NASDAQ:MFNCMackinac Financial Stock Price, Forecast & News

Mackinac Financial's stock was trading at $11.98 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MFNC shares have decreased by 15.9% and is now trading at $10.08. 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) posted its earnings results on Thursday, April, 30th. The financial services provider reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.00. The financial services provider had revenue of $15.33 million for the quarter, compared to analysts' expectations of $14.20 million. Mackinac Financial had a return on equity of 8.67% and a net margin of 19.35%. View Mackinac Financial's earnings history.

Mackinac Financial declared a quarterly dividend on Thursday, April 2nd. Shareholders 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 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Tuesday, April 14th. View Mackinac Financial's dividend history.

News articles about MFNC stock have trended somewhat negative recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Mackinac Financial earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near future. View the latest news aboutMackinac Financial.

Mackinac Financial saw a decrease in short interest during the month of 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 short sold. View Mackinac Financial's Current Options Chain.

Some companies that are related to Mackinac Financial include Peoples Utah Bancorp (PUB), Century Bancorp (CNBKA), First Community Bankshares (FCBC), Mercantile Bank (MBWM), Franklin Financial Network (FSB), Midland States Bancorp (MSBI), Customers Bancorp (CUBI), HBT Financial (HBT), Capital City Bank Group (CCBG), Farmers National Banc (FMNB), Flushing Financial (FFIC), MidWestOne Financial Group (MOFG), Independent Bank Co.(MI) (IBCP), Cambridge Bancorp (CATC) and Sierra Bancorp (BSRR). 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 many different 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.

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 acquired 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 $10.08.

Mackinac Financial has a market capitalization of $106.14 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]