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NASDAQ:MFNC

Mackinac Financial Stock Forecast, Price & News

$13.34
+0.38 (+2.93 %)
(As of 01/22/2021 04:30 PM ET)
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Compare
Today's Range
$12.70
Now: $13.34
$13.36
50-Day Range
$12.51
MA: $12.99
$14.00
52-Week Range
$6.52
Now: $13.34
$16.55
Volume17,789 shs
Average Volume26,049 shs
Market Capitalization$140.52 million
P/E Ratio10.76
Dividend Yield4.32%
Beta0.94
Mackinac Financial Corporation operates as the bank holding company for mBank that provides commercial and retail banking products and services in the United States. It offers 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. The company provides loan products, including commercial loans to entities within real estate  operators of nonresidential buildings industry; consumer loan products comprising installment, mortgages, home equity loans, and residential mortgage loans; and commercial and governmental lease financing, as well as offers safe deposit facilities. It has 29 branch locations, including eleven in the Upper Peninsula, ten in the Northern Lower Peninsula, one in Oakland County, Michigan, and seven 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.
Mackinac Financial logo

MarketRank

Overall MarketRank

1.90 out of 5 stars

Finance Sector

323rd out of 1,934 stocks

State Commercial Banks Industry

69th out of 309 stocks

Analyst Opinion: 0.0Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:MFNC
CUSIPN/A
Phone888-343-8147
Employees319

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$70.34 million
Cash Flow$1.55 per share
Book Value$15.06 per share

Profitability

Net Income$13.85 million

Miscellaneous

Market Cap$140.52 million
Next Earnings Date2/3/2021 (Estimated)
OptionableNot Optionable
$13.34
+0.38 (+2.93 %)
(As of 01/22/2021 04:30 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MFNC stock has increased by 11.4% and is now trading at $13.34.
View which stocks have been most impacted by COVID-19
.

What stocks does MarketBeat like better than Mackinac Financial?

Wall Street analysts have given Mackinac Financial a "N/A" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Mackinac Financial wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Doug Parker's approval rating as Mackinac Financial's CEO?

1,448 employees have rated Mackinac Financial CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 60% among Mackinac Financial's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

When is Mackinac Financial's next earnings date?

Mackinac Financial is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Mackinac Financial
.

How were Mackinac Financial's earnings last quarter?

Mackinac Financial Co. (NASDAQ:MFNC) issued its quarterly earnings results on Thursday, October, 29th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The financial services provider had revenue of $16.17 million for the quarter, compared to the consensus estimate of $15.70 million. Mackinac Financial had a net margin of 18.27% and a return on equity of 8.14%.
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, December 15th. Shareholders of record on Monday, December 28th will be paid a dividend of $0.14 per share on Monday, January 11th. This represents a $0.56 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Thursday, December 24th.
View Mackinac Financial's dividend history
.

Is Mackinac Financial a good dividend stock?

Mackinac Financial pays an annual dividend of $0.56 per share and currently has a dividend yield of 4.32%. MFNC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Mackinac Financial does not yet have a strock track record of dividend growth. The dividend payout ratio of Mackinac Financial is 43.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Mackinac Financial will have a dividend payout ratio of 65.12% next year. This indicates that Mackinac Financial will be able to sustain or increase its dividend.
View Mackinac Financial's dividend history.

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), 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 69, Pay $511.61k)
  • Mr. Kelly W. George, Pres & Director (Age 52, Pay $514.81k)
  • Mr. Jesse A. Deering, Exec. VP & CFO (Age 40, Pay $297.24k)

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 many different institutional and retail investors. Top institutional shareholders include Detalus Advisors LLC (0.50%). Company insiders that own Mackinac Financial stock include David Russ Steinhardt, Jesse A Deering, Paul Davison Tobias and Randolph Clare Paschke.
View institutional ownership trends 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 Detalus Advisors LLC. Company insiders that have bought Mackinac Financial stock in the last two years include David Russ Steinhardt, Paul Davison Tobias, and Randolph Clare Paschke.
View insider buying and selling activity for Mackinac Financial
or or view top insider-buying stocks.

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 WeBull, 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 $13.34.

How big of a company is Mackinac Financial?

Mackinac Financial has a market capitalization of $140.52 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 319 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 1/22/2021 by MarketBeat.com Staff

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