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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 1.01
MFNC's Cash-to-Debt is ranked lower than
67% of the 1613 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.09 vs. MFNC: 1.01 )
Ranked among companies with meaningful Cash-to-Debt only.
MFNC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1  Med: 0.45 Max: 1.44
Current: 1.01
0.1
1.44
Equity-to-Asset 0.08
MFNC's Equity-to-Asset is ranked lower than
70% of the 1580 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. MFNC: 0.08 )
Ranked among companies with meaningful Equity-to-Asset only.
MFNC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.02  Med: 0.09 Max: 0.14
Current: 0.08
0.02
0.14
Debt-to-Equity 1.13
MFNC's Debt-to-Equity is ranked lower than
60% of the 1244 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.63 vs. MFNC: 1.13 )
Ranked among companies with meaningful Debt-to-Equity only.
MFNC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4  Med: 0.87 Max: 16.84
Current: 1.13
0.4
16.84
Interest Coverage 1.80
MFNC's Interest Coverage is ranked lower than
55% of the 1539 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.74 vs. MFNC: 1.80 )
Ranked among companies with meaningful Interest Coverage only.
MFNC' s Interest Coverage Range Over the Past 10 Years
Min: 0.19  Med: 0.68 Max: 1.8
Current: 1.8
0.19
1.8
Beneish M-Score: -2.30
WACC vs ROIC
6.22%
7.73%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

vs
industry
vs
history
Operating Margin % 25.59
MFNC's Operating Margin % is ranked lower than
77% of the 1618 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 31.66 vs. MFNC: 25.59 )
Ranked among companies with meaningful Operating Margin % only.
MFNC' s Operating Margin % Range Over the Past 10 Years
Min: -20.43  Med: 17.49 Max: 25.83
Current: 25.59
-20.43
25.83
Net Margin % 16.99
MFNC's Net Margin % is ranked lower than
80% of the 1619 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.82 vs. MFNC: 16.99 )
Ranked among companies with meaningful Net Margin % only.
MFNC' s Net Margin % Range Over the Past 10 Years
Min: -2.18  Med: 11.76 Max: 67.97
Current: 16.99
-2.18
67.97
ROE % 8.70
MFNC's ROE % is ranked lower than
67% of the 1619 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.56 vs. MFNC: 8.70 )
Ranked among companies with meaningful ROE % only.
MFNC' s ROE % Range Over the Past 10 Years
Min: -2.12  Med: 5.21 Max: 29.84
Current: 8.7
-2.12
29.84
ROA % 0.71
MFNC's ROA % is ranked lower than
72% of the 1624 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.91 vs. MFNC: 0.71 )
Ranked among companies with meaningful ROA % only.
MFNC' s ROA % Range Over the Past 10 Years
Min: -0.08  Med: 0.51 Max: 2.57
Current: 0.71
-0.08
2.57
3-Year Revenue Growth Rate 9.80
MFNC's 3-Year Revenue Growth Rate is ranked higher than
75% of the 1364 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.20 vs. MFNC: 9.80 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
MFNC' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -63.6  Med: -1.9 Max: 120.1
Current: 9.8
-63.6
120.1
3-Year EBITDA Growth Rate 2.90
MFNC's 3-Year EBITDA Growth Rate is ranked lower than
59% of the 1281 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.90 vs. MFNC: 2.90 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
MFNC' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -76.8  Med: 3.15 Max: 48.4
Current: 2.9
-76.8
48.4
3-Year EPS without NRI Growth Rate -10.40
MFNC's 3-Year EPS without NRI Growth Rate is ranked lower than
85% of the 1241 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.60 vs. MFNC: -10.40 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
MFNC' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -69.6  Med: -9.3 Max: 39.2
Current: -10.4
-69.6
39.2
GuruFocus has detected 5 Warning Signs with Mackinac Financial Corp $MFNC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» MFNC's 30-Y Financials

Financials (Next Earnings Date: 2017-11-03 Est.)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

