NASDAQ:MFNCMackinac Financial Stock Price, Forecast & News

Mackinac Financial's stock was trading at $11.98 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MFNC stock has decreased by 15.6% and is now trading at $10.11. View which stocks have been most impacted by Coronavirus.

Mackinac Financial is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Mackinac Financial.

Mackinac Financial Co. (NASDAQ:MFNC) announced its earnings results on Thursday, April, 30th. The financial services provider reported $0.28 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.28 by $0.00. The financial services provider earned $15.33 million during the quarter, compared to analysts' expectations 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.

Mackinac Financial announced a quarterly dividend on Thursday, April 2nd. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.14 per share on Friday, April 24th. This represents a $0.56 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend is Tuesday, April 14th. View Mackinac Financial's dividend history.

News headlines about MFNC stock have been trending negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. 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 media sentiment score of -2.7 on InfoTrie's scale. They also gave news headlines 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 impact on the stock's share price in the next several days. View the latest news aboutMackinac Financial.

Mackinac Financial saw a decrease in short interest in May. As of May 15th, there was short interest totaling 38,500 shares, a decrease of 16.8% from the April 30th total of 46,300 shares. Based on an average trading volume of 23,300 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.4% of the company's stock are sold short. View Mackinac Financial's Current Options Chain.

Some companies that are related to Mackinac Financial include First Community Bankshares (FCBC), Franklin Financial Network (FSB), Mercantile Bank (MBWM), HBT Financial (HBT), Customers Bancorp (CUBI), Capital City Bank Group (CCBG), Midland States Bancorp (MSBI), Farmers National Banc (FMNB), Flushing Financial (FFIC), MidWestOne Financial Group (MOFG), Independent Bank Co.(MI) (IBCP), Business First Bancshares (BFST), West Bancorporation (WTBA), Red River Bancshares (RRBI) and Cambridge Bancorp (CATC). View all competitors.

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).

Mackinac Financial trades on the NASDAQ under the ticker symbol "MFNC."

Mackinac Financial's stock is owned by a number of institutional and retail 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.

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.

MFNC stock was purchased 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.

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.

One share of MFNC stock can currently be purchased for approximately $10.11.

Mackinac Financial has a market capitalization of $106.50 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.

The official website for Mackinac Financial is www.bankmbank.com.

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]