Mackinac Financial Corp (NASDAQ:MFNC) Sentiment Falls in Q2 2019

Sentiment for Mackinac Financial Corp (NASDAQ:MFNC)

Mackinac Financial Corp (NASDAQ:MFNC) institutional sentiment decreased to 1.75 in 2019 Q2. Its down -1.96, from 3.71 in 2019Q1. The ratio has dropped, as 28 investment professionals increased and opened new holdings, while 16 cut down and sold holdings in Mackinac Financial Corp. The investment professionals in our partner’s database now possess: 5.17 million shares, down from 9.39 million shares in 2019Q1. Also, the number of investment professionals holding Mackinac Financial Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 11 Increased: 15 New Position: 13.

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 $165.30 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 12.45 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.

The stock increased 0.26% or $0.04 during the last trading session, reaching $15.39. About 3,681 shares traded. Mackinac Financial Corporation (NASDAQ:MFNC) has declined 7.40% since October 12, 2018 and is downtrending. It has underperformed by 7.40% the S&P500.

Analysts await Mackinac Financial Corporation (NASDAQ:MFNC) to report earnings on October, 30. They expect $0.35 earnings per share, up 12.90 % or $0.04 from last year’s $0.31 per share. MFNC’s profit will be $3.76M for 10.99 P/E if the $0.35 EPS becomes a reality. After $0.34 actual earnings per share reported by Mackinac Financial Corporation for the previous quarter, Wall Street now forecasts 2.94 % EPS growth.

Clover Partners L.P. holds 3.77% of its portfolio in Mackinac Financial Corporation for 131,076 shares. Jacobs Asset Management Llc owns 465,910 shares or 1.36% of their US portfolio. Moreover, Ejf Capital Llc has 1.03% invested in the company for 525,000 shares. The New York-based Raffles Associates Lp has invested 0.87% in the stock. Fj Capital Management Llc, a Virginia-based fund reported 478,000 shares.

More notable recent Mackinac Financial Corporation (NASDAQ:MFNC) news were published by: which released: “Mackinac Financial Corporation Announces Stock Buyback Program – GlobeNewswire” on August 28, 2019, also with their article: “Citi Boosts Credit Card Unit Despite Weakening U.S. Economy – Yahoo Finance” published on September 09, 2019, published: “Danaher’s Senior Notes Offerings to Fund BioPharma Buyout –” on September 04, 2019. More interesting news about Mackinac Financial Corporation (NASDAQ:MFNC) were released by: and their article: “8 Reasons to Include UMB Financial (UMBF) in Your Portfolio –” published on June 25, 2019 as well as‘s news article titled: “Mackinac Financial And FFNM: Abnormal Profit From This Bank Merger – Seeking Alpha” with publication date: January 29, 2018.

Mackinac Financial Corporation (NASDAQ:MFNC) Institutional Positions Chart

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