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NASDAQ:MFNC - Mackinac Financial Stock Price, Forecast & News

-0.28 (-1.78 %)
(As of 02/17/2020 10:07 AM ET)
Today's Range
Now: $15.46
50-Day Range
MA: $16.27
52-Week Range
Now: $15.46
Volume4,683 shs
Average Volume7,871 shs
Market Capitalization$166.20 million
P/E Ratio11.89
Dividend Yield3.62%
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. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Current SymbolNASDAQ:MFNC



Sales & Book Value

Annual Sales$70.34 million
Cash Flow$1.25 per share
Book Value$14.19 per share


Net Income$13.85 million


Market Cap$166.20 million
Next Earnings Date5/6/2020 (Estimated)
OptionableNot Optionable

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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 declared a quarterly dividend on Tuesday, December 17th. Shareholders of record on Friday, December 27th will be given a dividend of $0.14 per share on Friday, January 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Thursday, December 26th. This is a boost from Mackinac Financial's previous quarterly dividend of $0.12. View Mackinac Financial's Dividend History.

How were Mackinac Financial's earnings last quarter?

Mackinac Financial Co. (NASDAQ:MFNC) issued its quarterly earnings results on Wednesday, January, 29th. The financial services provider reported $0.31 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.34 by $0.03. The financial services provider earned $15.20 million during the quarter, compared to analysts' expectations of $15.10 million. Mackinac Financial had a return on equity of 8.88% and a net margin of 19.69%. 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 Wednesday, May 6th 2020. View Earnings Estimates for Mackinac Financial.

Has Mackinac Financial been receiving favorable news coverage?

News stories about MFNC stock have trended somewhat positive on Monday, according to InfoTrie. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mackinac Financial earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Mackinac Financial.

Are investors shorting Mackinac Financial?

Mackinac Financial saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 33,400 shares, a drop of 28.0% from the January 15th total of 46,400 shares. Based on an average daily volume of 14,900 shares, the short-interest ratio is currently 2.2 days. Approximately 0.4% of the shares of the company are sold short. 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?

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 institutional and retail investors. Top institutional shareholders include EJF Capital LLC (4.96%), State Street Corp (1.32%), Renaissance Technologies LLC (0.81%), Bank of New York Mellon Corp (0.65%), Southside Capital LLC (0.52%) and Raffles Associates LP (0.45%). 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 selling Mackinac Financial stock?

MFNC stock was sold by a variety of institutional investors in the last quarter, including Southside Capital LLC, Raffles Associates LP, Blair William & Co. IL and Minerva Advisors LLC. View Insider Buying and Selling for Mackinac Financial.

Which major investors are buying Mackinac Financial stock?

MFNC stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, State Street Corp, Panagora Asset Management Inc., Renaissance Technologies LLC, EJF Capital LLC, Strs Ohio, Barclays PLC and LSV Asset Management. View Insider Buying and Selling 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 $15.46.

How big of a company is Mackinac Financial?

Mackinac Financial has a market capitalization of $166.20 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.View Additional Information About Mackinac Financial.

What is Mackinac Financial's official website?

The official website for Mackinac Financial is http://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]

MarketBeat Community Rating for Mackinac Financial (NASDAQ MFNC)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  156 (Vote Outperform)
Underperform Votes:  145 (Vote Underperform)
Total Votes:  301
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 2/17/2020 by MarketBeat.com Staff

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