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Mackinac Financial Corp (MFNC) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Mackinac Financial Corp (MFNC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. 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 $167.870 million; its shares were traded at around $15.67 with a P/E ratio of 17.04 and P/S ratio of 2.53. The dividend yield of Mackinac Financial Corp stocks is 3.07%.


For the last quarter Mackinac Financial Corp reported a revenue of $15.8 million, compared with the revenue of $11.50 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $51.4 million, an increase of 22.4% from last year. For the last five years Mackinac Financial Corp had an average revenue growth rate of 15.4% a year.

The reported diluted earnings per share was 94 cents for the year, an increase of 8% from previous year. Over the last five years Mackinac Financial Corp had an EPS growth rate of 7.9% a year. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Mackinac Financial Corp has the cash and cash equivalents of $77.6 million, compared with $50.8 million in the previous year. The long term debt was $57.5 million, compared with $79.6 million in the previous year. Mackinac Financial Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $15.67, Mackinac Financial Corp is traded at 28.5% premium to its historical median P/S valuation band of $12.19. The P/S ratio of the stock is 2.53, while the historical median P/S ratio is 1.97. The stock gained 0.78% during the past 12 months.

For the complete 20-year historical financial data of MFNC, click here.

This article first appeared on GuruFocus.