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NASDAQ:MFNC

Mackinac Financial Stock Forecast, Price & News

$10.77
+0.05 (+0.47 %)
(As of 10/23/2020 12:00 AM ET)
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Today's Range
$10.65
Now: $10.77
$10.89
50-Day Range
$9.03
MA: $9.95
$10.79
52-Week Range
$6.52
Now: $10.77
$17.75
Volume7,600 shs
Average Volume17,717 shs
Market Capitalization$113.45 million
P/E Ratio8.48
Dividend Yield5.20%
Beta0.79
Mackinac Financial Corporation provides banking solutions. It offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. The company provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases. The bank offers consumer loans, including credit card loans, revolving credit plans, and automotive loans. It offers commercial real estate loans for land development and on-site construction of industrial, commercial, residential, or farm buildings in the United States; real estate-backed residential loans; and commercial loans collateralized by real estate properties. It offers domestic and foreign commercial and industrial loans. The bank offers loans for the purpose of financing agricultural production; loans which include planned and unplanned overdrafts, to governments in non-U.S. countries, to their official institutions, and to international and regional institutions. 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 founded in 1974 and is based in Manistique, Michigan.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.76 out of 5 stars

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:MFNC
CUSIPN/A
Phone888-343-8147
Employees294

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$70.34 million
Cash Flow$1.59 per share
Book Value$15.06 per share

Profitability

Net Income$13.85 million

Miscellaneous

Market Cap$113.45 million
Next Earnings Date10/29/2020 (Estimated)
OptionableNot Optionable
$10.77
+0.05 (+0.47 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Mackinac Financial (NASDAQ:MFNC) Frequently Asked Questions

How has Mackinac Financial's stock price been impacted by COVID-19?

Mackinac Financial's stock was trading at $11.98 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MFNC stock has decreased by 10.1% and is now trading at $10.77.
View which stocks have been most impacted by COVID-19
.

When is Mackinac Financial's next earnings date?

Mackinac Financial is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Mackinac Financial
.

How were Mackinac Financial's earnings last quarter?

Mackinac Financial Co. (NASDAQ:MFNC) issued its quarterly earnings results on Thursday, July, 30th. The financial services provider reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.10. The financial services provider had revenue of $16.83 million for the quarter, compared to analyst estimates of $15.20 million. Mackinac Financial had a return on equity of 8.46% and a net margin of 18.80%.
View Mackinac Financial's earnings history
.

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

Mackinac Financial announced a quarterly dividend on Monday, September 21st. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.14 per share on Monday, October 12th. This represents a $0.56 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Wednesday, September 30th.
View Mackinac Financial's dividend history
.

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 Consolidated Edison (ED), Kohl's (KSS), Main Street Capital (MAIN), Occidental Petroleum (OXY), Domtar (UFS), Algonquin Power & Utilities (AQN), BCE (BCE), Franklin Resources (BEN), Cinemark (CNK) and CenterPoint Energy (CNP).

Who are Mackinac Financial's key executives?

Mackinac Financial's management team includes the following 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

What is Mackinac Financial's stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is Mackinac Financial's stock price today?

One share of MFNC stock can currently be purchased for approximately $10.77.

How big of a company is Mackinac Financial?

Mackinac Financial has a market capitalization of $113.45 million and generates $70.34 million in revenue each year. The financial services provider earns $13.85 million in net income (profit) each year or $1.30 on an earnings per share basis. Mackinac Financial employs 294 workers across the globe.

What is Mackinac Financial's official website?

The official website for Mackinac Financial is 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]

This page was last updated on 10/26/2020 by MarketBeat.com Staff

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