Mackinac Financial Corporation (MFNC)

$21.5

+0.12 (+0.56%)
Rating:
Recommendation:
Buy
Symbol MFNC
Price $21.5
Beta 1.117
Volume Avg. 0.05M
Market Cap 226.834M
Shares () -
52 Week Range 9.03-22.19
1y Target Est -
DCF Unlevered MFNC DCF ->
DCF Levered MFNC LDCF ->
ROE 8.16% Neutral
ROA 3.75% Neutral
Operating Margin -
Debt / Equity 783.53% Strong Buy
P/E 15.83 Strong Buy
P/B 1.32 Strong Buy
Annual
Quarter

Earnings

Consensus EPS

Upgrades & Downgrades

Latest MFNC news


Mr. Paul Tobias
Financial Services
Banks—Regional
Nasdaq Capital Market

Mackinac Financial Corp. is a bank holding company, which engages in the provision of commercial banking services through its subsidiary, mBank. The company is headquartered in Manistique, Michigan and currently employs 294 full-time employees. 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. The funds for the Bank's operation are also provided by brokered deposits and through borrowings from the Federal Home Loan Bank (FHLB) system, proceeds from the sale of loans and mortgage-backed and other securities, funds from repayment of outstanding loans and earnings from operations. The Bank has over 13 branch offices located in the Upper Peninsula of Michigan and four branch offices located in Michigan's Lower Peninsula.