Mackinac Financial Corporation (MFNC) Given Daily Coverage Optimism Rating of 0.11

News stories about Mackinac Financial Corporation (NASDAQ:MFNC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mackinac Financial Corporation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 47.1598387433347 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

A number of equities analysts have weighed in on the company. TheStreet raised Mackinac Financial Corporation from a “c+” rating to a “b-” rating in a research note on Friday, July 28th. ValuEngine raised Mackinac Financial Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th.

Mackinac Financial Corporation (NASDAQ:MFNC) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter. Mackinac Financial Corporation had a return on equity of 8.79% and a net margin of 14.88%. The business had revenue of $10.11 million for the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 22nd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Thursday, September 21st. Mackinac Financial Corporation’s dividend payout ratio (DPR) is 44.04%.

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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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