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.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Phone888-343-8147
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$48.42 million
Profitability
Miscellaneous
Employees221
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. Stockholders 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 annualized dividend and a dividend yield of 3.24%. 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) posted its earnings results on Wednesday, October, 31st. The financial services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The financial services provider earned $14.51 million during the quarter, compared to analyst estimates of $14.30 million. Mackinac Financial had a return on equity of 7.91% and a net margin of 9.09%. View Mackinac Financial's Earnings History.
When is Mackinac Financial's next earnings date?
What price target have analysts set for MFNC?
2 analysts have issued 1 year price objectives for Mackinac Financial's stock. Their forecasts range from $19.00 to $19.00. On average, they expect Mackinac Financial's share price to reach $19.00 in the next twelve months. This suggests a possible upside of 28.3% 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?
Media stories about MFNC stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mackinac Financial earned a coverage optimism score of 0.9 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an impact on the stock's share price in the immediate future.
Who are some of Mackinac Financial's key competitors?
Some companies that are related to Mackinac Financial include Preferred Bank (PFBC), Peoples Utah Bancorp (PUB), Veritex (VBTX), Midland States Bancorp (MSBI), Heritage Commerce (HTBK), First Community Bankshares (FCBC), Independent Bank Co.(MI) (IBCP), Luther Burbank (LBC), Equity BancShares (EQBK), Mercantile Bank (MBWM), QCR (QCRH), HarborOne Bancorp (HONE), First Financial (THFF), First Mid-Illinois Bancshares (FMBH) and Old Line Bancshares, Inc. (MD) (OLBK).
Who are Mackinac Financial's key executives?
Mackinac Financial's management team includes the folowing people:
- Mr. Paul D. Tobias, Chairman & CEO (Age 67)
- Mr. Kelly W. George, Pres & Director (Age 50)
- Mr. Jesse A. Deering, Exec. VP & CFO (Age 38)
- Ms. Joanna B. Slaght, Exec. VP and MD of Compliance & Regulatory Risk
- Mr. Jeremy W. Flodin, Sr. VP, Sr. Credit Administrator & Credit Risk Analyst
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 $14.81.
How big of a company is Mackinac Financial?
Mackinac Financial has a market capitalization of $150.94 million and generates $48.42 million in revenue each year. The financial services provider earns $5.47 million in net income (profit) each year or $1.20 on an earnings per share basis. Mackinac Financial employs 221 workers across the globe.
What is Mackinac Financial's official website?
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)
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.
