Media headlines about Mackinac Financial (NASDAQ:MFNC) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mackinac Financial earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 47.6171955349917 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of research firms have recently weighed in on MFNC. TheStreet cut shares of Mackinac Financial from a “b” rating to a “c+” rating in a research note on Friday, August 3rd. Piper Jaffray Companies began coverage on shares of Mackinac Financial in a research note on Wednesday, June 20th. They set an “overweight” rating and a $20.00 price target on the stock.
Shares of Mackinac Financial traded down $0.10, reaching $15.91, on Friday, MarketBeat reports. 25,268 shares of the company were exchanged, compared to its average volume of 15,922. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.98. Mackinac Financial has a 1-year low of $13.91 and a 1-year high of $17.58. The stock has a market cap of $135.86 million, a PE ratio of 13.26 and a beta of 0.47.
Mackinac Financial (NASDAQ:MFNC) last posted its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.05). Mackinac Financial had a return on equity of 9.59% and a net margin of 7.88%. The company had revenue of $11.68 million for the quarter, compared to analyst estimates of $11.00 million. equities analysts anticipate that Mackinac Financial will post 1.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 16th. Stockholders of record on Friday, June 29th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, June 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.02%. Mackinac Financial’s dividend payout ratio (DPR) is presently 40.00%.
Mackinac Financial Company Profile
Mackinac Financial Corporation operates as the bank holding company for mBank that provides commercial and retail banking products and services in the United States. The company accepts interest bearing and non-interest bearing accounts, such as commercial and retail checking accounts, negotiable order of withdrawal accounts, money market accounts, individual retirement accounts, regular interest-bearing statement savings accounts, certificates of deposit, time deposits, and interest bearing transaction accounts.
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