Head to Head Comparison: West Coast Bancorp (WCBO) versus Mackinac Financial (MFNC)
West Coast Bancorp (NASDAQ: WCBO) and Mackinac Financial (NASDAQ:MFNC) are both financials companies, but which is the better investment? We will contrast the two businesses based on the strength of their profitability, dividends, institutional ownership, risk, valuation, analyst recommendations and earnings.
Institutional and Insider Ownership
28.4% of Mackinac Financial shares are held by institutional investors. 24.2% of Mackinac Financial shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Mackinac Financial pays an annual dividend of $0.48 per share and has a dividend yield of 3.0%. West Coast Bancorp does not pay a dividend. Mackinac Financial pays out 42.1% of its earnings in the form of a dividend.
This table compares West Coast Bancorp and Mackinac Financial’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|West Coast Bancorp||N/A||N/A||N/A|
This is a summary of recent recommendations and price targets for West Coast Bancorp and Mackinac Financial, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|West Coast Bancorp||0||0||0||0||N/A|
Earnings and Valuation
This table compares West Coast Bancorp and Mackinac Financial’s revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|West Coast Bancorp||N/A||N/A||N/A||$1.08||N/A|
|Mackinac Financial||$42.14 million||2.38||$4.48 million||$1.14||13.99|
Mackinac Financial has higher revenue and earnings than West Coast Bancorp. West Coast Bancorp is trading at a lower price-to-earnings ratio than Mackinac Financial, indicating that it is currently the more affordable of the two stocks.
Mackinac Financial beats West Coast Bancorp on 8 of the 9 factors compared between the two stocks.
About West Coast Bancorp
West Coast Bancorp (Bancorp) is a bank holding company. Bancorp’s principal business activities are conducted through its full-service, commercial bank subsidiary, West Coast Bank (the Bank), an Oregon state-chartered bank. As of December 31, 2011, the Bank had facilities in 41 cities and towns in western Oregon and southwestern Washington, operating a total of 55 full-service and five limited-service branches and a Small Business Administration (SBA) lending office in Vancouver, Washington. Bancorp operates in two segments: West Coast Bank and West Coast Trust and parent company related operations. For consumer banking customers, the Bank offers a variety of checking and savings accounts, check cards, and competitive borrowing products.In April 2013, Columbia Banking System Inc announced the completion of acquisition of West Coast Bancorp, the parent company of West Coast Bank.
About Mackinac Financial
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. The funds for the Bank’s operation are also provided by brokered deposits and through borrowings from the Federal Home Loan Bank (FHLB) system, proceeds from the sale of loans and mortgage-backed and other securities, funds from repayment of outstanding loans and earnings from operations. The Bank has over 13 branch offices located in the Upper Peninsula of Michigan and four branch offices located in Michigan’s Lower Peninsula.
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