MFNC Guru Trades in

Q4 2016

MFNC Guru Trades in Q4 2016

Jim Simons 14,400 sh (New)
» More
Q1 2017

MFNC Guru Trades in Q1 2017

Jim Simons 17,700 sh (+22.92%)
» More
Q2 2017

MFNC Guru Trades in Q2 2017

Jim Simons Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with MFNC

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Business Description

Industry: Banks » Banks - Regional - US    NAICS: 522110    SIC: 6022
Compare:OTCPK:MCBI, NAS:SSFN, OTCPK:CMTV, OTCPK:CRLN, NAS:CWAY, OTCBB:JUVF, NAS:BKSC, NAS:BYBK, OTCPK:VABK, OTCPK:PFLC, OTCPK:HARL, NAS:RNDB, NAS:AMRB, OTCPK:BCML, NAS:WBKC, NAS:CWBC, OTCPK:ENBP, OTCPK:BNCC, NAS:SVBI, OTCPK:FBTT » details
Headquarter Location:USA
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 was incorporated under the laws of the state of Michigan on December 16, 1974. The Company, through its subsidiary, mBank "Bank", is engaged in the general commercial banking business, providing a full range of loan and deposit products. These banking services include customary retail and commercial banking services, including checking and savings accounts, time deposits, interest bearing transaction accounts, safe deposit facilities, real estate mortgage lending, commercial lending, commercial and governmental lease financing, and direct and indirect consumer financing. Funds for the Bank's operation are also provided by brokered deposits and through borrowings from the Federal Home Loan Bank system. The Bank makes mortgage, commercial, and installment loans to customers throughout Michigan. The Bank also supports the service industry, with its hospitality and related businesses, as well as gaming, forestry, restaurants, farming, fishing, and many other activities important to growth in Michigan. The Bank also offers various consumer loan products including installment, mortgages and home equity loans. In addition to making consumer portfolio loans, the Bank engages in the business of making residential mortgage loans for sale to the secondary market. The Bank also provides title insurance services throughout the State of Michigan through its wholly owned subsidiary, mBank Title Insurance Agency, LLC. The Bank's source for lending, investments, and other general business purposes is deposits. The Bank offers a range of interest bearing and non-interest bearing accounts, including commercial and retail checking accounts, negotiable order of withdrawal accounts, money market accounts with limited transactions, individual retirement accounts, regular interest-bearing statement savings accounts, certificates of deposit with a range of maturity date options, and accessibility to a customer's deposit relationship through online banking. The Bank is a member of the FHLB. The FHLB provides an additional source of liquidity and long-term funds. The Company competes for loans and deposits with other banks, savings and loan associations, credit unions, mortgage bankers, and investment firms in the scope and type of services offered, pricing of loans, interest rates paid on deposits, and number and location of branches, among other things. As a registered bank holding company, the Company is subject to regulation and examination by the Board of Governors of the Federal Reserve System under the Bank Holding Company Act, as amended. The Bank is subject to regulation and examination by the Michigan Department of Financial and Insurance Services and the Federal Deposit Insurance Corporation.

Top Ranked Articles about Mackinac Financial Corp

Mackinac Financial Corporation Declares Cash Dividend on Common Stock
Mackinac Financial Corporation Declares Cash Dividend on Common Stock
Mackinac Financial Corporation Declares Increased Cash Dividend on Common Stock

