Mackinac Financial Corporation (NASDAQ: MFNC) is one of 207 public companies in the “Commercial Banks” industry, but how does it weigh in compared to its competitors? We will compare Mackinac Financial Corporation to similar businesses based on the strength of its risk, profitability, institutional ownership, analyst recommendations, earnings, dividends and valuation.

Institutional and Insider Ownership

27.7% of Mackinac Financial Corporation shares are owned by institutional investors. Comparatively, 46.5% of shares of all “Commercial Banks” companies are owned by institutional investors. 24.2% of Mackinac Financial Corporation shares are owned by company insiders. Comparatively, 11.6% of shares of all “Commercial Banks” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Analyst Ratings

This is a breakdown of recent recommendations and price targets for Mackinac Financial Corporation and its competitors, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Mackinac Financial Corporation 0 0 0 0 N/A
Mackinac Financial Corporation Competitors 383 2917 2382 70 2.37

As a group, “Commercial Banks” companies have a potential upside of 0.77%. Given Mackinac Financial Corporation’s competitors higher probable upside, analysts plainly believe Mackinac Financial Corporation has less favorable growth aspects than its competitors.

Profitability

This table compares Mackinac Financial Corporation and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Mackinac Financial Corporation 14.88% 8.79% 0.71%
Mackinac Financial Corporation Competitors 19.99% 8.39% 0.89%

Risk & Volatility

Mackinac Financial Corporation has a beta of 0.65, indicating that its share price is 35% less volatile than the S&P 500. Comparatively, Mackinac Financial Corporation’s competitors have a beta of 0.74, indicating that their average share price is 26% less volatile than the S&P 500.

Valuation and Earnings

This table compares Mackinac Financial Corporation and its competitors top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Mackinac Financial Corporation $39.85 million N/A 14.22
Mackinac Financial Corporation Competitors N/A N/A 25.40

Mackinac Financial Corporation is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Dividends

Mackinac Financial Corporation pays an annual dividend of $0.48 per share and has a dividend yield of 3.1%. Mackinac Financial Corporation pays out 44.0% of its earnings in the form of a dividend. As a group, “Commercial Banks” companies pay a dividend yield of 1.8% and pay out 35.7% of their earnings in the form of a dividend.

Summary

Mackinac Financial Corporation competitors beat Mackinac Financial Corporation on 7 of the 11 factors compared.

Mackinac Financial Corporation Company Profile

Mackinac Financial Corporation is a bank holding Company of mBank (the Bank). The Company, through the Bank, is engaged in the general commercial banking business. The Bank provides a 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. The funds for the Bank’s operation are also provided by brokered deposits and through borrowings from the Federal Home Loan Bank (FHLB) system, proceeds from the sale of loans and mortgage-backed and other securities, funds from repayment of outstanding loans and earnings from operations. The Bank has over 13 branch offices located in the Upper Peninsula of Michigan and four branch offices located in Michigan’s Lower Peninsula.

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