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NASDAQ:MFNCMackinac Financial Stock Price, Forecast & News

$10.76
+0.65 (+6.43 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$10.54
Now: $10.76
$11.09
50-Day Range
$8.70
MA: $9.71
$11.01
52-Week Range
$6.52
Now: $10.76
$17.75
Volume16,539 shs
Average Volume17,636 shs
Market Capitalization$113.30 million
P/E Ratio8.41
Dividend Yield5.54%
Beta0.83
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.6Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.53 out of 5 stars


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$70.34 million
Cash Flow$1.67 per share
Book Value$15.06 per share

Profitability

Net Income$13.85 million

Miscellaneous

Employees294
Market Cap$113.30 million
Next Earnings Date8/6/2020 (Estimated)
OptionableNot Optionable

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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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MFNC stock has decreased by 10.2% and is now trading at $10.76. View which stocks have been most impacted by Coronavirus.

When is Mackinac Financial's next earnings date?

Mackinac Financial is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Mackinac Financial.

How were Mackinac Financial's earnings last quarter?

Mackinac Financial Co. (NASDAQ:MFNC) posted its quarterly earnings results on Thursday, April, 30th. The financial services provider reported $0.28 EPS for the quarter, topping the Zacks' consensus estimate of $0.28 by $0.00. The financial services provider earned $15.33 million during the quarter, compared to the consensus estimate of $14.20 million. Mackinac Financial had a return on equity of 8.67% and a net margin of 19.35%. View Mackinac Financial's earnings history.

How often does Mackinac Financial pay dividends? What is the dividend yield for Mackinac Financial?

Mackinac Financial declared a quarterly dividend on Thursday, April 2nd. Stockholders of record on Wednesday, April 15th will be given a dividend of $0.14 per share on Friday, April 24th. This represents a $0.56 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Tuesday, April 14th. View Mackinac Financial's dividend history.

Has Mackinac Financial been receiving favorable news coverage?

News headlines about MFNC stock have been trending positive on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative 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 negative five to five, with scores nearest to five being the most favorable. Mackinac Financial earned a media sentiment score of 2.4 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutMackinac Financial.

Are investors shorting Mackinac Financial?

Mackinac Financial saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 38,500 shares, a drop of 16.8% from the April 30th total of 46,300 shares. Based on an average daily trading volume, of 23,300 shares, the short-interest ratio is currently 1.7 days. Approximately 0.4% of the company's stock are short sold. 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 Consolidated Edison (ED), Eastman Chemical (EMN), Enbridge (ENB), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), Harley-Davidson (HOG), IBM (IBM), KeyCorp (KEY), Kohl's (KSS) and Metlife (MET).

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 Risk
  • Mr. 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.61%), The Manufacturers Life Insurance Company (4.35%), State Street Corp (1.40%), Stieven Capital Advisors L.P. (1.17%), Geode Capital Management LLC (0.89%) and Bank of New York Mellon Corp (0.64%). 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 major 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., Blair William & Co. IL, UBS Group AG, Morgan Stanley, Deutsche Bank AG, The Manufacturers Life Insurance Company , Wellington Management Group LLP, and Naples Global Advisors LLC. View insider buying and selling activity for Mackinac Financial.

Which major investors are buying Mackinac Financial stock?

MFNC stock was bought by a variety of institutional investors in the last quarter, including Greenleaf Trust, Fourthstone LLC, HNP Capital LLC, Rhumbline Advisers, BlackRock Inc., Geode Capital Management LLC, JPMorgan Chase & Co., and State Street Corp. 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 $10.76.

How big of a company is Mackinac Financial?

Mackinac Financial has a market capitalization of $113.30 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 6/6/2020 by MarketBeat.com Staff

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