According to Zacks, “NORTH COUNTRY’s mission is to serve their trading area with quality financial services and products. “
Separately, ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd.
Mackinac Financial (NASDAQ:MFNC) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $14.35 million during the quarter, compared to analysts’ expectations of $14.40 million. Mackinac Financial had a return on equity of 8.08% and a net margin of 15.40%. As a group, sell-side analysts expect that Mackinac Financial will post 1.33 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, June 27th. Mackinac Financial’s dividend payout ratio (DPR) is currently 39.34%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Naples Global Advisors LLC increased its holdings in Mackinac Financial by 10.5% in the 2nd quarter. Naples Global Advisors LLC now owns 21,015 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 2,000 shares in the last quarter. Clarkston Capital Partners LLC increased its holdings in Mackinac Financial by 2.6% in the 1st quarter. Clarkston Capital Partners LLC now owns 207,989 shares of the financial services provider’s stock valued at $3,274,000 after purchasing an additional 5,172 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Mackinac Financial by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 430,760 shares of the financial services provider’s stock valued at $5,879,000 after purchasing an additional 5,693 shares in the last quarter. Tibra Equities Europe Ltd acquired a new stake in Mackinac Financial in the 1st quarter valued at $321,000. Finally, Walthausen & Co. LLC acquired a new stake in Mackinac Financial in the 1st quarter valued at $470,000. 46.69% of the stock is currently owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Mackinac Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mackinac Financial and related companies with MarketBeat.com's FREE daily email newsletter.