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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.
|Latest market close||USD$13.35|
|52-week range||USD$6.1858 - USD$15.863|
|50-day moving average||USD$12.8176|
|200-day moving average||USD$10.7678|
|Wall St. target price||USD$16|
|Dividend yield||USD$0.56 (4.28%)|
|Earnings per share (TTM)||USD$1.234|
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.
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.
|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%|
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 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.
|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%|
|Market capitalisation||USD$140.6 million|
TTM: trailing 12 months
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) 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.
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").
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.
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".
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 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.
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