EPS for Independent Bank Group, Inc. (IBTX) Expected At $0.93; Mackinac Financial (MFNC) Shorts Down By 8.57%

January 16, 2018 - By Clifton Ray

Mackinac Financial Corporation (NASDAQ:MFNC) had a decrease of 8.57% in short interest. MFNC’s SI was 6,400 shares in January as released by FINRA. Its down 8.57% from 7,000 shares previously. With 900 avg volume, 7 days are for Mackinac Financial Corporation (NASDAQ:MFNC)’s short sellers to cover MFNC’s short positions. The SI to Mackinac Financial Corporation’s float is 0.13%. The stock increased 1.27% or $0.2 during the last trading session, reaching $15.9. About 595 shares traded. Mackinac Financial Corporation (NASDAQ:MFNC) has risen 31.57% since January 16, 2017 and is uptrending. It has outperformed by 14.87% the S&P500.

Analysts expect Independent Bank Group, Inc. (NASDAQ:IBTX) to report $0.93 EPS on January, 24.They anticipate $0.10 EPS change or 12.05% from last quarter’s $0.83 EPS. IBTX’s profit would be $26.22M giving it 19.68 P/E if the $0.93 EPS is correct. After having $0.89 EPS previously, Independent Bank Group, Inc.’s analysts see 4.49% EPS growth. The stock increased 1.24% or $0.9 during the last trading session, reaching $73.2. About 51,341 shares traded. Independent Bank Group, Inc. (NASDAQ:IBTX) has risen 64.06% since January 16, 2017 and is uptrending. It has outperformed by 47.36% the S&P500.

Investors sentiment decreased to 1.17 in 2017 Q3. Its down 0.63, from 1.8 in 2017Q2. It fall, as 3 investors sold Mackinac Financial Corporation shares while 3 reduced holdings. 1 funds opened positions while 6 raised stakes. 1.79 million shares or 2.57% more from 1.74 million shares in 2017Q2 were reported. Moreover, Clarkston Capital Prns has 0.12% invested in Mackinac Financial Corporation (NASDAQ:MFNC) for 191,419 shares. Fifth Third Bancshares has 0% invested in Mackinac Financial Corporation (NASDAQ:MFNC). Gendell Jeffrey L holds 109,566 shares or 0.14% of its portfolio. Royal Comml Bank Of Canada reported 0% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC). Bridgeway Capital Mgmt Incorporated holds 0.01% or 29,200 shares in its portfolio. Pnc Group Inc Incorporated owns 67,800 shares or 0% of their US portfolio. Raffles Assocs L P holds 1.23% or 86,583 shares in its portfolio. 226,307 are owned by Banc Funds Ltd Liability Company. Manufacturers Life Ins The accumulated 0.01% or 328,662 shares. Dimensional Fund Advsrs L P has 348,295 shares. 71,006 were accumulated by Vanguard Gp Inc Inc. Lsv Asset Mgmt invested 0% in Mackinac Financial Corporation (NASDAQ:MFNC). Naples Global Limited Company accumulated 16,450 shares. Wellington Group Incorporated Ltd Liability Partnership holds 142,503 shares or 0% of its portfolio. Financial Bank Of America Corporation De stated it has 0% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC).

Mackinac Financial Corporation operates as the holding firm for mBank that provides commercial and retail banking services and products in the United States. The company has market cap of $100.09 million. It offers interest bearing and non-interest bearing deposit products, including commercial and retail checking accounts, negotiable order of withdrawal accounts, money market accounts, individual retirement accounts, regular interest-bearing statement savings accounts, time deposits, and certificates of deposit. It has a 13.95 P/E ratio. The firm also provides consumer loan products, such as installment, mortgages, and home equity loans, as well as residential mortgage loans, commercial and governmental lease financing, and direct and indirect consumer financing.

Since August 7, 2017, it had 0 insider buys, and 7 selling transactions for $4.86 million activity. $487,500 worth of Independent Bank Group, Inc. (NASDAQ:IBTX) shares were sold by Hobart Brian E. 17,397 Independent Bank Group, Inc. (NASDAQ:IBTX) shares with value of $1.09M were sold by Brooks Daniel W. Another trade for 3,000 shares valued at $185,329 was sold by Jennings John Webb III.

Investors sentiment decreased to 1.4 in 2017 Q3. Its down 0.27, from 1.67 in 2017Q2. It dived, as 14 investors sold Independent Bank Group, Inc. shares while 26 reduced holdings. 18 funds opened positions while 38 raised stakes. 11.24 million shares or 4.16% more from 10.79 million shares in 2017Q2 were reported. Vanguard Inc, Pennsylvania-based fund reported 703,642 shares. Summit Creek Advsrs Llc, Minnesota-based fund reported 158,986 shares. Alliancebernstein Lp owns 641,718 shares or 0.03% of their US portfolio. First Advisors Limited Partnership invested in 0.01% or 43,567 shares. Yorktown & Research Inc holds 5,350 shares. California State Teachers Retirement System holds 28,249 shares or 0% of its portfolio. New Jersey-based Prudential Inc has invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Rmb Capital Management Ltd Limited Liability Company holds 0.16% or 102,632 shares. Citigroup owns 55 shares. Castine Limited Liability Com owns 121,538 shares. Gsa Cap Prtn Llp accumulated 12,300 shares or 0.05% of the stock. Jane Street Grp Inc Ltd Company holds 0% or 5,378 shares. Ameritas Inv reported 1,550 shares or 0% of all its holdings. Bancorp Of Montreal Can accumulated 31 shares or 0% of the stock. The Texas-based Goodman Fincl Corporation has invested 0.41% in Independent Bank Group, Inc. (NASDAQ:IBTX).

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