Mackinac Financial Corporation (MFNC) Posts Quarterly Earnings Results
Mackinac Financial Corporation (NASDAQ:MFNC) posted its earnings results on Wednesday. The financial services provider reported $0.33 EPS for the quarter, Bloomberg Earnings reports. Mackinac Financial Corporation had a return on equity of 9.14% and a net margin of 15.17%. The company had revenue of $10.94 million for the quarter.
Mackinac Financial Corporation (MFNC) traded up $0.59 during trading on Friday, hitting $15.94. The stock had a trading volume of 3,208 shares, compared to its average volume of 3,518. The company has a market capitalization of $96.65 million, a price-to-earnings ratio of 13.12 and a beta of 0.62.
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MFNC has been the topic of several research reports. ValuEngine downgraded Mackinac Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. TheStreet raised Mackinac Financial Corporation from a “c+” rating to a “b-” rating in a research report on Friday, July 28th.
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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