NASDAQ:MFNC Mackinac Financial Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Mackinac Financial Co. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $9.36 -0.57 (-5.74 %) (As of 09/21/2020 12:00 AM ET) Add Compare Share Today's Range$9.31Now: $9.36▼$9.7850-Day Range$9.10MA: $9.83▼$10.2652-Week Range$6.52Now: $9.36▼$17.75Volume29,079 shsAverage Volume18,330 shsMarket Capitalization$98.60 millionP/E Ratio7.37Dividend Yield5.64%Beta0.8 ProfileChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media 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. It offers commercial real estate loans for land development and on-site construction of industrial, commercial, residential, or farm buildings in the United States; real estate-backed residential loans; and commercial loans collateralized by real estate properties. It offers domestic and foreign commercial and industrial loans. The bank offers loans for the purpose of financing agricultural production; loans which include planned and unplanned overdrafts, to governments in non-U.S. countries, to their official institutions, and to international and regional institutions. 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 founded in 1974 and is based in Manistique, Michigan.Read More Beat the Market (BTM) Rank™ 0.0 Analyst's Opinion Consensus RatingThere is not enough analysis data for Mackinac Financial. Previous Next 2.6 Community Rank Outperform VotesMackinac Financial has received 164 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMackinac Financial has received 153 “underperform” votes. (Add your “underperform” vote.)Community SentimentMackinac Financial has received 51.74% “outperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipMackinac Financial is a leading dividend payer. It pays a dividend yield of 5.64%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMackinac Financial has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Mackinac Financial is 43.08%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Mackinac Financial will have a dividend payout ratio of 74.67% next year. This indicates that Mackinac Financial will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mackinac Financial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 15.95% of the stock of Mackinac Financial is held by insiders.Percentage Held by Institutions50.46% of the stock of Mackinac Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Mackinac Financial are expected to decrease by -40.00% in the coming year, from $1.25 to $0.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mackinac Financial is 7.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.51.Price to Earnings Ratio vs. SectorThe P/E ratio of Mackinac Financial is 7.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 16.99.Price to Book Value per Share RatioMackinac Financial has a P/B Ratio of 0.62. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.0Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.76 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:MFNC Previous Symbol CUSIPN/A CIK36506 Webwww.bankmbank.com Phone888-343-8147Debt Debt-to-Equity Ratio0.70 Current Ratio1.07 Quick Ratio1.07Price-To-Earnings Trailing P/E Ratio7.37 Forward P/E Ratio7.49 P/E GrowthN/A Sales & Book Value Annual Sales$70.34 million Price / Sales1.40 Cash Flow$1.51 per share Price / Cash Flow6.20 Book Value$15.06 per share Price / Book0.62Profitability EPS (Most Recent Fiscal Year)$1.30 Net Income$13.85 million Net Margins18.80% Return on Equity8.46% Return on Assets0.98%Miscellaneous Employees294 Outstanding Shares10,534,000Market Cap$98.60 million Next Earnings Date10/29/2020 (Estimated) OptionableNot Optionable $9.36 -0.57 (-5.74 %) (As of 09/21/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive MFNC News and Ratings via Email Sign-up to receive the latest news and ratings for MFNC and its competitors with MarketBeat's FREE daily newsletter. Mackinac Financial (NASDAQ:MFNC) Frequently Asked Questions How has Mackinac Financial's stock been impacted by COVID-19 (Coronavirus)? Mackinac Financial's stock was trading at $11.98 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MFNC stock has decreased by 21.9% and is now trading at $9.36. View which stocks have been most impacted by COVID-19. When is Mackinac Financial's next earnings date? Mackinac Financial is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020. View our earnings forecast for Mackinac Financial. How were Mackinac Financial's earnings last quarter? Mackinac Financial Co. (NASDAQ:MFNC) released its quarterly earnings results on Thursday, July, 30th. The financial services provider reported $0.33 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.10. The financial services provider had revenue of $16.83 million for the quarter, compared to analysts' expectations of $15.20 million. Mackinac Financial had a net margin of 18.80% and a return on equity of 8.46%. View Mackinac Financial's earnings history. How often does Mackinac Financial pay dividends? What is the dividend yield for Mackinac Financial? Mackinac Financial announced a quarterly dividend on Tuesday, June 23rd. Investors of record on Monday, July 6th will be paid a dividend of $0.14 per share on Monday, July 20th. This represents a $0.56 annualized dividend and a yield of 5.98%. The ex-dividend date of this dividend is Thursday, July 2nd. View Mackinac Financial's dividend history. Who are some of Mackinac Financial's key competitors? Some companies that are related to Mackinac Financial include Bank of Marin Bancorp (BMRC), Peoples Bancorp (PEBO), Peoples Utah Bancorp (PUB), Heritage Commerce (HTBK), Central Pacific Financial (CPF), Altabancorp (ALTA), Century Bancorp (CNBKA), Customers Bancorp (CUBI), Cambridge Bancorp (CATC), First Community Bankshares (FCBC), Dacotah Banks (DBIN), MetroCity Bankshares (MCBS), HBT Financial (HBT), Red River Bancshares (RRBI) and Capital City Bank Group (CCBG). View all 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 Consolidated Edison (ED), Kohl's (KSS), Main Street Capital (MAIN), Occidental Petroleum (OXY), Domtar (UFS), Algonquin Power & Utilities (AQN), BCE (BCE), Franklin Resources (BEN), Cinemark (CNK) and CenterPoint Energy (CNP). Who are Mackinac Financial's key executives? Mackinac Financial's management team includes the following 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 RiskMr. Jeremy W. Flodin, Sr. VP, Sr. Credit Administrator & Credit Risk Analyst What is Mackinac Financial's stock symbol? Mackinac Financial trades on the NASDAQ under the ticker symbol "MFNC." Who are Mackinac Financial's major shareholders? Mackinac Financial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include EJF Capital LLC (5.07%), BHZ Capital Management LP (0.94%), Stieven Capital Advisors L.P. (0.83%), Bank of New York Mellon Corp (0.60%), LSV Asset Management (0.25%) and Nuveen Asset Management LLC (0.20%). Company insiders that own Mackinac Financial stock include David Russ Steinhardt, Dennis Bittner and Jesse A Deering. View institutional ownership trends for Mackinac Financial. Which institutional investors are selling Mackinac Financial stock? MFNC stock was sold by a variety of institutional investors in the last quarter, including Stieven Capital Advisors L.P., Bank of New York Mellon Corp, Total Clarity Wealth Management Inc., Blair William & Co. IL, UBS Group AG, and Naples Global Advisors LLC. View insider buying and selling activity for Mackinac Financial. Which institutional investors are buying Mackinac Financial stock? MFNC stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Nuveen Asset Management LLC, Beese Fulmer Investment Management Inc., LSV Asset Management, Bank of America Corp DE, BHZ Capital Management LP, and EJF Capital LLC. View insider buying and selling activity 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 $9.36. How big of a company is Mackinac Financial? Mackinac Financial has a market capitalization of $98.60 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. What is Mackinac Financial's official website? The official website for Mackinac Financial is 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] This page was last updated on 9/22/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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