Mackinac Financial (MFNC) Earning Somewhat Positive Press Coverage, Accern Reports
Press coverage about Mackinac Financial (NASDAQ:MFNC) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mackinac Financial earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.7160466884773 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Separately, ValuEngine raised shares of Mackinac Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.
Mackinac Financial (MFNC) opened at $15.89 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $100.06, a price-to-earnings ratio of 13.94 and a beta of 0.60. Mackinac Financial has a one year low of $12.82 and a one year high of $16.80.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Thursday, December 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $0.48 annualized dividend and a dividend yield of 3.02%. Mackinac Financial’s dividend payout ratio (DPR) is 42.11%.
Mackinac Financial 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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