Shares of Mackinac Financial Co. (NASDAQ:MFNC) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a one year consensus price target of $19.00 for the company and are forecasting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Mackinac Financial an industry rank of 167 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded Mackinac Financial from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, February 12th.
Shares of NASDAQ:MFNC traded down $0.15 during midday trading on Wednesday, reaching $16.01. 394 shares of the company were exchanged, compared to its average volume of 14,486. Mackinac Financial has a fifty-two week low of $12.60 and a fifty-two week high of $17.58. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The firm has a market cap of $167.34 million, a price-to-earnings ratio of 13.12 and a beta of 0.67.
Mackinac Financial (NASDAQ:MFNC) last released its earnings results on Wednesday, May 1st. The financial services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The business had revenue of $14.35 million during the quarter, compared to the consensus estimate of $14.40 million. Mackinac Financial had a net margin of 15.40% and a return on equity of 8.08%. Research analysts expect that Mackinac Financial will post 1.33 earnings per share for the current fiscal year.
Mackinac Financial Company Profile
Mackinac Financial Corporation provides banking solutions. It offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. The company provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.
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