Mackinac Financial (NASDAQ:MFNC) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.
Mackinac Financial (MFNC) opened at $15.90 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.11. Mackinac Financial has a 52-week low of $12.78 and a 52-week high of $16.80. The company has a market cap of $100.09, a price-to-earnings ratio of 13.95 and a beta of 0.60.
Mackinac Financial (NASDAQ:MFNC) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.33 EPS for the quarter. Mackinac Financial had a net margin of 15.17% and a return on equity of 9.06%. The firm had revenue of $10.94 million during the quarter.
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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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