Mackinac Financial (NASDAQ:MFNC) will issue its quarterly earnings data on Tuesday, April 24th.
Mackinac Financial (NASDAQ:MFNC) last issued its earnings results on Thursday, February 8th. The financial services provider reported $0.33 EPS for the quarter. Mackinac Financial had a return on equity of 9.31% and a net margin of 11.32%. The business had revenue of $10.98 million for the quarter.
Shares of MFNC opened at $16.07 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.98. Mackinac Financial has a 12 month low of $13.16 and a 12 month high of $16.80. The firm has a market cap of $104.53, a price-to-earnings ratio of 13.26 and a beta of 0.48.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 18th. Shareholders of record on Tuesday, April 10th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, April 9th. This represents a $0.48 annualized dividend and a yield of 2.99%.
MFNC has been the topic of several recent analyst reports. ValuEngine upgraded Mackinac Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Hovde Group initiated coverage on Mackinac Financial in a report on Tuesday, April 3rd. They set an “outperform” rating and a $19.00 price target on the stock.
In other news, Director Dennis Bittner sold 2,600 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $16.10, for a total transaction of $41,860.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 24.15% of the stock is owned by corporate insiders.
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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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