Somewhat Positive Media Coverage Somewhat Unlikely to Impact Mackinac Financial (MFNC) Share Price

News coverage about Mackinac Financial (NASDAQ:MFNC) has trended somewhat positive on Monday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mackinac Financial earned a news impact score of 0.04 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.8184483348209 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Shares of Mackinac Financial (NASDAQ MFNC) opened at $16.20 on Monday. Mackinac Financial has a twelve month low of $12.78 and a twelve month high of $16.80. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.11. The firm has a market cap of $102.68, a P/E ratio of 14.21 and a beta of 0.60.

Mackinac Financial (NASDAQ:MFNC) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.33 earnings per share for the quarter. Mackinac Financial had a net margin of 15.17% and a return on equity of 9.06%. The company had revenue of $10.94 million during the quarter.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Thursday, December 28th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Wednesday, December 27th. Mackinac Financial’s dividend payout ratio (DPR) is presently 42.11%.

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About Mackinac Financial

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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