Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy Mackinac Financial Corporation stock | $13.35

Own Mackinac Financial Corporation stock in just a few minutes.

Fact checked

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 319 staff and has a trailing 12-month revenue of around USD$62.9 million.

How to buy shares in Mackinac Financial Corporation

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Mackinac Financial Corporation. Find the stock by name or ticker symbol: MFNC. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Mackinac Financial Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$13.35, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Mackinac Financial Corporation, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Mackinac Financial Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Mackinac Financial Corporation share price

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

Mackinac Financial Corporation shares at a glance

Information last updated 2021-01-12.
Latest market closeUSD$13.35
52-week rangeUSD$6.1858 - USD$15.863
50-day moving average USD$12.8176
200-day moving average USD$10.7678
Wall St. target priceUSD$16
PE ratio 10.8185
Dividend yield USD$0.56 (4.28%)
Earnings per share (TTM) USD$1.234

Buy Mackinac Financial Corporation shares from these brokerages

Compare special offers, low fees and a wide range of types of investments among top trading platforms.
Name Product Stock trade fee Asset types Option trade fee Annual fee
Sofi Invest
$0
Stocks, ETFs, Cryptocurrency
N/A
0%
A free way to invest in stocks, ETFs and crypto.
Robinhood
$0
Stocks, Options, ETFs, Cryptocurrency
$0
0%
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Moomoo
$0 for US stocks
Stocks, Options, ETFs
$0
Trade stocks on the US, Hong Kong, Shanghai and Shenzhen markets.
TD Ameritrade
$0
or $25 broker-assisted
Stocks
$0 + $0.65/contract,
or $25 broker-assisted
TD Ameritrade features $0 commission for online stock, but watch out for high short-term ETF and broker-assisted trading fees.
loading

Compare up to 4 providers

The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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.

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 $13.35 from 2021-01-11

1 week (2021-01-07) -0.52%
1 month (2020-12-16) 5.78%
3 months (2020-10-16) 24.53%
6 months (2020-07-16) 43.24%
1 year (2020-01-16) -18.99%
2 years (2019-01-16) -5.25%
3 years (2018-01-16) 15.88
5 years (2016-01-15) 23.27%

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 11x. In other words, Mackinac Financial Corporation shares trade at around 11x 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 USD$62.9 million
Operating margin TTM 27.65%
Gross profit TTM USD$59.5 million
Return on assets TTM 0.91%
Return on equity TTM 8.04%
Profit margin 20.87%
Book value $15.775
Market capitalisation USD$140.6 million

TTM: trailing 12 months

Shorting Mackinac Financial Corporation shares

There are currently 67,972 Mackinac Financial Corporation shares held short by investors – that's known as Mackinac Financial Corporation's "short interest". This figure is 10.7% down from 76,152 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 14340.084388186). Mackinac Financial Corporation's SIR currently stands at 4.74. In other words for every 100,000 Mackinac Financial Corporation shares traded daily on the market, roughly 4740 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 0.01% of the outstanding shares (for every 100,000 Mackinac Financial Corporation shares in existence, roughly 10 shares are currently held short) or 0.0077% of the tradable shares (for every 100,000 tradable Mackinac Financial Corporation shares, roughly 8 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

45%

Dividend payout ratio: 45.16% of net profits

Recently Mackinac Financial Corporation has paid out, on average, around 45.16% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.28% 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 4.28% 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 11 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 24 December 2020 (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 16 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 $6.1858 up to $15.863. A popular way to gauge a stock's volatility is its "beta".

MFNC.US volatility(beta: 0.93)Avg. volatility(beta: 1.00)LowHigh

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 0.9254. This would suggest that Mackinac Financial Corporation's shares are less volatile than average (for this exchange).

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 29 branch locations, including eleven in the Upper Peninsula, ten in the Northern Lower Peninsula, one in Oakland County, Michigan, and seven in Northern 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

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site