MANISTIQUE, Mich., July 22, 2021 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (we, or the Corporation) the bank holding company for mBank (the Bank) today announced 2021 second quarter net income of $2.94 million, or $.28 per share, compared to 2020 second quarter net income of $3.45 million, or $.33 per share. The 2021 second quarter results included expenses related to the pending merger with Nicolet Bankshares, Inc. (Green Bay, WI) (Nicolet), which had an estimated after-tax impact of $391 thousand on earnings. Adjusted net income (net of transaction related expenses) for the second quarter of 2021 was $3.34 million, or $.32 per share. Weighted average shares outstanding for the second quarter of 2021 were 10,550,393 compared to 10,533,589 for the same period of 2020.
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Mackinac Financial Corporation with ticker code (MFNC) now have 2 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 16 and 16 calculating the average target price we see 16. Given that the stocks previous close was at 12.8 this is indicating there is a potential upside of 25.0%. The 50 day moving average now sits at 12.42 and the 200 moving average now moves to 10.5. The market capitalisation for the company is $136m. Company Website: /> [stock_market_widget type="chart" symbol="MFNC" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Mackinac Financial Corporation operates as the bank holding company for mBank that provides commercial and retail banking products and services in the United States. It offers interest bearing and non-interest bearing accounts, such as commercial and retail checking accounts, negotiable order of withdrawal accounts, money market accounts, individual retirement accounts, regular interest-bearing statement savings accounts, certificates of deposit, time deposits, and interest bearing transaction accounts.
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NEW YORK, June 05, 2021 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Nicolet Bankshares, Inc. (NASDAQ: NCBS ) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with Mackinac Financial Corporation. If you are a Nicolet shareholder, click here to learn more about your rights and options . Kimco Realty Corporation (NYSE: KIM ) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with Weingarten Realty Investors. On a pro forma basis, Kimco shareholders are expected to own approximately 71% of the combined company's equity following the closing of the merger. If you are a Kimco shareholder, Full story available on Benzinga.com
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Norwood Financial (NASDAQ:NWFL) and Mackinac Financial (NASDAQ:MFNC) are both small-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their analyst recommendations, dividends, earnings, profitability, valuation, institutional ownership and risk. Analyst Recommendations This is a summary of current ratings for Norwood Financial and Mackinac Financial, []
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Mackinac Financial Corp. (MFNC) shares closed today at 2.0% below its 52 week high of $22.19, giving the company a market cap of $229M. The stock is currently up 72.2% year-to-date, up 162.6% over the past 12 months, and up 147.9% over the past five years. This week, the Dow Jones Industrial Average fell 1.0%, and the S&P 500 fell 1.3%. Trading Activity Trading volume this week was 34.7% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.3. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 182.2% The company's stock price performance over the past 12 months beats the peer average by 94.8%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Mackinac Financial announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
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MANISTIQUE, Mich., June 22, 2020 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the “Bank”),…
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Let's see if Mackinac Financial (MFNC) stock is a good choice for value-oriented investors right now from multiple angles.
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as… | October 28, 2019
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Mackinac Financial (MFNC) appears to be a promising bet, riding on solid organic growth, earnings strength and long-term growth opportunities.
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Mackinac Financial (MFNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Mackinac Financial (MFNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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