Mackinac Financial Corp. Company Profile (NASDAQ:MFNC)

About Mackinac Financial Corp.

Mackinac Financial Corp. logoMackinac Financial Corporation is a bank holding Company of mBank (the Bank). The Company, through the Bank, is engaged in the general commercial banking business. The Bank provides a range of loan and deposit products. These banking services include customary retail and commercial banking services, including checking and savings accounts, time deposits, interest bearing transaction accounts, safe deposit facilities, real estate mortgage lending, commercial lending, commercial and governmental lease financing, and direct and indirect consumer financing. The funds for the Bank's operation are also provided by brokered deposits and through borrowings from the Federal Home Loan Bank (FHLB) system, proceeds from the sale of loans and mortgage-backed and other securities, funds from repayment of outstanding loans and earnings from operations. The Bank has over 13 branch offices located in the Upper Peninsula of Michigan and four branch offices located in Michigan's Lower Peninsula.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Southwest Banks
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: MFNC
  • CUSIP:
Key Metrics:
  • Previous Close: $11.21
  • 50 Day Moving Average: $11.45
  • 200 Day Moving Average: $10.99
  • 52-Week Range: $9.90 - $12.03
  • Trailing P/E Ratio: 19.67
  • P/E Growth: 0.00
  • Market Cap: $69.79M
  • Outstanding Shares: 6,226,000
  • Beta: 0.64
Profitability:
  • Net Margins: 9.62%
  • Return on Equity: 6.94%
  • Return on Assets: 0.68%
Debt:
  • Debt-to-Equity Ratio: 0.92%
  • Current Ratio: 1.04%
  • Quick Ratio: 1.04%
Additional Links:
Companies Related to Mackinac Financial Corp.:

Analyst Ratings

Consensus Ratings for Mackinac Financial Corp. (NASDAQ:MFNC) (?)
Ratings Breakdown: No ratings tracked in the last 12 months.
Consensus Rating:N/A (Score: NaN)
Consensus Price Target: N/A

Analysts' Ratings History for Mackinac Financial Corp. (NASDAQ:MFNC)
Show:
No equities research coverage for this company has been tracked by MarketBeat.com

Earnings

Earnings History for Mackinac Financial Corp. (NASDAQ:MFNC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/28/2016        
8/4/2016Q216($0.02)ViewN/AView Earnings Details
10/30/2015Q315$0.16ViewN/AView Earnings Details
1/30/2014Q4$0.52ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Mackinac Financial Corp. (NASDAQ:MFNC)
No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Current Dividend Information for Mackinac Financial Corp. (NASDAQ:MFNC)
Annual Dividend:$0.40
Dividend Yield:3.57%
Payout Ratio:70.18% (Based on Trailing 12 Months of Earnings)

