Mackinac Financial (MFNC) Earning Somewhat Favorable Press Coverage, Report Finds

News coverage about Mackinac Financial (NASDAQ:MFNC) has trended somewhat positive on Thursday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mackinac Financial earned a news impact score of 0.07 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.5696787002328 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of brokerages have recently weighed in on MFNC. Hovde Group began coverage on shares of Mackinac Financial in a report on Tuesday, April 3rd. They set an “outperform” rating and a $19.00 price target for the company. ValuEngine downgraded shares of Mackinac Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 7th.

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NASDAQ:MFNC traded up $0.17 on Thursday, hitting $16.02. The company had a trading volume of 191 shares, compared to its average volume of 7,904. The company has a market cap of $103.03, a price-to-earnings ratio of 13.07 and a beta of 0.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.05 and a quick ratio of 1.05. Mackinac Financial has a 52 week low of $13.16 and a 52 week high of $16.80.

Mackinac Financial (NASDAQ:MFNC) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.33 EPS for the quarter. The business had revenue of $10.98 million during the quarter. Mackinac Financial had a net margin of 11.32% and a return on equity of 9.31%.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 18th. Investors of record on Tuesday, April 10th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Monday, April 9th.

In related news, Director Dennis Bittner sold 2,600 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $16.10, for a total value of $41,860.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.15% of the stock is owned by corporate insiders.

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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.

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