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 general commercial banking business. These banking services include customary retail and commercial banking services, including checking and savings accounts, time deposits, interest bearing transaction accounts, real estate mortgage lending, commercial lending, commercial and governmental lease financing, and direct and indirect consumer financing. The Bank makes mortgage, commercial, and installment loans to customers throughout Michigan and Northeastern Wisconsin. The Bank also provides various consumer loan products including installment, mortgages and home equity loans.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: MFNC Stock Forecast Based on Zacks ABR data; powered by Xignite |
