Shares of Mackinac Financial Corporation (NASDAQ:MFNC) have received a consensus broker rating score of 0.00 () from the zero brokers that cover the company, Zacks Investment Research reports.

Zacks has also assigned Mackinac Financial Corporation an industry rank of 107 out of 265 based on the ratings given to its competitors.

Several research analysts have recently issued reports on MFNC shares. ValuEngine raised shares of Mackinac Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. TheStreet raised shares of Mackinac Financial Corporation from a “c+” rating to a “b-” rating in a research note on Friday, July 28th.

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Several hedge funds and other institutional investors have recently modified their holdings of MFNC. Naples Global Advisors LLC raised its position in shares of Mackinac Financial Corporation by 58.2% in the second quarter. Naples Global Advisors LLC now owns 16,450 shares of the financial services provider’s stock valued at $230,000 after buying an additional 6,050 shares during the period. Alpine Woods Capital Investors LLC raised its position in shares of Mackinac Financial Corporation by 7.7% in the second quarter. Alpine Woods Capital Investors LLC now owns 14,000 shares of the financial services provider’s stock valued at $196,000 after buying an additional 1,000 shares during the period. LSV Asset Management raised its position in shares of Mackinac Financial Corporation by 66.7% in the second quarter. LSV Asset Management now owns 7,500 shares of the financial services provider’s stock valued at $105,000 after buying an additional 3,000 shares during the period. Kennedy Capital Management Inc. raised its position in shares of Mackinac Financial Corporation by 247.5% in the second quarter. Kennedy Capital Management Inc. now owns 104,833 shares of the financial services provider’s stock valued at $1,467,000 after buying an additional 74,668 shares during the period. Finally, Context BH Capital Management LP raised its position in shares of Mackinac Financial Corporation by 1.1% in the second quarter. Context BH Capital Management LP now owns 26,448 shares of the financial services provider’s stock valued at $370,000 after buying an additional 300 shares during the period. 29.22% of the stock is currently owned by institutional investors.

Shares of Mackinac Financial Corporation (NASDAQ:MFNC) traded up 1.42% during midday trading on Wednesday, reaching $14.25. 1,902 shares of the company were exchanged. The company’s 50-day moving average price is $14.15 and its 200 day moving average price is $13.83. Mackinac Financial Corporation has a 52-week low of $11.00 and a 52-week high of $14.98. The stock has a market capitalization of $89.69 million, a price-to-earnings ratio of 12.98 and a beta of 0.66.

Mackinac Financial Corporation (NASDAQ:MFNC) last issued its earnings results on Thursday, July 27th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter. The company had revenue of $10.11 million for the quarter. Mackinac Financial Corporation had a net margin of 14.88% and a return on equity of 8.79%.

About Mackinac Financial Corporation

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.

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