Press coverage about Mackinac Financial Corporation (NASDAQ:MFNC) has trended positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Mackinac Financial Corporation earned a daily sentiment score of 0.31 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
Separately, ValuEngine raised Mackinac Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
Mackinac Financial Corporation (MFNC) traded up 1.67% on Tuesday, reaching $13.97. The company’s stock had a trading volume of 3,334 shares. The firm has a market capitalization of $87.93 million, a price-to-earnings ratio of 17.20 and a beta of 0.63. The company has a 50 day moving average of $13.96 and a 200 day moving average of $13.61. Mackinac Financial Corporation has a 52 week low of $10.61 and a 52 week high of $14.98.
Mackinac Financial Corporation (NASDAQ:MFNC) last posted its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.28 earnings per share for the quarter. Mackinac Financial Corporation had a return on equity of 8.79% and a net margin of 11.39%. The business had revenue of $9.94 million for the quarter.
About Mackinac Financial Corporation
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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