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 paid a dividend of $0.14 per share on Friday, January 10th. This represents a $0.56 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Thursday, December 26th. This is an increase from Mackinac Financial's previous quarterly dividend of $0.12. View Mackinac Financial's Dividend History.

Mackinac Financial Co. (NASDAQ:MFNC) posted its earnings results on Thursday, October, 31st. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.35 by $0.00. The financial services provider had revenue of $15.20 million for the quarter, compared to analysts' expectations 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.

Mackinac Financial is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Mackinac Financial.

News headlines about MFNC stock have trended very negative recently, according to InfoTrie. The research firm ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Mackinac Financial earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Mackinac Financial.

Mackinac Financial saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 46,400 shares, an increase of 21.8% from the December 31st total of 38,100 shares. Based on an average daily trading volume, of 15,100 shares, the short-interest ratio is currently 3.1 days. Currently, 0.5% of the company's stock are short sold. View Mackinac Financial's Current Options Chain.

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

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 number of of institutional and retail investors. Top institutional investors include Strs Ohio (0.09%). Company insiders that own Mackinac Financial stock include Dennis Bittner and Jesse A Deering. View Institutional Ownership Trends for Mackinac Financial.

MFNC stock was acquired by a variety of institutional investors in the last quarter, including Strs Ohio. 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 $15.96.

Mackinac Financial has a market capitalization of $171.55 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.

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]