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

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

Mackinac Financial declared a quarterly dividend on Tuesday, December 17th. Shareholders of record on Friday, December 27th will be given a dividend of $0.14 per share on Friday, January 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Thursday, December 26th. This is a boost from Mackinac Financial's previous quarterly dividend of $0.12. View Mackinac Financial's Dividend History.

Mackinac Financial Co. (NASDAQ:MFNC) issued its quarterly earnings results on Wednesday, January, 29th. The financial services provider reported $0.31 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.34 by $0.03. The financial services provider earned $15.20 million during the quarter, compared to analysts' expectations of $15.10 million. Mackinac Financial had a return on equity of 8.88% and a net margin of 19.69%. View Mackinac Financial's Earnings History.

Mackinac Financial is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Mackinac Financial.

News stories about MFNC stock have trended somewhat positive on Monday, according to InfoTrie. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mackinac Financial earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave news stories 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 company's share price in the immediate future. View News Stories for Mackinac Financial.

Mackinac Financial saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 33,400 shares, a drop of 28.0% from the January 15th total of 46,400 shares. Based on an average daily volume of 14,900 shares, the short-interest ratio is currently 2.2 days. Approximately 0.4% of the shares of the company are sold short. View Mackinac Financial's Current Options Chain.

Some companies that are related to Mackinac Financial include Midland States Bancorp (MSBI), HarborOne Bancorp (HONE), Luther Burbank (LBC), Merchants Bancorp (MBIN), Bank of Marin Bancorp (BMRC), First Financial (THFF), Flushing Financial (FFIC), Franklin Financial Network (FSB), First Mid-Illinois Bancshares (FMBH), Mercantile Bank (MBWM), Peoples Utah Bancorp (PUB), MidWestOne Financial Group (MOFG), Carter Bank and Trust (CARE), HBT Financial (HBT) and Independent Bank Co.(MI) (IBCP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mackinac Financial investors own include Consolidated Edison (ED), Kohl's (KSS), Gilead Sciences (GILD), Huntington Bancshares (HBAN), People's United Financial (PBCT), Pattern Energy Group (PEGI), Walgreens Boots Alliance (WBA), Franklin Resources (BEN), Dominion Energy (D) and Eastman Chemical (EMN).

Mackinac Financial's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include EJF Capital LLC (4.96%), State Street Corp (1.32%), Renaissance Technologies LLC (0.81%), Bank of New York Mellon Corp (0.65%), Southside Capital LLC (0.52%) and Raffles Associates LP (0.45%). Company insiders that own Mackinac Financial stock include Dennis Bittner and Jesse A Deering. View Institutional Ownership Trends for Mackinac Financial.

MFNC stock was sold by a variety of institutional investors in the last quarter, including Southside Capital LLC, Raffles Associates LP, Blair William & Co. IL and Minerva Advisors LLC. View Insider Buying and Selling for Mackinac Financial.

MFNC stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, State Street Corp, Panagora Asset Management Inc., Renaissance Technologies LLC, EJF Capital LLC, Strs Ohio, Barclays PLC and LSV Asset Management. View Insider Buying and Selling for 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.

One share of MFNC stock can currently be purchased for approximately $15.46.

Mackinac Financial has a market capitalization of $166.20 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.View Additional Information About Mackinac Financial.

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

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]