Mackinac Financial Corporation (MFNC)
Stock Price:
$9.50 USD
0.06 (0.64%)
Updated Aug 7, 2020 4:00 PM EDT - Market closed
Key Info
| Market Cap |
100.07M |
| Revenue (ttm) |
62.27M |
| Net Income (ttm) |
13.73M |
| Shares Out |
10.53M |
| EPS (ttm) |
1.26 |
| PE Ratio |
7.54 |
| Forward PE |
n/a |
| Dividend |
$0.56 |
| Dividend Yield |
5.89% |
Stock Quote
| Trading Day |
Aug 7, 2020 |
| Last Price |
$9.50 |
| Previous Close |
$9.44 |
| Change ($) |
0.06 |
| Change (%) |
0.64% |
| Day's Open |
9.44 |
| Day's Range |
9.40 - 9.60 |
| Day's Volume |
66,430 |
| 52-Week Range |
6.52 - 17.75 |
More Stats
| Market Cap |
100.07M |
| Enterprise Value |
84.08M |
| Earnings Date (est) |
Oct 28, 2020 |
| Ex-Dividend Date |
Jul 2, 2020 |
| Shares Outstanding |
10.53M |
| Float |
8.32M |
| EPS (basic) |
1.28 |
| EPS (diluted) |
1.26 |
| FCF / Share |
0.29 |
| Dividend |
$0.56 |
| Dividend Yield |
5.89% |
| Earnings Yield |
13.26% |
| FCF Yield |
3.14% |
| Payout Ratio |
40.60% |
| Shares Short |
85,229 |
| Short Ratio |
3.81 |
| Short % of Float |
0.95% |
| Beta |
0.72 |
| PE Ratio |
7.54 |
| Forward PE |
n/a |
| P/FCF Ratio |
31.82 |
| PS Ratio |
1.61 |
| PB Ratio |
0.62 |
| Revenue |
62.27M |
| Operating Income |
17.56M |
| Net Income |
13.73M |
| Free Cash Flow |
3.15M |
| Net Cash |
15.99M |
| Net Cash / Share |
1.52 |
| Gross Margin |
95.51% |
| Operating Margin |
28.20% |
| Profit Margin |
22.70% |
| FCF Margin |
5.05% |
| ROA |
0.95% |
| ROE |
8.40% |
| ROIC |
1.30% |
Stats based on trailing-twelve-month (ttm) numbers.
Analyst Summary
Analyst Ratings (2)
| Buy |
2 |
| Overweight |
0 |
| Hold |
0 |
| Underweight |
0 |
| Sell |
0 |
Price Target
$13.25*
(39.47% upside)
Low
13.0
Current: $9.50
High
13.5
Target: 13.25
*Average 12-month price target from 2 stock analysts.
Financial Performance
Financial numbers in millions USD.
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 59.48 | 50.89 | 41.35 | 36.65 | 31.81 | 25.44 | 23.66 | 22.92 | 19.29 | 12.68 |
| Revenue Growth | 16.86% | 23.07% | 12.83% | 15.24% | 25.02% | 7.51% | 3.23% | 18.86% | 52.09% | - |
| Gross Profit | 59.48 | 50.89 | 41.35 | 36.65 | 31.81 | 25.44 | 23.66 | 22.92 | 19.29 | 12.68 |
| Operating Income | 17.71 | 10.59 | 11.02 | 6.77 | 7.93 | 2.83 | 5.53 | 6.17 | 3.32 | -3.92 |
| Net Income | 13.85 | 8.37 | 5.48 | 4.48 | 5.60 | 1.70 | 5.94 | 7.09 | 2.22 | -0.42 |
| Shares Outstanding | 10.75 | 10.71 | 6.29 | 6.26 | 6.22 | 5.56 | 5.58 | 5.56 | 3.42 | 3.42 |
| Earnings Per Share | 1.29 | 0.94 | 0.87 | 0.72 | 0.89 | 0.30 | 1.00 | 1.51 | 0.41 | -0.34 |
| EPS Growth | 37.23% | 8.05% | 20.83% | -19.1% | 196.67% | -70% | -33.77% | 268.29% | - | - |
| Dividend Per Share | 0.52 | 0.48 | 0.48 | 0.40 | 0.35 | 0.23 | 0.17 | 0.04 | - | - |
| Dividend Growth | 8.33% | 0% | 20% | 14.29% | 55.56% | 32.35% | 325% | - | - | - |
| Operating Cash Flow | 7.60 | 20.63 | 15.74 | 0.38 | 13.09 | 8.44 | 9.30 | 9.98 | 8.14 | 19.48 |
| Capital Expenditures | -0.87 | -0.36 | 0.61 | -0.53 | 0.36 | -0.52 | 0.91 | -1.32 | 4.42 | 2.27 |
| Free Cash Flow | 6.73 | 20.27 | 16.35 | -0.15 | 13.45 | 7.92 | 10.21 | 8.65 | 12.57 | 21.75 |
| Cash & Equivalents | 60.12 | 77.61 | 50.80 | 60.80 | 30.10 | 27.74 | 18.23 | 26.97 | 34.08 | 35.43 |
| Total Debt | 70.78 | 60.44 | 79.55 | 73.58 | 45.75 | 49.85 | 37.85 | 35.93 | 36.00 | 36.07 |
| Net Cash / Debt | -10.66 | 17.17 | -28.75 | -12.78 | -15.66 | -22.10 | -19.62 | -8.95 | -1.92 | -0.64 |
| Assets | 1,320 | 1,318 | 985 | 984 | 739 | 744 | 573 | 546 | 498 | 479 |
| Liabilities | 1,158 | 1,166 | 904 | 905 | 663 | 670 | 508 | 474 | 443 | 425 |
| Book Value | 162 | 152 | 81.40 | 78.61 | 76.60 | 74.00 | 65.25 | 72.45 | 55.26 | 53.88 |
Numbers in millions USD, except per-share numbers.
Company Details
| Full Name |
Mackinac Financial Corporation |
| Country |
United States |
| Employees |
315 |
| CEO |
Paul Davison Tobias |
Stock Information
| Ticker Symbol |
MFNC |
| Stock Exchange |
NASDAQ |
| Sector |
Financial Services |
| Industry |
Banks—Regional |
| Unique Identifier |
NASDAQ: MFNC |
| IPO Date |
October 2, 1998 |
Description
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 include provides commercial loans to entities within real estate ? operators of nonresidential buildings industry; consumer loan products comprising installment, mortgages, and home equity loans, as well as residential mortgage loans; and commercial and governmental lease financing. It also offers safe deposit facilities. The company operates 11 branches in the Upper Peninsula; 10 branches in the Northern Lower Peninsula; 1 branch in Oakland County, Michigan; and 7 branches 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. mBank S.A. operates as a subsidiary of MACKINAC FINANCIAL CORPORATION.