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Mackinac Financial Corporation (MFNC)

Stock Price: $13.20 USD 0.54 (4.27%)
Updated November 24, 4:00 PM EST - Market closed

Stock Price Chart

Key Info

Market Cap 139.04M
Revenue (ttm) 62.89M
Net Income (ttm) 13.12M
Shares Out 10.53M
EPS (ttm) 1.23
PE Ratio 10.73
Forward PE n/a
Dividend $0.56
Dividend Yield 4.24%

Stock Quote

Trading Day November 24
Last Price $13.20
Previous Close $12.66
Change ($) 0.54
Change (%) 4.27%
Day's Open 12.94
Day's Range 12.74 - 13.35
Day's Volume 23,395
52-Week Range 6.52 - 17.75

More Stats

Market Cap 139.04M
Enterprise Value 23.41M
Earnings Date (est) Feb 4, 2021
Ex-Dividend Date Sep 30, 2020
Shares Outstanding 10.53M
Float 8.83M
EPS (basic) 1.24
EPS (diluted) 1.23
FCF / Share 1.05
Dividend $0.56
Dividend Yield 4.24%
Earnings Yield 9.32%
FCF Yield 7.97%
Payout Ratio 45.20%
Shares Short 77,747
Short Ratio 6.53
Short % of Float 0.88%
Beta 0.80
PE Ratio 10.73
Forward PE n/a
P/FCF Ratio 12.55
PS Ratio 2.21
PB Ratio 0.79
Revenue 62.89M
Operating Income 16.79M
Net Income 13.12M
Free Cash Flow 11.08M
Net Cash 115.63M
Net Cash / Share 10.98
Gross Margin 94.57%
Operating Margin 26.70%
Profit Margin 20.90%
FCF Margin 17.62%
ROA 0.91%
ROE 8.04%
ROIC 1.20%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (2)

Buy 2
Overweight 0
Hold 0
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$13.50*
(2.27% upside)
Low
13.5
Current: $13.20
High
13.5
Target: 13.50
*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 319
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, 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.