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. We show 47 historical shares outstanding datapoints in our MFNC shares outstanding history coverage, used to compute MFNC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MFNC market cap history over the course of time is important for investors
interested in comparing MFNC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of MFNC versus a peer is one thing; comparing
MFNC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like MFNC can fluctuate over the course of history.
With this page we aim to empower investors researching MFNC by allowing them to research the MFNC market cap history. |
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Video: The Importance of Market Cap
