Somewhat Positive News Coverage Somewhat Unlikely to Impact Mackinac Financial Corporation (MFNC) Share Price
Media stories about Mackinac Financial Corporation (NASDAQ:MFNC) have been trending somewhat positive on Tuesday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog 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 Corporation earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.7979840352095 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of brokerages have weighed in on MFNC. TheStreet raised Mackinac Financial Corporation from a “c+” rating to a “b-” rating in a research report on Friday, July 28th. ValuEngine raised Mackinac Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th.
Shares of Mackinac Financial Corporation (MFNC) opened at $15.27 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $94.42, a P/E ratio of 12.82 and a beta of 0.62. Mackinac Financial Corporation has a 12 month low of $12.05 and a 12 month high of $16.80.
Mackinac Financial Corporation (NASDAQ:MFNC) last released its earnings results on Wednesday, November 1st. The financial services provider reported $0.33 earnings per share for the quarter. Mackinac Financial Corporation had a return on equity of 9.14% and a net margin of 15.17%. The firm had revenue of $10.94 million during the quarter.
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Mackinac Financial Corporation Company Profile
Mackinac Financial Corporation is a bank holding Company of mBank (the Bank). 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.
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