Mackinac Financial (MFNC) Set to Announce Quarterly Earnings on Wednesday

Mackinac Financial (NASDAQ:MFNC) is set to announce its earnings results on Wednesday, January 31st.

Mackinac Financial (NASDAQ:MFNC) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.33 EPS for the quarter. The business had revenue of $10.94 million during the quarter. Mackinac Financial had a return on equity of 9.06% and a net margin of 15.17%.

Shares of Mackinac Financial (NASDAQ:MFNC) opened at $16.27 on Wednesday. The company has a market capitalization of $102.45, a P/E ratio of 14.27 and a beta of 0.60. Mackinac Financial has a 12-month low of $12.82 and a 12-month high of $16.80. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.05 and a quick ratio of 1.05.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Thursday, December 28th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Wednesday, December 27th. Mackinac Financial’s dividend payout ratio (DPR) is presently 42.11%.

Separately, ValuEngine upgraded Mackinac Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

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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.

Earnings History for Mackinac Financial (NASDAQ:MFNC)

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