Mackinac Financial Corporation (MFNC) Set to Announce Earnings on Wednesday
Mackinac Financial Corporation (NASDAQ:MFNC) will be posting its quarterly earnings results on Wednesday, November 1st.
Mackinac Financial Corporation (NASDAQ:MFNC) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter. The firm had revenue of $10.11 million for the quarter. Mackinac Financial Corporation had a net margin of 14.88% and a return on equity of 8.79%. On average, analysts expect Mackinac Financial Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Mackinac Financial Corporation (NASDAQ:MFNC) opened at 15.76 on Wednesday. The stock has a market capitalization of $99.19 million, a PE ratio of 14.35 and a beta of 0.65. The stock’s 50 day moving average is $15.39 and its 200 day moving average is $14.35. Mackinac Financial Corporation has a 12 month low of $11.14 and a 12 month high of $16.80.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 22nd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Thursday, September 21st. Mackinac Financial Corporation’s dividend payout ratio is currently 44.04%.
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Several research firms have recently weighed in on MFNC. TheStreet raised shares of Mackinac Financial Corporation from a “c+” rating to a “b-” rating in a research note on Friday, July 28th. ValuEngine downgraded shares of Mackinac Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 7th.
Mackinac Financial Corporation Company Profile
Mackinac Financial Corporation is a bank holding Company of mBank (the Bank). The Company, through the Bank, is engaged in the general commercial banking business. The Bank provides a range of loan and deposit products. These banking services include customary retail and commercial banking services, including checking and savings accounts, time deposits, interest bearing transaction accounts, safe deposit facilities, real estate mortgage lending, commercial lending, commercial and governmental lease financing, and direct and indirect consumer financing.
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