Mackinac Financial Corp (NASDAQ:MFNC) Institutional Investor Sentiment Analysis

Sentiment for Mackinac Financial Corp (NASDAQ:MFNC)

Mackinac Financial Corp (NASDAQ:MFNC) institutional sentiment decreased to 1.75 in Q2 2019. Its down -1.96, from 3.71 in 2019Q1. The ratio has worsened, as 28 investment professionals opened new and increased equity positions, while 16 sold and trimmed stock positions in Mackinac Financial Corp. The investment professionals in our partner’s database now have: 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 equity positions 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 $3.76 million 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: Globenewswire.com which released: “Mackinac Financial Corporation Completes the Acquisition of First Federal of Northern Michigan – GlobeNewswire” on May 18, 2018, also Finance.Yahoo.com with their article: “Huntington (HBAN) Displays Organic Growth: Time to Hold? – Yahoo Finance” published on September 11, 2019, Finance.Yahoo.com published: “Mackinac Financial Corporation Declares $.10 Cash Dividend on Common Stock – Yahoo Finance” on October 25, 2016. More interesting news about Mackinac Financial Corporation (NASDAQ:MFNC) were released by: Finance.Yahoo.com and their article: “Citi Boosts Credit Card Unit Despite Weakening U.S. Economy – Yahoo Finance” published on September 09, 2019 as well as Seekingalpha.com‘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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