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Mackinac Financial Corporation Buyback

OLI recorded this information on 8/28/2019

Company: Mackinac Financial Corporation
Buyback: MFNC buyback
Share Amount Authorized: 5% of outstanding common stock
Buyback Details: Mackinac Financial Corporation (Nasdaq: MFNC) (the "Corporation"), the bank holding company for mBank, announced today that its Board of Directors has authorized a common stock repurchase program. The new program authorizes the repurchase of 5% of the Company's outstanding common stock.

Mackinac Financial is a bank holding company. Through its banking subsidiary, mBank (the Bank), Co. is engaged in the commercial banking business, providing 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 Bank also provides various consumers loan products including installment, mortgages and home equity loans.

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Company Name: 
Mackinac Financial Corp
Stock buyback: 
MFNC buyback
Sector: 
Banking & Savings
Number of ETFs Holding MFNC: 
14
Total Market Value Held by ETFs: 
$7.22M
Total Market Capitalization: 
$96.00M
% of Market Cap. Held by ETFs: 
7.52%
 

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Strong Buy (4.00 out of 4)
88th percentile
(ranked higher than approx. 88% of all stocks covered)
Based on Zacks ABR data;
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