Mackinac Financial Company Profile (NASDAQ:MFNC)

About Mackinac Financial (NASDAQ:MFNC)

Mackinac Financial 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
  • Symbol: NASDAQ:MFNC
  • CUSIP: N/A
  • Web: www.bankmbank.com
Capitalization:
  • Market Cap: $86.86 million
  • Outstanding Shares: 6,294,000
Average Prices:
  • 50 Day Moving Avg: $13.84
  • 200 Day Moving Avg: $13.48
  • 52 Week Range: $10.43 - $14.98
P/E:
  • Trailing P/E Ratio: 17.00
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $38.53 million
  • Price / Sales: 2.25
  • Book Value: $12.71 per share
  • Price / Book: 1.09
Dividend:
  • Annual Dividend: $0.40
  • Dividend Yield: 3.4%
Profitability:
  • Net Margins: 10.64%
  • Return on Equity: 8.13%
  • Return on Assets: 0.73%
Debt:
  • Debt-to-Equity Ratio: 0.87%
  • Current Ratio: 1.01%
  • Quick Ratio: 1.01%
Misc:
  • Average Volume: 4,106 shs.
  • Beta: 0.91
  • Short Ratio: 2.65
 

Frequently Asked Questions for Mackinac Financial (NASDAQ:MFNC)

What is Mackinac Financial's stock symbol?

Mackinac Financial trades on the NASDAQ under the ticker symbol "MFNC."

How often does Mackinac Financial pay dividends? What is the dividend yield for Mackinac Financial?

Mackinac Financial declared a quarterly dividend on Tuesday, March 28th. Investors of record on Monday, April 10th will be paid a dividend of $0.12 per share on Tuesday, April 18th. This represents a $0.48 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Thursday, April 6th. This is an increase from Mackinac Financial's previous quarterly dividend of $0.10. View Mackinac Financial's Dividend History.

How were Mackinac Financial's earnings last quarter?

Mackinac Financial Co. (NASDAQ:MFNC) released its earnings results on Wednesday, April, 26th. The company reported $0.28 earnings per share for the quarter. The company earned $9.94 million during the quarter. Mackinac Financial had a return on equity of 8.13% and a net margin of 10.64%. View Mackinac Financial's Earnings History.

When will Mackinac Financial make its next earnings announcement?

Mackinac Financial is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for Mackinac Financial.

Who are some of Mackinac Financial's key competitors?

How do I buy Mackinac Financial stock?

Shares of Mackinac Financial can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Mackinac Financial stock cost?

One share of Mackinac Financial stock can currently be purchased for approximately $13.80.

Analyst Ratings

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

Earnings

Earnings History for Mackinac Financial (NASDAQ:MFNC)
Earnings by Quarter for Mackinac Financial (NASDAQ:MFNC)
Earnings History by Quarter for Mackinac Financial (NASDAQ:MFNC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/2/2017        
4/26/2017Q1 2017$0.28$9.94 millionViewN/AView Earnings Details
10/30/2015Q315$0.16$8.01 millionViewN/AView Earnings Details
1/30/2014Q4$0.52ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Mackinac Financial (NASDAQ:MFNC)

No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Current Dividend Information for Mackinac Financial (NASDAQ:MFNC)
Most Recent Dividend:4/18/2017
Annual Dividend:$0.40
Dividend Yield:2.90%
Payout Ratio:57.14% (Trailing 12 Months of Earnings)
Dividend Payments by Quarter for Mackinac Financial (NASDAQ:MFNC)

Dividend History by Quarter for Mackinac Financial (NASDAQ:MFNC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/28/2017Quarterly$0.123.52%4/6/20174/10/20174/18/2017
10/27/2016quarterly$0.103.41%12/23/201612/28/20161/9/2017
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 and Institutional Ownership History for Mackinac Financial (NASDAQ:MFNC)
Insider Ownership Percentage: 25.91%
Institutional Ownership Percentage: 26.25%
Insider Trades by Quarter for Mackinac Financial (NASDAQ:MFNC)
Insider Trades by Quarter for Mackinac Financial (NASDAQ:MFNC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/23/2017Jesse A DeeringCFOSell500$14.00$7,000.00View SEC Filing  
5/15/2017Dennis BittnerDirectorSell1,000$13.75$13,750.00View SEC Filing  
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

