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NASDAQ:MFNCMackinac Financial Stock Price, Forecast & News

$10.75
+0.64 (+6.33 %)
(As of 06/5/2020 02:35 PM ET)
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Compare
Today's Range
$10.53
Now: $10.75
$11.09
50-Day Range
$8.70
MA: $9.71
$11.01
52-Week Range
$6.52
Now: $10.75
$17.75
Volume614 shs
Average Volume17,828 shs
Market Capitalization$113.20 million
P/E Ratio8.40
Dividend Yield5.39%
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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Mackinac Financial logo

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$1.62 per share
Book Value$15.06 per share

Profitability

Net Income$13.85 million

Miscellaneous

Employees294
Market Cap$113.20 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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MFNC stock has decreased by 10.3% and is now trading at $10.75. 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 data on Thursday, April, 30th. The financial services provider reported $0.28 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.28 by $0.00. The financial services provider had revenue of $15.33 million for the quarter, compared to the consensus estimate of $14.20 million. Mackinac Financial had a net margin of 19.35% and a return on equity of 8.67%. 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. Investors 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 dividend on an annualized basis and a yield of 5.21%. 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?

Press coverage about MFNC stock has been trending extremely positive recently, InfoTrie reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Mackinac Financial earned a news impact score of 4.3 on InfoTrie's scale. They also gave media 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 effect on the company's share price in the near future. View the latest news aboutMackinac Financial.

Are investors shorting Mackinac Financial?

Mackinac Financial saw a drop in short interest in 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 volume of 23,300 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.4% of the shares of the stock 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?

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 $10.75.

How big of a company is Mackinac Financial?

Mackinac Financial has a market capitalization of $113.20 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.

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 6/5/2020 by MarketBeat.com Staff

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