Mackinac Financial (MFNC) to Release Quarterly Earnings on Wednesday

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

Mackinac Financial (NASDAQ:MFNC) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.33 earnings per share for the quarter. The company 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 (MFNC) opened at $16.54 on Tuesday. The firm has a market capitalization of $102.73, a PE ratio of 14.51 and a beta of 0.60. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.05 and a quick ratio of 1.05. Mackinac Financial has a one year low of $12.82 and a one year high of $16.80.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Thursday, December 28th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $0.48 annualized dividend and a yield of 2.90%. Mackinac Financial’s dividend payout ratio is currently 42.11%.

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

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Mackinac Financial 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.

Earnings History for Mackinac Financial (NASDAQ:MFNC)

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