MANISTIQUE, Mich., March 28, 2017 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (NASDAQ:MFNC), the bank holding company for mBank (the “Bank”), announced the approval of a cash dividend by its Board of Directors on March 28, 2017.  The Board of Directors declared a cash dividend of $.12 per common share, payable April 18, 2017 to shareholders of record at April 10, 2017. The dividend is an increase of $.02 per share from the prior quarter’s dividend and represents a 20% increase in the annualized dividend from $.40 per share to $.48 per share.
Mackinac Financial Corporation is a registered bank holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $970 million and whose common stock is traded on the NASDAQ stock market as “MFNC.”   The principal subsidiary of the Corporation is mBank.  Headquartered in Manistique, Michigan, mBank has 23 branch locations; 12 in the Upper Peninsula, three in the Northern Lower Peninsula, one in Oakland County, Michigan and seven in northern Wisconsin.  The Corporation’s banking services include commercial lending and treasury management products and services geared toward small to mid-sized businesses, as well as a full array of personal and business deposit products and consumer loans. Forward-Looking Statements This release contains certain forward-looking statements. Words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “should,” “will,” and variations of such words and similar expressions are intended to identify forward-looking statements: as defined by the Private Securities Litigation Reform Act of 1995. These statements reflect management's current beliefs as to expected outcomes of future events and are not guarantees of future performance. These statements involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood, and degree of occurrence. Therefore, actual results and outcomes may materially differ from what may be expressed or forecasted in such forward-looking statements. Factors that could cause a difference include among others: changes in the national and local economies or market conditions; changes in interest rates and banking regulations; the impact of competition from traditional or new sources; and the possibility that anticipated cost savings and revenue enhancements from mergers and acquisitions, bank consolidations, and other sources may not be fully realized at all or within specified time frames as well as other risks and uncertainties including but not limited to those detailed from time to time in filings of the Company with the Securities and Exchange Commission. These and other factors may cause decisions and actual results to differ materially from current expectations. Mackinac Financial Corporation undertakes no obligation to revise, update, or clarify forward-looking statements to reflect events or conditions after the date of this release.
Contact:

Paul D. Tobias, (248) 290-5901/ ptobias@bankmbank.com
Jesse A. Deering, (248) 290-5906 /jdeering@bankmbank.com

Read more...

Ratios

vs
industry
vs
history
PE Ratio 13.56
MFNC's PE Ratio is ranked lower than
63% of the 1505 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.59 vs. MFNC: 13.56 )
Ranked among companies with meaningful PE Ratio only.
MFNC' s PE Ratio Range Over the Past 10 Years
Min: 1.86  Med: 12.33 Max: 112.5
Current: 13.56
1.86
112.5
PE Ratio without NRI 13.56
MFNC's PE Ratio without NRI is ranked lower than
63% of the 1504 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.62 vs. MFNC: 13.56 )
Ranked among companies with meaningful PE Ratio without NRI only.
MFNC' s PE Ratio without NRI Range Over the Past 10 Years
Min: 1.86  Med: 12.33 Max: 112.5
Current: 13.56
1.86
112.5
PB Ratio 1.15
MFNC's PB Ratio is ranked higher than
57% of the 1581 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.20 vs. MFNC: 1.15 )
Ranked among companies with meaningful PB Ratio only.
MFNC' s PB Ratio Range Over the Past 10 Years
Min: 0.25  Med: 0.79 Max: 1.37
Current: 1.15
0.25
1.37
PS Ratio 2.32
MFNC's PS Ratio is ranked higher than
73% of the 1567 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.43 vs. MFNC: 2.32 )
Ranked among companies with meaningful PS Ratio only.
MFNC' s PS Ratio Range Over the Past 10 Years
Min: 0.57  Med: 1.94 Max: 3.21
Current: 2.32
0.57
3.21
Price-to-Operating-Cash-Flow 33.45
MFNC's Price-to-Operating-Cash-Flow is ranked lower than
95% of the 931 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.46 vs. MFNC: 33.45 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
MFNC' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 0.71  Med: 5.18 Max: 181.69
Current: 33.45
0.71
181.69
EV-to-EBIT 8.94
MFNC's EV-to-EBIT is ranked lower than
54% of the 1241 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.20 vs. MFNC: 8.94 )
Ranked among companies with meaningful EV-to-EBIT only.
MFNC' s EV-to-EBIT Range Over the Past 10 Years
Min: -471.3  Med: 13.5 Max: 61.5
Current: 8.94
-471.3
61.5
EV-to-EBITDA 7.34
MFNC's EV-to-EBITDA is ranked higher than
54% of the 1244 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.98 vs. MFNC: 7.34 )
Ranked among companies with meaningful EV-to-EBITDA only.
MFNC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -20.6  Med: 10.3 Max: 85.9
Current: 7.34
-20.6
85.9
EV-to-Revenue 2.29
MFNC's EV-to-Revenue is ranked higher than
67% of the 1284 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.86 vs. MFNC: 2.29 )
Ranked among companies with meaningful EV-to-Revenue only.
MFNC' s EV-to-Revenue Range Over the Past 10 Years
Min: 1.1  Med: 2.6 Max: 5.8
Current: 2.29
1.1
5.8
Shiller PE Ratio 15.92
MFNC's Shiller PE Ratio is ranked higher than
72% of the 501 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 20.54 vs. MFNC: 15.92 )
Ranked among companies with meaningful Shiller PE Ratio only.
MFNC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.8  Med: 13.83 Max: 120
Current: 15.92
6.8
120

