Mackinac Financial logo

MFNC - Mackinac Financial Share Price

$9.54 0.5  5.1%

Last Trade - 10/07/20

Sector
Financials
Size
Small Cap
Market Cap £75.9m
Enterprise Value £19.7m
Revenue £48.3m
Position in Universe 4208th / 6345
Bullish
Bearish
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Momentum
Relative Strength (%)
1m -16.2%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -48.8%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Dec 2014 2015 2016 2017 2018 2019 2020E 2021E CAGR / Avg
26.6 33.0 37.3 42.0 51.4 59.9 62.1 59.6 +17.6%
-43.4 +58.2 +16.9 +14.3 +0.6 +7.4 -13.4 -15.7
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the three months ended 31 March 2020, Mackinac Financial Corporation interest income decreased 1% to $15.7M. Net interest income after loan loss provision increased 1% to $13.3M. Net income decreased 4% to $3.1M. Net interest income after loan loss provision reflects Net Interest Margin - Total - % increase of 1% to 4.63%, Net Interest Spread - Total - % increase of 1% to 4.35%.
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
Distress
Cautious
Safe
Earnings Manipulation Risk(M-Score)
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Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Latest News & Insights for MFNC
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2020
31st Dec 2021
Est. Long Term Growth Rate: Net Profit
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Consensus Estimate
1m Change
3m Change
Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2019 /  2020
MFNC EPS Forecasts Unlock MFNC Revenue
Profile Summary

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. The funds for the Bank's operation are also provided by brokered deposits and through borrowings from the Federal Home Loan Bank (FHLB) system, proceeds from the sale of loans and mortgage-backed and other securities, funds from repayment of outstanding loans and earnings from operations. The Bank has over 13 branch offices located in the Upper Peninsula of Michigan and four branch offices located in Michigan's Lower Peninsula.

Directors
Last Annual December 31st, 2019
Last Interim March 31st, 2020
Incorporated December 6, 1974
Public Since December 15, 1998
No. of Shareholders: 1,600
No. of Employees: 314
Sector Financials
Industry Banking Services
Index Nasdaq Composite ,
Exchange NASDAQ Capital Market
Shares in Issue 10,533,589
Free Float (0.0%)
Eligible for
ISAs
SIPPs
MFNC Share Price Performance
Share Price
Bid - Ask
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Day's Change
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Latest News for MFNC
Upcoming Events for MFNC
Frequently Asked Questions for Mackinac Financial
What is the Mackinac Financial share price?

As of 10/07/20, shares in Mackinac Financial are trading at $9.54, giving the company a market capitalisation of £75.9m. This share price information is delayed by 15 minutes.

How has the Mackinac Financial share price performed this year?

Shares in Mackinac Financial are currently trading at $9.54 and the price has moved by -42.13% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Mackinac Financial price has moved by -45.23% over the past year.

What are the analyst and broker recommendations for Mackinac Financial?

Of the analysts with advisory recommendations for Mackinac Financial, there are there are currently 0 "buy" , 0 "hold" and 0 "sell" recommendations. The overall consensus recommendation for Mackinac Financial is Buy. You can view the full broker recommendation list by unlocking its StockReport.

When will Mackinac Financial next release its financial results?

Mackinac Financial is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-03-31
What is the Mackinac Financial dividend yield?

The Mackinac Financial dividend yield is 5.95% based on the trailing twelve month period.

Does Mackinac Financial pay a dividend?

Last year, Mackinac Financial paid a total dividend of 0.54, and it currently has a trailing dividend yield of 5.95%. Looking ahead, Mackinac Financial has not announced an ex-dividend date yet and the next dividend pay date is 2020-07-20.

When does Mackinac Financial next pay dividends?

Mackinac Financial has yet to annouce their ex-dividend date and the next dividend pay date is 2020-07-20. The historic dividend yield on Mackinac Financial shares is currently 5.95%.

How do I buy Mackinac Financial shares?

To buy shares in Mackinac Financial you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Mackinac Financial?

Shares in Mackinac Financial are currently trading at $9.54, giving the company a market capitalisation of £75.9m.

Where are Mackinac Financial shares listed? Where are Mackinac Financial shares listed?

Here are the trading details for Mackinac Financial:

Country of listing: United States
Exchange: NAQ
Ticker Symbol: MFNC
What kind of share is Mackinac Financial?

Based on an overall assessment of its quality, value and momentum, Mackinac Financial is currently classified as a Style Neutral. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Mackinac Financial share price forecast 2020?

Shares in Mackinac Financial are currently priced at $9.54. At that level they are trading at 45.93% discount to the analyst consensus target price of 0.00.

Analysts covering Mackinac Financial currently have a consensus Earnings Per Share (EPS) forecast of 1.115 for the next financial year.

How can I tell whether the Mackinac Financial share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Mackinac Financial. Over the past six months, the relative strength of its shares against the market has been -43.43%. At the current price of $9.54, shares in Mackinac Financial are trading at -31.71% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Mackinac Financial PE Ratio?

The Mackinac Financial PE ratio based on its reported earnings over the past 12 months is 7.12. The shares are currently trading at $9.54.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of Mackinac Financial?

Mackinac Financial's management team is headed by:

Dennis Bittner - IND
Robert Orley - IND
Walter Aspatore - LED
Paul Tobias - CHM
Kelly George - PRE
Joseph Garea - IND
Robert Mahaney - DRC
Jesse Deering - CFO
Who are the major shareholders of Mackinac Financial?

Here are the top five shareholders of Mackinac Financial based on the size of their shareholding:

Steinhardt Management Company Investment Advisor
Percentage owned: 9.92% (1.04m shares)
EJF Capital LLC Hedge Fund
Percentage owned: 5.06% (533k shares)
Manulife Investment Management (US) LLC Investment Advisor
Percentage owned: 4.35% (458k shares)
Dimensional Fund Advisors, L.P. Investment Advisor/Hedge Fund
Percentage owned: 4.22% (445k shares)
FJ Capital Management, LLC Investment Advisor
Percentage owned: 4.18% (440k shares)
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