EPS for Mackinac Financial Corporation (MFNC) Expected At $0.28

October 14, 2018 - By Dolores Ford

Investors sentiment increased to 7 in Q2 2018. Its up 4.80, from 2.2 in 2018Q1. It increased, 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.
Manufacturers Life Insur The reported 0.01% stake. Ejf Capital Limited Com has invested 0.78% in Mackinac Financial Corporation (NASDAQ:MFNC). 19,395 were reported by Blackrock Inc. Clover L P holds 70,000 shares. Acadian Asset Ltd Liability Co holds 0% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC) for 2,064 shares. National Bank Of America Corporation De has 1,049 shares for 0% of their portfolio. Gendell Jeffrey L has 263,772 shares for 0.45% of their portfolio. Morgan Stanley holds 0% or 10,060 shares in its portfolio. Stieven Cap Advsr Limited Partnership accumulated 200,000 shares or 0.48% of the stock. Jacobs Asset Management Limited Liability Company stated it has 230,400 shares or 0.69% of all its holdings. Lsv Asset Management accumulated 0% or 13,800 shares. Deutsche Bankshares Ag stated it has 33,401 shares. Bridgeway Cap Mgmt invested 0% in Mackinac Financial Corporation (NASDAQ:MFNC). Fifth Third Bankshares accumulated 200 shares. Geode Lc owns 19,994 shares or 0% of their US portfolio.

Since September 7, 2018, it had 0 buys, 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. The rating was initiated by Piper Jaffray with “Buy” on Wednesday, June 20.

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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