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Mackinac Financial Corporation (MFNC)

Stock Price: $9.50 USD 0.06 (0.64%)
Updated Aug 7, 2020 4:00 PM EDT - Market closed

Stock Price Chart

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

Analyst Consensus: Buy

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

Year2019201820172016201520142013201220112010
Revenue59.4850.8941.3536.6531.8125.4423.6622.9219.2912.68
Revenue Growth16.86%23.07%12.83%15.24%25.02%7.51%3.23%18.86%52.09%-
Gross Profit59.4850.8941.3536.6531.8125.4423.6622.9219.2912.68
Operating Income17.7110.5911.026.777.932.835.536.173.32-3.92
Net Income13.858.375.484.485.601.705.947.092.22-0.42
Shares Outstanding10.7510.716.296.266.225.565.585.563.423.42
Earnings Per Share1.290.940.870.720.890.301.001.510.41-0.34
EPS Growth37.23%8.05%20.83%-19.1%196.67%-70%-33.77%268.29%--
Dividend Per Share0.520.480.480.400.350.230.170.04--
Dividend Growth8.33%0%20%14.29%55.56%32.35%325%---
Operating Cash Flow7.6020.6315.740.3813.098.449.309.988.1419.48
Capital Expenditures-0.87-0.360.61-0.530.36-0.520.91-1.324.422.27
Free Cash Flow6.7320.2716.35-0.1513.457.9210.218.6512.5721.75
Cash & Equivalents60.1277.6150.8060.8030.1027.7418.2326.9734.0835.43
Total Debt70.7860.4479.5573.5845.7549.8537.8535.9336.0036.07
Net Cash / Debt-10.6617.17-28.75-12.78-15.66-22.10-19.62-8.95-1.92-0.64
Assets1,3201,318985984739744573546498479
Liabilities1,1581,166904905663670508474443425
Book Value16215281.4078.6176.6074.0065.2572.4555.2653.88
Numbers in millions USD, except per-share numbers.

Company Profile

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.