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

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$16.70 -0.12 (-0.71 %)
(As of 06/18/2018 11:54 AM ET)
Previous Close$16.70
Today's Range$16.70 - $16.70
52-Week Range$13.51 - $17.10
Volume300 shs
Average Volume42,146 shs
Market Capitalization$106.51 million
P/E Ratio13.90
Dividend Yield2.85%
Beta0.49

About Mackinac Financial (NASDAQ:MFNC)

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

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 Ratio13.90
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$48.42 million
Price / Sales2.18
Cash Flow$1.5755 per share
Price / Cash10.60
Book Value$12.93 per share
Price / Book1.29

Profitability

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

Miscellaneous

Employees221
Outstanding Shares6,330,000

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 Wednesday, March 28th. Stockholders of record on Tuesday, April 10th will be given a dividend of $0.12 per share on Wednesday, April 18th. This represents a $0.48 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Monday, April 9th. View Mackinac Financial's Dividend History.

How were Mackinac Financial's earnings last quarter?

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

1 analysts have issued 1-year price targets for Mackinac Financial's stock. Their predictions range from $19.00 to $19.00. On average, they expect Mackinac Financial's stock price to reach $19.00 in the next twelve months. View Analyst Ratings for Mackinac Financial.

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?

Media coverage about MFNC stock has trended positive recently, according to Accern. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Mackinac Financial earned a news impact score of 0.26 on Accern's scale. They also assigned news stories about the financial services provider an impact score of 47.13 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Who are Mackinac Financial's major shareholders?

Mackinac Financial's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (5.69%), Banc Funds Co. LLC (2.61%) and Gendell Jeffrey L (2.45%). 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 Banc Funds Co. LLC. 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 major investors are buying Mackinac Financial stock?

MFNC stock was acquired by a variety of institutional investors in the last quarter, including Gendell Jeffrey L and Dimensional Fund Advisors LP. 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 $16.70.

How big of a company is Mackinac Financial?

Mackinac Financial has a market capitalization of $106.51 million and generates $48.42 million in revenue each year. 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 (MFNC)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  74 (Vote Outperform)
Underperform Votes:  71 (Vote Underperform)
Total Votes:  145
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 6/18/2018 by MarketBeat.com Staff

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