News coverage about Mackinac Financial (NASDAQ:MFNC) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Mackinac Financial earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.8007139068904 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Separately, ValuEngine raised Mackinac Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th.
Shares of Mackinac Financial (NASDAQ MFNC) remained flat at $$16.00 during trading on Tuesday. 2,483 shares of the company’s stock traded hands, compared to its average volume of 4,540. Mackinac Financial has a twelve month low of $12.78 and a twelve month high of $16.80. The firm has a market cap of $100.72, a price-to-earnings ratio of 13.68 and a beta of 0.60. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 1.05.
Mackinac Financial (NASDAQ:MFNC) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $0.33 earnings per share (EPS) for the quarter. Mackinac Financial had a return on equity of 9.06% and a net margin of 15.17%. The firm had revenue of $10.94 million for the quarter.
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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.
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