Mackinac Financial Corporation (NASDAQ:MFNC) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, TheStreet upgraded shares of Mackinac Financial Corporation from a “c+” rating to a “b-” rating in a research note on Friday, July 28th.

Shares of Mackinac Financial Corporation (MFNC) opened at 14.00 on Friday. Mackinac Financial Corporation has a 12 month low of $11.00 and a 12 month high of $14.98. The company has a 50 day moving average price of $14.01 and a 200-day moving average price of $13.75. The stock has a market cap of $88.12 million, a P/E ratio of 12.75 and a beta of 0.66.

Mackinac Financial Corporation (NASDAQ:MFNC) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.27 earnings per share for the quarter. Mackinac Financial Corporation had a net margin of 14.88% and a return on equity of 8.86%. The company had revenue of $10.11 million for the quarter.

TRADEMARK VIOLATION NOTICE: “Mackinac Financial Corporation (NASDAQ:MFNC) Stock Rating Upgraded by ValuEngine” was published by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.dailypolitical.com/2017/08/11/mackinac-financial-corporation-nasdaqmfnc-stock-rating-upgraded-by-valuengine.html.

A number of hedge funds have recently made changes to their positions in MFNC. Context BH Capital Management LP boosted its stake 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 last quarter. Kennedy Capital Management Inc. boosted its stake 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 last quarter. LSV Asset Management boosted its stake 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 last quarter. Alpine Woods Capital Investors LLC boosted its stake 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 last quarter. Finally, Naples Global Advisors LLC boosted its stake 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 last quarter. Institutional investors and hedge funds own 28.66% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Mackinac Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mackinac Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.