Financial Survey: 1st United Bancorp Inc (Florida) (FUBC) vs. Mackinac Financial (MFNC)

1st United Bancorp Inc (Florida) (NASDAQ: FUBC) and Mackinac Financial (NASDAQ:MFNC) are both small-cap financials companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, risk, earnings, dividends, valuation, profitability and analyst recommendations.

Insider & Institutional 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, endowments and hedge funds believe a company is poised for long-term growth.

Earnings & Valuation

This table compares 1st United Bancorp Inc (Florida) and Mackinac Financial’s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
1st United Bancorp Inc (Florida) N/A N/A N/A $0.24 N/A
Mackinac Financial $42.14 million 2.37 $4.48 million $1.14 13.95

Mackinac Financial has higher revenue and earnings than 1st United Bancorp Inc (Florida). 1st United Bancorp Inc (Florida) is trading at a lower price-to-earnings ratio than Mackinac Financial, indicating that it is currently the more affordable of the two stocks.

Dividends

Mackinac Financial pays an annual dividend of $0.48 per share and has a dividend yield of 3.0%. 1st United Bancorp Inc (Florida) does not pay a dividend. Mackinac Financial pays out 42.1% of its earnings in the form of a dividend.

Profitability

This table compares 1st United Bancorp Inc (Florida) and Mackinac Financial’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
1st United Bancorp Inc (Florida) N/A N/A N/A
Mackinac Financial 15.17% 9.06% 0.73%

Analyst Recommendations

This is a summary of current ratings and recommmendations for 1st United Bancorp Inc (Florida) and Mackinac Financial, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
1st United Bancorp Inc (Florida) 0 0 0 0 N/A
Mackinac Financial 0 0 0 0 N/A

Summary

Mackinac Financial beats 1st United Bancorp Inc (Florida) on 8 of the 9 factors compared between the two stocks.

About 1st United Bancorp Inc (Florida)

1st United Bancorp, Inc. (Bancorp) is a financial holding company. 1st United Bank, a Florida state chartered bank, is Bancorp’s wholly owned subsidiary. The Company offers its customers, professionals, high net-worth individuals and small and medium-sized businesses, a variety of traditional loan, deposit and cash management products. As of December 31, 2010, Bancorp operated banking center from 15 locations consisting of four banking centers in Palm Beach County, four banking centers in Broward County, four banking centers in Miami-Dade County, and one banking center each in Sebastian, Vero Beach and Barefoot Bay, Florida. As of December 31, 2010, the total assets of Bancorp were at 1.268 billion and the total loans of the Company were at $847.7 million. In July 2013, 1st United Bancorp Inc completed its acquisition by merger of Enterprise Bancorp Inc (EBI) and its wholly owned subsidiary Enterprise Bank of Florida.

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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