Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Mackinac Financial (MFNC) Share Price

Media headlines about Mackinac Financial (NASDAQ:MFNC) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mackinac Financial earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 47.6171955349917 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

MFNC stock traded down $0.10 on Friday, hitting $15.91. The company’s stock had a trading volume of 25,268 shares, compared to its average volume of 15,922. Mackinac Financial has a 1 year low of $13.91 and a 1 year high of $17.58. The company has a market cap of $135.86 million, a price-to-earnings ratio of 13.26 and a beta of 0.47. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.05 and a quick ratio of 1.05.

Mackinac Financial (NASDAQ:MFNC) last released its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.05). Mackinac Financial had a net margin of 7.88% and a return on equity of 9.59%. The business had revenue of $11.68 million during the quarter, compared to analysts’ expectations of $11.00 million. analysts anticipate that Mackinac Financial will post 1.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 16th. Investors of record on Friday, June 29th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, June 28th. This represents a $0.48 annualized dividend and a yield of 3.02%. Mackinac Financial’s dividend payout ratio (DPR) is 40.00%.

Several analysts have recently weighed in on MFNC shares. Piper Jaffray Companies restated a “buy” rating and set a $19.00 price objective on shares of Mackinac Financial in a research report on Wednesday. TheStreet downgraded shares of Mackinac Financial from a “b” rating to a “c+” rating in a research report on Friday, August 3rd.

Mackinac Financial Company Profile

Mackinac Financial Corporation operates as the bank holding company for mBank that provides commercial and retail banking products and services in the United States. The company accepts 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.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

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

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