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Mackinac Financial Stock Price, Forecast & Analysis (NASDAQ:MFNC)

$15.80
+0.19 (+1.22 %)
(As of 11/20/2019 08:00 AM ET)
Today's Range
$15.50
Now: $15.80
$15.80
50-Day Range
$15.07
MA: $15.57
$16.05
52-Week Range
$12.60
Now: $15.80
$16.34
Volume10,100 shs
Average Volume7,437 shs
Market Capitalization$169.85 million
P/E Ratio12.95
Dividend Yield3.57%
Beta0.69
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. Read More…

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$1.27 per share
Book Value$14.19 per share

Profitability

Net Income$8.37 million

Miscellaneous

Employees294
Market Cap$169.85 million
Next Earnings Date1/30/2020 (Estimated)
OptionableNot Optionable

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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 0.12000 dividend on Wednesday, September 18th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.14 per share on Tuesday, October 8th. This represents a yield of 3.1%. The ex-dividend date is Thursday, September 26th. View Mackinac Financial's Dividend History.

How were Mackinac Financial's earnings last quarter?

Mackinac Financial Co. (NASDAQ:MFNC) issued its quarterly earnings results on Thursday, October, 31st. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.35 by $0.00. The financial services provider earned $15.20 million during the quarter, compared to the consensus estimate of $15.30 million. Mackinac Financial had a return on equity of 9.16% and a net margin of 19.81%. 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, January 30th 2020. View Earnings Estimates for Mackinac Financial.

Has Mackinac Financial been receiving favorable news coverage?

Media coverage about MFNC stock has been trending very positive recently, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mackinac Financial earned a media sentiment score of 3.6 on InfoTrie's scale. They also gave news articles about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Mackinac Financial.

Are investors shorting Mackinac Financial?

Mackinac Financial saw a decline in short interest during the month of October. As of October 31st, there was short interest totalling 63,400 shares, a decline of 10.2% from the September 30th total of 70,600 shares. Based on an average daily volume of 11,800 shares, the days-to-cover ratio is presently 5.4 days. Approximately 0.7% of the shares of the company are sold short. View Mackinac Financial's Current Options Chain.

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 China Unicom (Hong Kong) (CHU), Envision Healthcare (EVHC), Kimberly Clark (KMB), Interactive Brokers Group (IBKR), Adobe (ADBE), Applied Materials (AMAT), Broadcom (AVGO), Avrobio (AVRO), Cree (CREE) and CoStar Group (CSGP).

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 many different of retail and institutional investors. Top institutional investors include Beese Fulmer Investment Management Inc. (0.12%). 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 buying Mackinac Financial stock?

MFNC stock was purchased by a variety of institutional investors in the last quarter, including Beese Fulmer Investment Management Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Mackinac Financial's stock price today?

One share of MFNC stock can currently be purchased for approximately $15.80.

How big of a company is Mackinac Financial?

Mackinac Financial has a market capitalization of $169.85 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. Mackinac Financial employs 294 workers across the globe.View Additional Information About Mackinac Financial.

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:  145 (Vote Outperform)
Underperform Votes:  135 (Vote Underperform)
Total Votes:  280
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 11/20/2019 by MarketBeat.com Staff

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