Somewhat Favorable News Coverage Somewhat Unlikely to Affect Mackinac Financial Corporation (MFNC) Stock Price

News articles about Mackinac Financial Corporation (NASDAQ:MFNC) have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mackinac Financial Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45.9700714990462 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

A number of brokerages have commented on MFNC. TheStreet raised Mackinac Financial Corporation from a “c+” rating to a “b-” rating in a research note on Friday, July 28th. ValuEngine raised Mackinac Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

Mackinac Financial Corporation (MFNC) traded up 0.98% during trading on Tuesday, hitting $14.44. The stock had a trading volume of 7,751 shares. The stock has a 50 day moving average price of $13.92 and a 200-day moving average price of $13.70. The stock has a market cap of $90.89 million, a price-to-earnings ratio of 13.15 and a beta of 0.66. Mackinac Financial Corporation has a 12 month low of $11.00 and a 12 month high of $14.98.

Mackinac Financial Corporation (NASDAQ:MFNC) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.27 earnings per share for the quarter. Mackinac Financial Corporation had a return on equity of 8.86% and a net margin of 14.88%. The firm had revenue of $10.11 million for the quarter.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Friday, June 30th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.48 annualized dividend and a dividend yield of 3.32%. Mackinac Financial Corporation’s payout ratio is 44.04%.

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Mackinac Financial Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Mackinac Financial Corporation (NASDAQ:MFNC)

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