$0.28 EPS Expected for Mackinac Financial Corporation (MFNC)

October 14, 2018 - By Vivian Park

Investors sentiment increased to 7 in Q2 2018. Its up 4.80, from 2.2 in 2018Q1. It is positive, 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.
Clarkston Cap Partners Limited Liability Com accumulated 0.13% or 202,817 shares. Dimensional Fund Advsr L P invested in 416,291 shares or 0% of the stock. Commercial Bank Of America Corporation De reported 1,049 shares. Blackrock owns 19,395 shares for 0% of their portfolio. Creative Planning invested in 0% or 14,343 shares. Sei Investments Com owns 288 shares or 0% of their US portfolio. Moreover, Mendon Capital Advisors has 0.03% invested in Mackinac Financial Corporation (NASDAQ:MFNC) for 20,518 shares. Tower Research Capital Limited Liability Corporation (Trc) holds 0% or 1,460 shares in its portfolio. Ejf Capital Ltd Liability has 0.78% invested in Mackinac Financial Corporation (NASDAQ:MFNC). Jacobs Asset Mgmt holds 0.69% or 230,400 shares. Geode Cap Mgmt Limited Liability Corporation holds 0% or 19,994 shares in its portfolio. Clover Prtn Ltd Partnership invested in 1.33% or 70,000 shares. Fj Capital Mgmt Limited Liability Corporation reported 0.55% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC). Raffles Assoc L P owns 67,287 shares or 0.97% of their US portfolio. Ativo Mngmt Ltd Liability Co reported 0.29% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC).

Since September 7, 2018, it had 0 insider purchases, and 1 insider 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. Piper Jaffray initiated Mackinac Financial Corporation (NASDAQ:MFNC) rating on Wednesday, June 20. Piper Jaffray has “Buy” rating and $2000 target.

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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