How to buy Mackinac Financial Corporation (MFNC) stock

Mackinac Financial Corporation is a banks-regional business based in the US. Mackinac Financial Corporation shares (MFNC) are listed on the NASDAQ and all prices are listed in US Dollars. Mackinac Financial Corporation employs 310 staff and has a trailing 12-month revenue of around 0.00.

Mackinac Financial Corporation stock price (NASDAQ: MFNC)

Use our graph to track the performance of MFNC stocks over time.

Mackinac Financial Corporation shares at a glance

• Key figures

Information last updated 2021-07-23.

Latest market close	$21.68
52-week range	$8.63 - $22.03
50-day moving average	$20.21
200-day moving average	$17.24
Wall St. target price	$16.00
PE ratio	14.5803
Dividend yield	$0.56 (2.78%)
Earnings per share (TTM)	$1.36

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Is it a good time to buy Mackinac Financial Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Mackinac Financial Corporation by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Mackinac Financial Corporation price performance over time

Historical closes compared with the close of $21.68 from 2021-05-28

1 week (2021-07-15)	N/A
1 month (2021-06-25)	9.11%
3 months (2021-04-26)	0.37%
6 months (2021-01-22)	N/A

1 year (2020-07-22)	N/A
2 years (2019-07-22)	N/A
3 years (2018-07-22)	N/A
5 years (2016-07-22)	N/A

Is Mackinac Financial Corporation under- or over-valued?

Valuing Mackinac Financial Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Mackinac Financial Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Mackinac Financial Corporation's P/E ratio

Mackinac Financial Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 15x. In other words, Mackinac Financial Corporation shares trade at around 15x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Mackinac Financial Corporation financials

Revenue TTM	$64.9 million
Operating margin TTM	27.68%
Gross profit TTM	$64 million
Return on assets TTM	1%
Return on equity TTM	8.66%
Profit margin	22.04%
Book value	$16.13
Market capitalisation	$208.9 million

TTM: trailing 12 months

Shorting Mackinac Financial Corporation shares

There are currently 13,331 Mackinac Financial Corporation shares held short by investors – that's known as Mackinac Financial Corporation's "short interest". This figure is 95.8% down from 317,839 last month.

There are a few different ways that this level of interest in shorting Mackinac Financial Corporation shares can be evaluated.

Mackinac Financial Corporation's "short interest ratio" (SIR)

Mackinac Financial Corporation's "short interest ratio" (SIR) is the quantity of Mackinac Financial Corporation shares currently shorted divided by the average quantity of Mackinac Financial Corporation shares traded daily (recently around 102546.15384615). Mackinac Financial Corporation's SIR currently stands at 0.13. In other words for every 100,000 Mackinac Financial Corporation shares traded daily on the market, roughly 130 shares are currently held short.

However Mackinac Financial Corporation's short interest can also be evaluated against the total number of Mackinac Financial Corporation shares, or, against the total number of tradable Mackinac Financial Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Mackinac Financial Corporation's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Mackinac Financial Corporation shares in existence, roughly 0 shares are currently held short) or 0.0015% of the tradable shares (for every 100,000 tradable Mackinac Financial Corporation shares, roughly 2 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Mackinac Financial Corporation.

Find out more about how you can short Mackinac Financial Corporation stock.

Mackinac Financial Corporation share dividends

Dividend payout ratio: 40.88% of net profits

Recently Mackinac Financial Corporation has paid out, on average, around 40.88% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.78% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Mackinac Financial Corporation shareholders could enjoy a 2.78% return on their shares, in the form of dividend payments. In Mackinac Financial Corporation's case, that would currently equate to about $0.56 per share.

While Mackinac Financial Corporation's payout ratio might seem fairly standard, it's worth remembering that Mackinac Financial Corporation may be investing much of the rest of its net profits in future growth.

Mackinac Financial Corporation's most recent dividend payout was on 15 July 2021. The latest dividend was paid out to all shareholders who bought their shares by 30 June 2021 (the "ex-dividend date").

Have Mackinac Financial Corporation's shares ever split?

Mackinac Financial Corporation's shares were split on a 1:20 basis on 15 December 2004. So if you had owned 20 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Mackinac Financial Corporation shares – just the quantity. However, indirectly, the new 1900% higher share price could have impacted the market appetite for Mackinac Financial Corporation shares which in turn could have impacted Mackinac Financial Corporation's share price.

Mackinac Financial Corporation share price volatility

Over the last 12 months, Mackinac Financial Corporation's shares have ranged in value from as little as $8.625 up to $22.0328. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Mackinac Financial Corporation's is 1.124. This would suggest that Mackinac Financial Corporation's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Mackinac Financial Corporation overview

Mackinac Financial Corporation operates as the bank holding company for mBank that provides commercial and retail banking products and services in the United States. It offers 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. The company provides loan products, including commercial loans to entities within real estate ? operators of nonresidential buildings industry; consumer loan products comprising installment, mortgages, home equity loans, and residential mortgage loans; and commercial and governmental lease financing, as well as offers safe deposit facilities. It has 28 branch locations, including 10 in the Upper Peninsula, 10 in the Lower Peninsula, 1 in Southeast Michigan, Michigan, and 7 in Wisconsin. The company was formerly known as North Country Financial Corporation and changed its name to Mackinac Financial Corporation in December 2004. Mackinac Financial Corporation was incorporated in 1974 and is headquartered in Manistique, Michigan. .

Frequently asked questions

What percentage of Mackinac Financial Corporation is owned by insiders or institutions?
Currently 6.408% of Mackinac Financial Corporation shares are held by insiders and 57.207% by institutions. How many people work for Mackinac Financial Corporation?
Latest data suggests 310 work at Mackinac Financial Corporation. When does the fiscal year end for Mackinac Financial Corporation?
Mackinac Financial Corporation's fiscal year ends in December. Where is Mackinac Financial Corporation based?
Mackinac Financial Corporation's address is: 130 South Cedar Street, Manistique, MI, United States, 49854 What is Mackinac Financial Corporation's ISIN number?
Mackinac Financial Corporation's international securities identification number is: US5545711096 What is Mackinac Financial Corporation's CUSIP number?
Mackinac Financial Corporation's Committee on Uniform Securities Identification Procedures number is: 554571109