Mackinac Financial Corp (MFNC, Financial) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Mackinac Financial Corp is a bank holding company. The Company, through its subsidiary, is engaged in the general commercial banking business, providing a full range of loan and deposit products. Mackinac Financial Corp has a market cap of $98.480 million; its shares were traded at around $16.12 with a P/E ratio of 18.51 and P/S ratio of 2.46. The dividend yield of Mackinac Financial Corp stocks is 2.97%.
For the last quarter Mackinac Financial Corp reported a revenue of $11.0 million, compared with the revenue of $10.26 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $42.0 million, an increase of 12.7% from last year. For the last five years Mackinac Financial Corp had an average revenue growth rate of 12.7% a year.
The reported diluted earnings per share was 87 cents for the year, an increase of 20.8% from previous year. Over the last five years Mackinac Financial Corp had an average EPS decline of 7.3% a year. The Mackinac Financial Corp enjoyed an operating margin of 26.25%, compared with the operating margin of 18.16% a year before. The 10-year historical median operating margin of Mackinac Financial Corp is 17.49%. The profitability rank of the company is 3 (out of 10).
At the end of the fiscal year, Mackinac Financial Corp has the cash and cash equivalents of $50.8 million, compared with $58.7 million in the previous year. The long term debt was $79.6 million, compared with $67.6 million in the previous year. The interest coverage to the debt is 1.7, which is not a favorable level. Mackinac Financial Corp has a financial strength rank of 4 (out of 10).
At the current stock price of $16.12, Mackinac Financial Corp is traded at 26.9% premium to its historical median P/S valuation band of $12.70. The P/S ratio of the stock is 2.46, while the historical median P/S ratio is 1.94. The stock gained 23.20% during the past 12 months.
Directors and Officers Recent Trades:
- Director Dennis Bittner sold 2,600 shares of MFNC stock on 02/16/2018 at the average price of $16.1. The price of the stock has increased by 0.12% since.
For the complete 20-year historical financial data of MFNC, click here.
