18.41 P/E ratio. The Firm focuses on commercial banking.

Insitutional Activity: The institutional sentiment decreased to 1.32 in 2016 Q2. Its down 0.91, from 2.23 in 2016Q1. The ratio fall, as 15 funds sold all Macatawa Bank Corporation shares owned while 13 reduced positions. 16 funds bought stakes while 21 increased positions. They now own 8.26 million shares or 23.51% more from 6.69 million shares in 2016Q1.
Nationwide Fund Advisors accumulated 19,242 shares or 0% of the stock. Raymond James And reported 14,403 shares or 0% of all its holdings. Ladenburg Thalmann Financial Serv Inc has 16,000 shares for 0% of their US portfolio. Fifth Third Fincl Bank holds 0% or 12,797 shares in its portfolio. Eam Limited Liability Corp holds 0.22% of its portfolio in Macatawa Bank Corporation (NASDAQ:MCBC) for 194,604 shares. California State Teachers Retirement System accumulated 55,461 shares or 0% of the stock. Credit Suisse Ag reported 12,129 shares or 0% of all its holdings. Rhumbline Advisers last reported 0% of its portfolio in the stock. Manufacturers Life Ins Com The has invested 0% of its portfolio in Macatawa Bank Corporation (NASDAQ:MCBC). Plante Moran Fincl Ltd Liability Com holds 0.13% or 24,815 shares in its portfolio. Denver Invest Advsrs Ltd Liability Corp owns 19,430 shares or 0.01% of their US portfolio. Legal General Group Plc holds 4,187 shares or 0% of its portfolio. Magee Thomson Inv Prns Lc holds 112 shares or 0% of its portfolio. Arcadia Inv Mi has 0% invested in the company for 2,000 shares. Morgan Stanley last reported 85,931 shares in the company.

More recent Macatawa Bank Corporation (NASDAQ:MCBC) news were published by: Mlive.com which released: “Former Macatawa Bank Corp. chairman sues to have his $20833-a-month severance …” on April 02, 2014. Also Mlive.com published the news titled: “‘We’ve fixed the bank,’ Macatawa Bank Corp. chairman tells shareholders” on May 06, 2014. Mlive.com‘s news article titled: “Macatawa Bank Corp. Chairman Ben Smith steps down” with publication date: February 10, 2009 was also an interesting one.

MCBC Company Profile

Macatawa Bank Corporation, incorporated on November 20, 1997, is a bank holding company. The Firm owns Macatawa Bank (the Bank). The Firm operates through commercial banking segment. Through its subsidiary, Macatawa Bank, the Company offers a range of commercial and personal banking services, including checking, savings and certificates of deposit accounts, cash management, safe deposit boxes, trust services and commercial, mortgage and consumer loans through over 30 branch offices, and a lending and operation service facility in Ottawa County, Kent County and northern Allegan County, Michigan. It also offers automated teller machines (ATMs), Internet banking, telephone banking and debit cards. The Bank provides various brokerage services, including discount brokerage through Infinex, personal financial planning and consultation regarding mutual funds. The Firm offers personal trust services, which include financial planning, investment management services, trust and estate administration, and custodial services. The personal trust assets under management totals approximately $363.8 million. The Company’s retirement plan services provide various types of qualified retirement plans, including profit sharing, 401(k) and pension plans. The Company’s retirement plan assets under management totals approximately $304.6 million.

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