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.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Phone888-343-8147
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$59.64 million
Profitability
Miscellaneous
Employees294
Next Earnings Date5/2/2019 (Estimated)
OptionableNot Optionable
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, March 27th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.12 per share on Thursday, April 18th. This represents a $0.48 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Tuesday, April 9th. View Mackinac Financial's Dividend History.
How were Mackinac Financial's earnings last quarter?
Mackinac Financial Co. (NASDAQ:MFNC) released its quarterly earnings data on Thursday, January, 31st. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.05. The financial services provider earned $15.24 million during the quarter, compared to the consensus estimate of $15.10 million. Mackinac Financial had a net margin of 14.03% and a return on equity of 8.12%. View Mackinac Financial's Earnings History.
When is Mackinac Financial's next earnings date?
What price target have analysts set for MFNC?
1 equities research analysts have issued 12-month price objectives for Mackinac Financial's shares. Their forecasts range from $19.00 to $19.00. On average, they anticipate Mackinac Financial's share price to reach $19.00 in the next year. This suggests a possible upside of 20.6% from the stock's current price. View Analyst Price Targets for Mackinac Financial.
What is the consensus analysts' recommendation for Mackinac Financial?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mackinac Financial in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mackinac Financial.
Has Mackinac Financial been receiving favorable news coverage?
News headlines about MFNC stock have trended somewhat positive recently, according to InfoTrie. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mackinac Financial earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the company's share price in the next several days.
Who are some of Mackinac Financial's key competitors?
Some companies that are related to Mackinac Financial include Customers Bancorp (CUBI), Blue Hills Bancorp (BHBK), Flushing Financial (FFIC), Live Oak Bancshares (LOB), Midland States Bancorp (MSBI), Peoples Bancorp (PEBO), First Foundation (FFWM), Guaranty Bancorp (GBNK), HarborOne Bancorp (HONE), Luther Burbank (LBC), Bank of Marin Bancorp (BMRC), First Mid-Illinois Bancshares (FMBH), Mercantile Bank (MBWM), Heritage Commerce (HTBK) and First Community Bankshares (FCBC).
What other stocks do shareholders of Mackinac Financial own?
Who are Mackinac Financial's key executives?
Mackinac Financial's management team includes the folowing 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
Who are Mackinac Financial's major shareholders?
Mackinac Financial's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Clarkston Capital Partners LLC (1.94%) and Tibra Equities Europe Ltd (0.19%). Company insiders that own Mackinac Financial stock include Dennis Bittner and Jesse A Deering. View Institutional Ownership Trends for Mackinac Financial.
Which major investors are buying Mackinac Financial stock?
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 $15.75.
How big of a company is Mackinac Financial?
Mackinac Financial has a market capitalization of $169.03 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.
What is Mackinac Financial's official website?
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)
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.
