Mackinac Financial Corporation (MFNC) EPS Estimated At $0.28

October 14, 2018 - By Lawrence Diaz

Investors sentiment increased to 7 in 2018 Q2. Its up 4.80, from 2.2 in 2018Q1. It improved, as 2 investors sold Mackinac Financial Corporation shares while 2 reduced holdings. 14 funds opened positions while 14 raised stakes. 8.84 million shares or 353.24% more from 1.95 million shares in 2018Q1 were reported.
Minerva Advsr Limited Liability Company has invested 0.26% in Mackinac Financial Corporation (NASDAQ:MFNC). Clover Prtn Lp, a Texas-based fund reported 70,000 shares. Creative Planning holds 0% or 14,343 shares in its portfolio. Fifth Third National Bank has invested 0% in Mackinac Financial Corporation (NASDAQ:MFNC). Stieven Advsrs L P has 0.48% invested in Mackinac Financial Corporation (NASDAQ:MFNC) for 200,000 shares. Morgan Stanley holds 0% or 10,060 shares. Naples Global Advsr Ltd Llc stated it has 0.09% in Mackinac Financial Corporation (NASDAQ:MFNC). Bank & Trust Of America De has invested 0% in Mackinac Financial Corporation (NASDAQ:MFNC). Pnc Ser Grp holds 67,959 shares. Geode Capital Management owns 0% invested in Mackinac Financial Corporation (NASDAQ:MFNC) for 19,994 shares. Vanguard Gp holds 0% or 382,675 shares in its portfolio. Wellington Group Inc Limited Liability Partnership holds 109,935 shares. Deutsche Bank Ag holds 33,401 shares or 0% of its portfolio. Pennsylvania-based Sei Invests has invested 0% in Mackinac Financial Corporation (NASDAQ:MFNC). Castine Capital Mgmt Llc reported 1.24% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC).

Since September 7, 2018, it had 0 insider purchases, and 1 sale for $20,511 activity.

Analysts expect Mackinac Financial Corporation (NASDAQ:MFNC) to report $0.28 EPS on November, 7.They anticipate $0.05 EPS change or 15.15 % from last quarter’s $0.33 EPS. MFNC’s profit would be $3.00M giving it 14.08 P/E if the $0.28 EPS is correct. After having $0.25 EPS previously, Mackinac Financial Corporation’s analysts see 12.00 % EPS growth. The stock increased 0.77% or $0.12 during the last trading session, reaching $15.77. About 3,123 shares traded. Mackinac Financial Corporation (NASDAQ:MFNC) has risen 12.85% since October 14, 2017 and is uptrending. It has underperformed by 2.77% the S&P500.

Mackinac Financial Corporation (NASDAQ:MFNC) Ratings Coverage

Among 2 analysts covering Mackinac Financial Corp (NASDAQ:MFNC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Mackinac Financial Corp had 2 analyst reports since June 20, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, June 20 by Piper Jaffray.

Mackinac Financial Corporation operates as the holding firm for mBank that provides commercial and retail banking services and products in the United States. The company has market cap of $168.94 million. It offers interest bearing and non-interest bearing deposit products, including commercial and retail checking accounts, negotiable order of withdrawal accounts, money market accounts, individual retirement accounts, regular interest-bearing statement savings accounts, time deposits, and certificates of deposit. It has a 26.42 P/E ratio. The firm also provides consumer loan products, such as installment, mortgages, and home equity loans, as well as residential mortgage loans, commercial and governmental lease financing, and direct and indirect consumer financing.

More news for Mackinac Financial Corporation (NASDAQ:MFNC) were recently published by: Globenewswire.com, which released: “Mackinac Financial Corporation Completes the Acquisition of Lincoln Community Bank” on October 01, 2018. Nasdaq.com‘s article titled: “Mackinac Financial Corporation Declares Cash Dividend on Common Stock” and published on September 17, 2018 is yet another important article.

Mackinac Financial Corporation (NASDAQ:MFNC) Institutional Positions Chart

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