Mackinac Financial Corporation Company Profile (NASDAQ:MFNC)

About Mackinac Financial Corporation (NASDAQ:MFNC)

Mackinac Financial Corporation 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: Commercial Banks
  • Sub-Industry: N/A
  • Symbol: NASDAQ:MFNC
  • CUSIP: N/A
  • Web: www.bankmbank.com
Capitalization:
  • Market Cap: $100.45 million
  • Outstanding Shares: 6,294,000
Average Prices:
  • 52 Week Range: $11.14 - $16.80
P/E:
  • Trailing P/E Ratio:
  • P/E Growth:
Sales & Book Value:
  • Annual Revenue: $39.85 million
  • Price / Sales: 2.52
  • Book Value: $12.92 per share
  • Price / Book: 1.24
Dividend:
  • Annual Dividend: $0.48
  • Dividend Yield: 3.0%
Profitability:
  • Net Margins: 14.88%
  • Return on Equity: 8.79%
  • Return on Assets: 0.71%
Debt:
  • Debt-to-Equity Ratio: 1.13%
  • Current Ratio: 1.05%
  • Quick Ratio: 1.05%
Misc:
  • 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?

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

Who are some of Mackinac Financial Corporation's key competitors?

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?

One share of Mackinac Financial Corporation stock can currently be purchased for approximately $15.96.


MarketBeat Community Rating for Mackinac Financial Corporation (NASDAQ MFNC)
Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  46 (Vote Outperform)
Underperform Votes:  36 (Vote Underperform)
Total Votes:  82
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.

Analyst Ratings

Consensus Ratings for Mackinac Financial Corporation (NASDAQ:MFNC) (How are Consensus Ratings Calculated?)
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)
Price Target History for Mackinac Financial Corporation (NASDAQ:MFNC)
Analysts' Ratings History for Mackinac Financial Corporation (NASDAQ:MFNC)
Show:
No equities research coverage for this company has been tracked by MarketBeat.com

Earnings

Earnings History for Mackinac Financial Corporation (NASDAQ:MFNC)
Earnings by Quarter for Mackinac Financial Corporation (NASDAQ:MFNC)
Earnings History by Quarter for Mackinac Financial Corporation (NASDAQ MFNC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2017N/AView Earnings Details
7/27/2017Q2 2017$0.27$10.11 millionViewN/AView Earnings Details
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 Corporation (NASDAQ:MFNC)

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

Dividends

Current Dividend Information for Mackinac Financial Corporation (NASDAQ:MFNC)
Most Recent Dividend:10/3/2017
Annual Dividend:$0.48
Dividend Yield:3.01%
Payout Ratio:44.04% (Trailing 12 Months of Earnings)
Dividend Payments by Quarter for Mackinac Financial Corporation (NASDAQ:MFNC)

Dividend History by Quarter for Mackinac Financial Corporation (NASDAQ MFNC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/12/2017Quarterly$0.123.21%9/21/20179/22/201710/3/2017
6/21/2017quarterly$0.123.47%6/28/20176/30/20177/11/2017
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 Corporation (NASDAQ:MFNC)
Insider Ownership Percentage: 24.15%
Institutional Ownership Percentage: 27.68%
Insider Trades by Quarter for Mackinac Financial Corporation (NASDAQ:MFNC)
Institutional Ownership by Quarter for Mackinac Financial Corporation (NASDAQ:MFNC)
Insider Trades by Quarter for Mackinac Financial Corporation (NASDAQ:MFNC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/31/2017Jesse A DeeringCFOSell500$13.95$6,975.00View SEC Filing  
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 Corporation (NASDAQ:MFNC)
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Chart

Mackinac Financial Corporation (MFNC) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

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