NASDAQ:MFNC - Mackinac Financial Stock Price, Price Target & More

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$17.25 -0.03 (-0.17 %)
(As of 07/15/2018 04:00 PM ET)
Previous Close$17.25
Today's Range$16.82 - $17.36
52-Week Range$13.69 - $17.58
Volume24,775 shs
Average Volume45,869 shs
Market Capitalization$146.38 million
P/E Ratio14.38
Dividend Yield2.78%
Beta0.49
Mackinac Financial logoMackinac Financial Corporation operates as the bank holding company for mBank that provides commercial and retail banking products and services in the United States. The company accepts 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. Its loan products include provides commercial loans to entities within real estate ? operators of nonresidential buildings industry; consumer loan products comprising installment, mortgages, and home equity loans, as well as residential mortgage loans; and commercial and governmental lease financing. The company also offers safe deposit facilities. As of March 27, 2018, it operated 12 branches in the Upper Peninsula; 4 branches in the Northern Lower Peninsula; 1 branch in Oakland County, Michigan; and 7 branches 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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:MFNC
CUSIPN/A
Phone888-343-8147

Debt

Debt-to-Equity Ratio0.98
Current Ratio1.05
Quick Ratio1.05

Price-To-Earnings

Trailing P/E Ratio14.38
Forward P/E Ratio14.38
P/E GrowthN/A

Sales & Book Value

Annual Sales$48.42 million
Price / Sales3.02
Cash Flow$1.5869 per share
Price / Cash10.87
Book Value$12.93 per share
Price / Book1.33

Profitability

EPS (Most Recent Fiscal Year)$1.20
Net Income$5.47 million
Net Margins10.86%
Return on Equity9.27%
Return on Assets0.76%

Miscellaneous

Employees221
Outstanding Shares8,490,000
Market Cap$146.38

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Mackinac Financial (NASDAQ:MFNC) Frequently Asked Questions

What is Mackinac Financial's stock symbol?

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

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

Mackinac Financial announced a quarterly dividend on Wednesday, June 20th. Investors of record on Friday, June 29th will be paid a dividend of $0.12 per share on Monday, July 16th. This represents a $0.48 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, June 28th. View Mackinac Financial's Dividend History.

How were Mackinac Financial's earnings last quarter?

Mackinac Financial Co. (NASDAQ:MFNC) issued its earnings results on Thursday, May, 3rd. The financial services provider reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The financial services provider earned $9.92 million during the quarter. Mackinac Financial had a net margin of 10.86% and a return on equity of 9.27%. View Mackinac Financial's Earnings History.

When is Mackinac Financial's next earnings date?

Mackinac Financial is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for Mackinac Financial.

What price target have analysts set for MFNC?

2 analysts have issued 12 month price objectives for Mackinac Financial's stock. Their forecasts range from $19.00 to $20.00. On average, they anticipate Mackinac Financial's stock price to reach $19.50 in the next year. This suggests a possible upside of 13.0% from the stock's current price. View Analyst Ratings for Mackinac Financial.

What is the consensus analysts' recommendation for Mackinac Financial?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mackinac Financial in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Who are some of Mackinac Financial's key competitors?

Who are Mackinac Financial's key executives?

Mackinac Financial's management team includes the folowing people:
  • Mr. Paul D. Tobias, Chairman & CEO (Age 67)
  • Mr. Kelly W. George, Pres & Director (Age 50)
  • Mr. Jesse A. Deering, Exec. VP & CFO (Age 38)
  • Mr. Jeremy W. Flodin, Sr. VP, Sr. Credit Administrator & Credit Risk Analyst
  • Mr. Andrew P. Sabatine, Regional Pres of Northern Lower Michigan - mBank

Has Mackinac Financial been receiving favorable news coverage?

Press coverage about MFNC stock has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mackinac Financial earned a news impact score of 0.07 on Accern's scale. They also gave media stories about the financial services provider an impact score of 47.53 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.

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, Scottrade, Fidelity and Charles Schwab.

What is Mackinac Financial's stock price today?

One share of MFNC stock can currently be purchased for approximately $17.25.

How big of a company is Mackinac Financial?

Mackinac Financial has a market capitalization of $146.38 million and generates $48.42 million in revenue each year. The financial services provider earns $5.47 million in net income (profit) each year or $1.20 on an earnings per share basis. Mackinac Financial employs 221 workers across the globe.

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]


MarketBeat Community Rating for Mackinac Financial (NASDAQ MFNC)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  77 (Vote Outperform)
Underperform Votes:  75 (Vote Underperform)
Total Votes:  152
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.
This page was last updated on 7/15/2018 by MarketBeat.com Staff

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