News headlines about Mackinac Financial (NASDAQ:MFNC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mackinac Financial earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 47.0811305420482 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Separately, ValuEngine raised Mackinac Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.
Mackinac Financial (NASDAQ:MFNC) traded up $0.16 during trading on Friday, reaching $15.90. The company’s stock had a trading volume of 595 shares, compared to its average volume of 3,233. Mackinac Financial has a 12 month low of $12.82 and a 12 month high of $16.80. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $100.09, a P/E ratio of 13.95 and a beta of 0.60.
Mackinac Financial (NASDAQ:MFNC) last released its earnings results on Wednesday, November 1st. The financial services provider reported $0.33 EPS for the quarter. Mackinac Financial had a return on equity of 9.06% and a net margin of 15.17%. The company had revenue of $10.94 million during the quarter.
The company also recently declared 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 3.02%. The ex-dividend date of this dividend was Wednesday, December 27th. Mackinac Financial’s dividend payout ratio is currently 42.11%.
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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