About Mackinac Financial Corporation (NASDAQ:MFNC)
Mackinac 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: Commercial Banks
- Sub-Industry: N/A
- Symbol: NASDAQ:MFNC
- CUSIP: N/A
- Web: www.bankmbank.com
- Market Cap: $100.45 million
- Outstanding Shares: 6,294,000
- 52 Week Range: $11.14 - $16.80
Sales & Book Value:
- Trailing P/E Ratio:
- P/E Growth:
- Annual Revenue: $39.85 million
- Price / Sales: 2.52
- Book Value: $12.92 per share
- Price / Book: 1.24
- Annual Dividend: $0.48
- Dividend Yield: 3.0%
- Net Margins: 14.88%
- Return on Equity: 8.79%
- Return on Assets: 0.71%
- Debt-to-Equity Ratio: 1.13%
- Current Ratio: 1.05%
- Quick Ratio: 1.05%
- Average Volume: 3,560 shs.
- Beta: 0.65
- Short Ratio: 3.92
Frequently Asked Questions for Mackinac Financial Corporation (NASDAQ:MFNC)
What is Mackinac Financial Corporation's stock symbol?
Mackinac Financial Corporation trades on the NASDAQ under the ticker symbol "MFNC."
How often does Mackinac Financial Corporation pay dividends? What is the dividend yield for Mackinac Financial Corporation?
Mackinac Financial Corporation declared a quarterly dividend on Tuesday, September 12th. Shareholders of record on Friday, September 22nd will be paid a dividend of $0.12 per share on Tuesday, October 3rd. This represents a $0.48 annualized dividend and a yield of 3.01%. The ex-dividend date is Thursday, September 21st. View Mackinac Financial Corporation's Dividend History.
How were Mackinac Financial Corporation's earnings last quarter?
Mackinac Financial Corporation (NASDAQ:MFNC) issued its earnings results on Thursday, July, 27th. The company reported $0.27 earnings per share (EPS) for the quarter. The company had revenue of $10.11 million for the quarter. Mackinac Financial Corporation had a return on equity of 8.79% and a net margin of 14.88%. View Mackinac Financial Corporation's Earnings History.
When will Mackinac Financial Corporation make its next earnings announcement?
Who are some of Mackinac Financial Corporation's key competitors?
Some companies that are related to Mackinac Financial Corporation include First Business Financial Services (FBIZ), Two Rivers Bancorp (TRCB), First Community Corporation (FCCO), 1st Constitution Bancorp (NJ) (FCCY), DNB Financial Corp (DNBF), Select Bancorp (SLCT), Salisbury Bancorp (SAL), HopFed Bancorp (HFBC), American River Bankshares (AMRB), Patriot National Bancorp (PNBK), Anchor Bancorp (ANCB), 1st Century Bancshares (FCTY), 1st United Bancorp Inc (Florida) (FUBC), Associated Banc Corp (ASBC), BNC Bancorp (BNCN), Bridge Capital Holdings (BBNK), CapitalSource (CSE) and First Financial Holdings (FFCH).
Who are Mackinac Financial Corporation's key executives?
Mackinac Financial Corporation's management team includes the folowing people:
- Paul D. Tobias, Chairman of the Board, Chief Executive Officer; Chairman of mBank
- Kelly W. George, President; President and Chief Executive Officer of mBank
- Jesse R. Deering, Chief Financial Officer, Executive Vice President of the Company and mBank
- Walter J. Aspatore, Lead Independent Director
- David R. Steinhardt, Director
- Dennis B. Bittner, Independent Director
- Joseph D. Garea, Independent Director
- Robert Edward Mahaney II, Independent Director
How do I buy Mackinac Financial Corporation stock?
Shares of Mackinac Financial Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Mackinac Financial Corporation's stock price today?
MarketBeat Community Rating for Mackinac Financial Corporation (NASDAQ MFNC)MarketBeat's community ratings are surveys of what our community members think about Mackinac Financial Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Mackinac Financial Corporation stock can currently be purchased for approximately $15.96.
Consensus Ratings for Mackinac Financial Corporation (NASDAQ:MFNC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||No ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Consensus Price Target: ||N/A|Consensus Price Target History for Mackinac Financial Corporation (NASDAQ:MFNC)
Analysts' Ratings History for Mackinac Financial Corporation (NASDAQ:MFNC)
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for Mackinac Financial Corporation (NASDAQ:MFNC)Earnings History by Quarter for Mackinac Financial Corporation (NASDAQ MFNC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$0.27||$10.11 million||View||N/A|
|4/26/2017||Q1 2017||$0.28||$9.94 million||View||N/A|
Earnings Estimates for Mackinac Financial Corporation (NASDAQ:MFNC)
No earnings estimates for this company have been tracked by MarketBeat.com
Current Dividend Information for Mackinac Financial Corporation (NASDAQ:MFNC)
|Most Recent Dividend:||10/3/2017|
|Payout Ratio:||44.04% (Trailing 12 Months of Earnings) |
Dividend History by Quarter for Mackinac Financial Corporation (NASDAQ MFNC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Mackinac Financial Corporation (NASDAQ:MFNC)
Insider Ownership Percentage: 24.15%Insider Trades by Quarter for Mackinac Financial Corporation (NASDAQ:MFNC)
Institutional Ownership Percentage: 27.68%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/31/2017||Jesse A Deering||CFO||Sell||500||$13.95||$6,975.00|| |
|5/23/2017||Jesse A Deering||CFO||Sell||500||$14.00||$7,000.00|| |
|5/15/2017||Dennis Bittner||Director||Sell||1,000||$13.75||$13,750.00|| |
|2/25/2016||David Russ Steinhardt||Director||Buy||121,769||$10.00||$1,217,690.00|| |
|8/9/2012||Ernie R Krueger||CFO||Buy||8,733||$5.75||$50,214.75|| |
|8/9/2012||Joseph D Garea||Director||Buy||26,087||$5.75||$150,000.25|| |
|8/9/2012||Paul Davison Tobias||CEO||Buy||54,952||$5.75||$315,974.00|| |
Headline Trends for Mackinac Financial Corporation (NASDAQ:MFNC)
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Mackinac Financial Corporation (MFNC) Chart for Saturday, October, 21, 2017