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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:MFNC
CUSIPN/A
Phone888-343-8147
Debt
Debt-to-Equity Ratio0.62
Current Ratio1.05
Quick Ratio1.05
Price-To-Earnings
Trailing P/E Ratio13.58
Forward P/E Ratio14.99
P/E GrowthN/A
Sales & Book Value
Annual Sales$48.42 million
Price / Sales3.65
Cash Flow$1.6010 per share
Price / Cash10.30
Book Value$12.93 per share
Price / Book1.28
Profitability
EPS (Most Recent Fiscal Year)$1.20
Net Income$5.47 million
Net Margins7.88%
Return on Equity7.97%
Return on Assets0.74%
Miscellaneous
Employees221
Outstanding Shares10,710,000
Market Cap$175.05 million
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, September 18th. Stockholders of record on Thursday, September 27th will be paid a dividend of $0.12 per share on Monday, October 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.91%. 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 quarterly earnings results on Thursday, August, 2nd. The financial services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.30 by $0.05. The financial services provider earned $11.68 million during the quarter, compared to analysts' expectations of $11 million. Mackinac Financial had a net margin of 7.88% and a return on equity of 7.97%. View Mackinac Financial's Earnings History.
When is Mackinac Financial's next earnings date?
What price target have analysts set for MFNC?
2 brokerages have issued twelve-month price targets for Mackinac Financial's stock. Their predictions 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 15.2% 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.
Who are some of Mackinac Financial's key competitors?
Some companies that are related to Mackinac Financial include Fidelity Southern (LION), Blue Hills Bancorp (BHBK), Peoples Utah Bancorp (PUB), QCR (QCRH), Heritage Commerce (HTBK), HarborOne Bancorp (HONE), Equity BancShares (EQBK), Luther Burbank (LBC), First Financial (THFF), First Mid-Illinois Bancshares (FMBH), Bank of Marin Bancorp (BMRC), Allegiance Bancshares (ABTX), Franklin Financial Network (FSB), Independent Bank Co.(MI) (IBCP) and Mercantile Bank (MBWM).
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 many different of retail and institutional investors. Top institutional investors include EJF Capital LLC (5.75%), Dimensional Fund Advisors LP (4.90%), Gendell Jeffrey L (3.11%), M3F Inc. (2.53%), Clarkston Capital Partners LLC (2.39%) and Raffles Associates LP (0.79%). 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. 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 bought by a variety of institutional investors in the last quarter, including EJF Capital LLC, M3F Inc., Gendell Jeffrey L, Dimensional Fund Advisors LP, Renaissance Technologies LLC, Minerva Advisors LLC, ELCO Management Co. LLC and Courier Capital LLC. 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 $16.49.
How big of a company is Mackinac Financial?
Mackinac Financial has a market capitalization of $175.05 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?
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.