Dividend History for Mackinac Financial Corp. (NASDAQ:MFNC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/24/2016quarterly$0.103.48%9/21/20169/23/201610/3/2016
5/25/2016quarterly$0.103.75%5/20/20165/24/20167/11/2016
3/23/2016quarterly$0.103.85%3/31/20164/4/20164/12/2016
10/28/2015quarterly$0.103.81%12/23/201512/28/20151/7/2016
8/26/2015quarterly$0.103.81%9/21/20159/23/201510/5/2015
5/29/2015quarterly$0.082.6%6/23/20156/25/20157/10/2015
3/26/2015quarterly$0.082.67%4/1/20154/6/20154/15/2015
12/15/2014quarterly$0.082.67%12/26/201412/30/20141/8/2015
8/26/2014quarterly$0.051.72%9/22/20149/24/201410/6/2014
6/26/2014quarterly$0.051.64%7/2/20147/7/20147/18/2014
3/18/2014quarterly$0.051.51%3/28/20144/1/20144/11/2014
12/17/2013quarterly$0.052.07%12/26/201312/30/20131/8/2014
8/28/2013quarterly$0.041.68%9/30/201310/2/201310/14/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Mackinac Financial Corp. (NASDAQ:MFNC)
Insider Ownership Percentage: 25.91%
Institutional Ownership Percentage: 28.37%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/25/2016David Russ SteinhardtDirectorBuy121,769$10.00$1,217,690.00View SEC Filing  
8/9/2012Ernie R KruegerCFOBuy8,733$5.75$50,214.75View SEC Filing  
8/9/2012Joseph D GareaDirectorBuy26,087$5.75$150,000.25View SEC Filing  
8/9/2012Paul Davison TobiasCEOBuy54,952$5.75$315,974.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Mackinac Financial Corp. (NASDAQ:MFNC)
DateHeadline
capitalcube.com logoMackinac Financial Corp. :MFNC-US: Earnings Analysis: Q2, 2016 By the Numbers : September 9, 2016 (NASDAQ:MFNC)
www.capitalcube.com - September 9 at 10:49 AM
4-traders.com logoMackinac Financial Corporation : Completes the Acquisition of First National Bank of Niagara (NASDAQ:MFNC)
www.4-traders.com - September 1 at 5:59 PM
biz.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Files SEC form 8-K, Entry into a Material Definitive Agreement, Change in Directors or P (NASDAQ:MFNC)
biz.yahoo.com - August 1 at 5:58 PM
News IconmBank announces senior level promotions (NASDAQ:MFNC)
www.lakelandtimes.com - June 28 at 10:58 AM
biz.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure, (NASDAQ:MFNC)
biz.yahoo.com - June 1 at 4:13 PM
publicnow.com logoErnie R. Krueger to Retire After 12 Years With Mackinac Financial Corporation; Company Announces CFO Succession (NASDAQ:MFNC)
www.publicnow.com - June 1 at 3:05 PM
News IconmBank to acquire First National Bank of Niagara (NASDAQ:MFNC)
www.uppermichiganssource.com - May 26 at 3:43 PM
News IconMackinac Financial Corp. to acquire Wisconsin bank (NASDAQ:MFNC)
mibiz.com - May 26 at 3:43 PM
publicnow.com logoMackinac Financial Corporation to Acquire Niagara Bancorporation (Wisconsin) (NASDAQ:MFNC)
www.publicnow.com - May 24 at 11:56 AM
capitalcube.com logoMackinac Financial Corp. :MFNC-US: Earnings Analysis: Q1, 2016 By the Numbers (NASDAQ:MFNC)
www.capitalcube.com - May 17 at 3:15 PM
publicnow.com logoMackinac Financial Corporation Completes the Acquisition of First National Bank of Eagle River (NASDAQ:MFNC)
www.publicnow.com - April 29 at 3:30 PM
biz.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Other Events, Fi (NASDAQ:MFNC)
biz.yahoo.com - April 29 at 3:06 PM
capitalcube.com logoMackinac Financial Corp. Earnings Analysis: 2015 By the Numbers (NASDAQ:MFNC)
www.capitalcube.com - February 11 at 10:27 AM
finance.yahoo.com logoMackinac Financial Corporation Reports Strong Earnings Growth for 2015 (NASDAQ:MFNC)
finance.yahoo.com - February 3 at 3:12 PM
finance.yahoo.com logoMackinac Financial Corporation (MFNC) (NASDAQ:MFNC)
finance.yahoo.com - January 21 at 1:41 PM
biz.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure (NASDAQ:MFNC)
biz.yahoo.com - January 19 at 8:42 AM
finance.yahoo.com logo8:34 am Mackinac Finl to acquire First National Bank of Eagle River for $12.50 million (NASDAQ:MFNC)
finance.yahoo.com - January 19 at 8:34 AM
finance.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Financials (NASDAQ:MFNC)
finance.yahoo.com - December 8 at 1:18 PM
biz.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Files SEC form 10-Q, Quarterly Report (NASDAQ:MFNC)
biz.yahoo.com - November 13 at 8:05 AM
biz.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements (NASDAQ:MFNC)
biz.yahoo.com - October 30 at 4:37 PM
noodls.com logoMackinac Financial Corporation Reports Nine Month and Third Quarter 2015 Results (NASDAQ:MFNC)
www.noodls.com - October 30 at 1:58 PM
biz.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NASDAQ:MFNC)
biz.yahoo.com - October 27 at 5:17 PM
noodls.com logoMackinac Financial Corporation Declares $.10 Cash Dividend on Common Stock (NASDAQ:MFNC)
www.noodls.com - October 27 at 1:17 PM
capitalcube.com logoMackinac Financial Corp. Earnings Q2, 2015 (NASDAQ:MFNC)
www.capitalcube.com - September 14 at 11:57 AM
finance.yahoo.com logoMackinac Financial Corporation Declares 33% Increase in Cash Dividend on Common Stock (NASDAQ:MFNC)
finance.yahoo.com - August 25 at 1:19 PM
finance.yahoo.com logoMackinac Financial Corporation Reports Increased Earnings Momentum for Six Month and Second Quarter 2015 Results (NASDAQ:MFNC)
finance.yahoo.com - July 24 at 2:00 PM
biz.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Files SEC form 8-K, Submission of Matters to a Vote of Security Holders (NASDAQ:MFNC)
biz.yahoo.com - May 28 at 4:07 PM

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Mackinac Financial Corp. (NASDAQ:MFNC) Chart for Thursday, September, 29, 2016


Last Updated on 9/29/2016 by MarketBeat.com Staff