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 3.08
MFNC's Dividend Yield % is ranked higher than
60% of the 2354 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.88 vs. MFNC: 3.08 )
Ranked among companies with meaningful Dividend Yield % only.
MFNC' s Dividend Yield % Range Over the Past 10 Years
Min: 0.47  Med: 2.22 Max: 3.81
Current: 3.08
0.47
3.81
Dividend Payout Ratio 0.40
MFNC's Dividend Payout Ratio is ranked lower than
76% of the 1340 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.32 vs. MFNC: 0.40 )
Ranked among companies with meaningful Dividend Payout Ratio only.
MFNC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.03  Med: 0.39 Max: 0.75
Current: 0.4
0.03
0.75
3-Year Dividend Growth Rate 33.00
MFNC's 3-Year Dividend Growth Rate is ranked higher than
89% of the 794 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.70 vs. MFNC: 33.00 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
MFNC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 106.1
Current: 33
0
106.1
Forward Dividend Yield % 3.22
MFNC's Forward Dividend Yield % is ranked higher than
62% of the 2231 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.85 vs. MFNC: 3.22 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 3.08
MFNC's 5-Year Yield-on-Cost % is ranked lower than
52% of the 2778 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.98 vs. MFNC: 3.08 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
MFNC' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.47  Med: 2.22 Max: 3.81
Current: 3.08
0.47
3.81
3-Year Average Share Buyback Ratio -4.20
MFNC's 3-Year Average Share Buyback Ratio is ranked lower than
61% of the 1065 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.80 vs. MFNC: -4.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
MFNC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -114  Med: -3 Max: 0.8
Current: -4.2
-114
0.8

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.28
MFNC's Price-to-Tangible-Book is ranked higher than
54% of the 1573 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.29 vs. MFNC: 1.28 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
MFNC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.31  Med: 0.99 Max: 2.31
Current: 1.28
0.31
2.31
Price-to-Intrinsic-Value-Projected-FCF 0.73
MFNC's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
61% of the 896 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.79 vs. MFNC: 0.73 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
MFNC' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.1  Med: 0.48 Max: 1.27
Current: 0.73
0.1
1.27
Price-to-Median-PS-Value 1.19
MFNC's Price-to-Median-PS-Value is ranked lower than
51% of the 1527 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.13 vs. MFNC: 1.19 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
MFNC' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.19  Med: 0.75 Max: 38.15
Current: 1.19
0.19
38.15
Price-to-Graham-Number 0.87
MFNC's Price-to-Graham-Number is ranked lower than
51% of the 1414 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.95 vs. MFNC: 0.87 )
Ranked among companies with meaningful Price-to-Graham-Number only.
MFNC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.21  Med: 0.68 Max: 6.59
Current: 0.87
0.21
6.59
Earnings Yield (Greenblatt) % 11.19
MFNC's Earnings Yield (Greenblatt) % is ranked higher than
59% of the 1625 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.91 vs. MFNC: 11.19 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
MFNC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -16.2  Med: 6.8 Max: 13.2
Current: 11.19
-16.2
13.2
Forward Rate of Return (Yacktman) % 5.55
MFNC's Forward Rate of Return (Yacktman) % is ranked lower than
73% of the 934 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.21 vs. MFNC: 5.55 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
MFNC' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -76.3  Med: 7.7 Max: 26.6
Current: 5.55
-76.3
26.6

More Statistics

Revenue (TTM) (Mil) $40.50
EPS (TTM) $ 1.10
Beta0.69
Short Percentage of Float0.30%
52-Week Range $11.00 - 15.16
Shares Outstanding (Mil)6.29

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