Headline Trends for Mackinac Financial (NASDAQ:MFNC)
Latest Headlines for Mackinac Financial (NASDAQ:MFNC)
Source:
DateHeadline
finance.yahoo.com logoMackinac Financial Corp. :MFNC-US: Earnings Analysis: Q1, 2017 By the Numbers : May 19, 2017
finance.yahoo.com - May 19 at 11:02 AM
finance.yahoo.com logoMackinac Financial Corp. :MFNC-US: Earnings Analysis: Q1, 2017 By the Numbers : May 19, 2017
finance.yahoo.com - May 19 at 11:02 AM
americanbankingnews.com logoMackinac Financial Co. (MFNC) Director Dennis Bittner Sells 1,000 Shares
www.americanbankingnews.com - May 16 at 8:44 PM
americanbankingnews.com logoMackinac Financial (MFNC) Earning Favorable Press Coverage, Study Shows
www.americanbankingnews.com - April 29 at 12:52 PM
americanbankingnews.com logoMackinac Financial Co. (MFNC) Announces Quarterly Earnings Results
www.americanbankingnews.com - April 29 at 1:21 AM
americanbankingnews.com logoMackinac Financial Co. (MFNC) Issues Earnings Results
www.americanbankingnews.com - April 29 at 12:34 AM
americanbankingnews.com logoMackinac Financial Co. (MFNC) Issues Quarterly Earnings Results
www.americanbankingnews.com - April 29 at 12:10 AM
finance.yahoo.com logoMackinac Financial Corporation Reports First Quarter 2017 Results
finance.yahoo.com - April 26 at 6:47 PM
americanbankingnews.com logoMackinac Financial (MFNC) Getting Positive Media Coverage, AlphaOne Reports
www.americanbankingnews.com - April 21 at 11:16 PM
finance.yahoo.com logoMackinac Financial Corp. : MFNC-US: Dividend Analysis : April 10th, 2017 (record date) : By the numbers : April 14, 2017
finance.yahoo.com - April 14 at 6:17 PM
biz.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Files SEC form 10-K, Annual Report
biz.yahoo.com - March 30 at 6:50 PM
us.rd.yahoo.com logo12:38 pm Mackinac Finl (thinly-traded) increases quarterly dividend to $0.12/share from $0.10/share
us.rd.yahoo.com - March 28 at 6:15 PM
us.rd.yahoo.com logoMackinac Financial Corporation Declares Increased Cash Dividend on Common Stock
us.rd.yahoo.com - March 28 at 6:15 PM
finance.yahoo.com logoMackinac Financial Corporation Reports 2016 Fourth Quarter and Annual Results Including Two Acquisitions With Full Operational Integration
finance.yahoo.com - February 2 at 7:20 PM
biz.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Files SEC form 8-K, Entry into a Material Definitive Agreement, Change in Directors or P
biz.yahoo.com - August 1 at 5:58 PM
biz.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure,
biz.yahoo.com - June 1 at 4:13 PM
biz.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Other Events, Fi
biz.yahoo.com - April 29 at 3:06 PM
finance.yahoo.com logoMackinac Financial Corporation Reports Strong Earnings Growth for 2015
finance.yahoo.com - February 3 at 3:12 PM
finance.yahoo.com logoMackinac Financial Corporation (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
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
finance.yahoo.com - January 19 at 8:34 AM
finance.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Financials
finance.yahoo.com - December 8 at 1:18 PM
biz.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Files SEC form 10-Q, Quarterly Report
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
biz.yahoo.com - October 30 at 4:37 PM
biz.yahoo.com logoMACKINAC FINANCIAL CORP /MI/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
biz.yahoo.com - October 27 at 5:17 PM
finance.yahoo.com logoMackinac Financial Corporation Declares 33% Increase in Cash Dividend on Common Stock
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
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
biz.yahoo.com - May 28 at 4:07 PM

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Chart

Mackinac Financial (MFNC) Chart for Sunday, May, 28, 2017

This page was last updated on 5/28/2017 by MarketBeat.com Staff