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

Sign in or create an account to add this stock to your watchlist.
$13.60 +0.10 (+0.74 %)
(As of 12/16/2018 02:42 PM ET)
Previous Close$13.60
Today's Range$13.2396 - $13.64
52-Week Range$13.20 - $17.58
Volume2,128 shs
Average Volume9,886 shs
Market Capitalization$145.70 million
P/E Ratio11.33
Dividend Yield3.53%
Beta0.53
Mackinac 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.

Receive MFNC News and Ratings via Email

Sign-up to receive the latest news and ratings for MFNC and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio0.39
Current Ratio1.02
Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio11.33
Forward P/E Ratio11.93
P/E GrowthN/A

Sales & Book Value

Annual Sales$48.42 million
Price / Sales3.01
Cash Flow$1.5869 per share
Price / Cash Flow8.57
Book Value$12.93 per share
Price / Book1.05

Profitability

EPS (Most Recent Fiscal Year)$1.20
Net Income$5.47 million
Net Margins9.09%
Return on Equity7.91%
Return on Assets0.81%

Miscellaneous

Employees221
Outstanding Shares10,710,000
Market Cap$145.70 million
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 Tuesday, September 18th. Investors of record on Thursday, September 27th will be given a dividend of $0.12 per share on Monday, October 8th. This represents a $0.48 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Wednesday, September 26th. View Mackinac Financial's Dividend History.

How were Mackinac Financial's earnings last quarter?

Mackinac Financial Co. (NASDAQ:MFNC) announced its earnings results on Wednesday, October, 31st. The financial services provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The financial services provider had revenue of $14.51 million for the quarter, compared to the consensus estimate of $14.30 million. Mackinac Financial had a return on equity of 7.91% and a net margin of 9.09%. 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, February 14th 2019. View Earnings Estimates for Mackinac Financial.

What price target have analysts set for MFNC?

2 brokerages have issued 12-month price targets for Mackinac Financial's stock. Their forecasts range from $19.00 to $19.00. On average, they anticipate Mackinac Financial's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 39.7% from the stock's current price. View Analyst Price Targets 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." View Analyst Ratings for Mackinac Financial.

Has Mackinac Financial been receiving favorable news coverage?

News articles about MFNC stock have trended positive on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Mackinac Financial earned a daily sentiment score of 3.0 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an impact on the company's share price in the next several days.

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)
  • 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 number of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (3.97%), Vanguard Group Inc (3.60%), M3F Inc. (1.93%), Clover Partners L.P. (1.20%), Monashee Investment Management LLC (1.01%) and Raffles Associates LP (0.50%). Company insiders that own Mackinac Financial stock include Dennis Bittner and Jesse A Deering. View Institutional Ownership Trends for Mackinac Financial.

Which institutional investors are selling Mackinac Financial stock?

MFNC stock was sold by a variety of institutional investors in the last quarter, including Raffles Associates LP and M3F Inc.. Company insiders that have sold Mackinac Financial company stock in the last year include Dennis Bittner and Jesse A Deering. View Insider Buying and Selling 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 Monashee Investment Management LLC, Clover Partners L.P., Dimensional Fund Advisors LP, Renaissance Technologies LLC and Vanguard Group Inc. 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, Scottrade, Fidelity and Charles Schwab.

What is Mackinac Financial's stock price today?

One share of MFNC stock can currently be purchased for approximately $13.60.

How big of a company is Mackinac Financial?

Mackinac Financial has a market capitalization of $145.70 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.

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:  99 (Vote Outperform)
Underperform Votes:  93 (Vote Underperform)
Total Votes:  192
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 12/16/2018 by MarketBeat.com Staff

Featured Article: What is a Call Option?

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel