NASDAQ:MFNC - Mackinac Financial Stock Price, News, & Analysis

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$15.84 +0.19 (+1.21 %)
(As of 03/20/2019 11:05 AM ET)
Previous Close$15.65
Today's Range$15.75 - $15.8550
52-Week Range$12.60 - $17.58
Volume1,682 shs
Average Volume10,942 shs
Market Capitalization$169.65 million
P/E Ratio12.98
Dividend Yield3.06%
Beta0.71
Mackinac Financial Corporation operates as the bank holding company for mBank that provides commercial and retail banking products and services in the United States. The company accepts interest bearing and non-interest bearing accounts, such as commercial and retail checking accounts, negotiable order of withdrawal accounts, money market accounts, individual retirement accounts, regular interest-bearing statement savings accounts, certificates of deposit, time deposits, and interest bearing transaction accounts. Its loan products include provides commercial loans to entities within real estate — operators of nonresidential buildings industry; consumer loan products comprising installment, mortgages, and home equity loans, as well as residential mortgage loans; and commercial and governmental lease financing. The company also offers safe deposit facilities. As of March 27, 2018, it operated 12 branches in the Upper Peninsula; 4 branches in the Northern Lower Peninsula; 1 branch in Oakland County, Michigan; and 7 branches in northern Wisconsin. The company was formerly known as North Country Financial Corporation and changed its name to Mackinac Financial Corporation in December 2004. Mackinac Financial Corporation was incorporated in 1974 and is headquartered in Manistique, Michigan.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:MFNC
CUSIPN/A
Phone888-343-8147

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$59.64 million
Cash Flow$1.6032 per share
Book Value$12.93 per share

Profitability

Net Income$8.37 million

Miscellaneous

EmployeesN/A
Market Cap$169.65 million
Next Earnings Date5/2/2019 (Estimated)
OptionableNot Optionable

Mackinac Financial (NASDAQ:MFNC) Frequently Asked Questions

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 Wednesday, December 19th. Shareholders of record on Friday, December 28th will be paid a dividend of $0.12 per share on Friday, January 11th. This represents a $0.48 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, December 27th. View Mackinac Financial's Dividend History.

How were Mackinac Financial's earnings last quarter?

Mackinac Financial Co. (NASDAQ:MFNC) issued its earnings results on Thursday, January, 31st. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The financial services provider had revenue of $15.24 million for the quarter, compared to analyst estimates of $15.10 million. Mackinac Financial had a return on equity of 8.52% and a net margin of 14.03%. View Mackinac Financial's Earnings History.

When is Mackinac Financial's next earnings date?

Mackinac Financial is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Mackinac Financial.

What price target have analysts set for MFNC?

2 brokers have issued twelve-month price objectives for Mackinac Financial's shares. Their predictions range from $19.00 to $19.00. On average, they anticipate Mackinac Financial's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 19.9% from the stock's current price. View Analyst Price Targets for Mackinac Financial.

What is the consensus analysts' recommendation for Mackinac Financial?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mackinac Financial in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mackinac Financial.

Has Mackinac Financial been receiving favorable news coverage?

Headlines about MFNC stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Mackinac Financial earned a daily sentiment score of 1.7 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term.

Who are some of Mackinac Financial's key competitors?

What other stocks do shareholders of Mackinac Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mackinac Financial investors own include Envision Healthcare (EVHC), China Unicom (Hong Kong) (CHU), Kimberly Clark (KMB), Applied Materials (AMAT), PG&E (PCG), Adient (ADNT), Starbucks (SBUX), CoStar Group (CSGP), Cree (CREE) and Live Nation Entertainment (LYV).

Who are Mackinac Financial's key executives?

Mackinac Financial's management team includes the folowing people:
  • Mr. Paul D. Tobias, Chairman & CEO (Age 68)
  • Mr. Kelly W. George, Pres & Director (Age 51)
  • Mr. Jesse A. Deering, Exec. VP & CFO (Age 39)
  • Ms. Joanna B. Slaght, Exec. VP and MD of Compliance & Regulatory Risk
  • Mr. Jeremy W. Flodin, Sr. VP, Sr. Credit Administrator & Credit Risk Analyst

Who are Mackinac Financial's major shareholders?

Mackinac Financial's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (4.02%), Dimensional Fund Advisors LP (4.02%), M3F Inc. (1.75%), Clover Partners L.P. (1.22%), Context BH Capital Management LP (0.94%) and Monashee Investment Management LLC (0.90%). Company insiders that own Mackinac Financial stock include Dennis Bittner and Jesse A Deering. View Institutional Ownership Trends for Mackinac Financial.

Which major investors are selling Mackinac Financial stock?

MFNC stock was sold by a variety of institutional investors in the last quarter, including M3F Inc., Monashee Investment Management LLC, Mendon Capital Advisors Corp, Context BH Capital Management LP and Naples Global Advisors LLC. Company insiders that have sold Mackinac Financial company stock in the last year include Dennis Bittner and Jesse A Deering. View Insider Buying and Selling for Mackinac Financial.

Which major investors are buying Mackinac Financial stock?

MFNC stock was purchased by a variety of institutional investors in the last quarter, including Southside Capital LLC, Rehmann Capital Advisory Group, Shoals Capital Management LP, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP and Clover Partners L.P.. View Insider Buying and Selling for Mackinac Financial.

How do I buy shares of Mackinac Financial?

Shares of MFNC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Mackinac Financial's stock price today?

One share of MFNC stock can currently be purchased for approximately $15.84.

How big of a company is Mackinac Financial?

Mackinac Financial has a market capitalization of $169.65 million and generates $59.64 million in revenue each year. The financial services provider earns $8.37 million in net income (profit) each year or $1.22 on an earnings per share basis.

What is Mackinac Financial's official website?

The official website for Mackinac Financial is http://www.bankmbank.com.

How can I contact Mackinac Financial?

Mackinac Financial's mailing address is 130 SOUTH CEDAR STREET, MANISTIQUE MI, 49854. The financial services provider can be reached via phone at 888-343-8147 or via email at [email protected]


MarketBeat Community Rating for Mackinac Financial (NASDAQ MFNC)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  108 (Vote Outperform)
Underperform Votes:  100 (Vote Underperform)
Total Votes:  208
MarketBeat's community ratings are surveys of what our community members think about Mackinac Financial and other stocks. Vote "Outperform" if you believe MFNC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MFNC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/20/2019 by MarketBeat.com Staff

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