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Video: Compound Annual Growth Rate (CAGR) Definition
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Date |
Open |
High |
Low |
Close |
Volume |
08/30/2021 |
$21.56 |
$21.68 |
$21.35 |
$21.38 |
6.60K | 08/31/2021 |
$21.24 |
$21.50 |
$21.08 |
$21.16 |
21.80K | 09/01/2021 |
$20.97 |
$21.31 |
$20.97 |
$21.21 |
8.70K | 09/02/2021 |
$21.34 |
$21.44 |
$21.09 |
$21.38 |
3.50K | 09/03/2021 |
$21.23 |
$21.78 |
$21.07 |
$21.50 |
194.30K |
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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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MFNC (MFNC) has the following price history information. Looking back at MFNC historical stock prices for the last five trading days, on August 30, 2021, MFNC opened at $21.56, traded as high as $21.68 and as low as $21.35, and closed at $21.38. Trading volume was a total of 6.60K shares. On August 31, 2021, MFNC opened at $21.24, traded as high as $21.50 and as low as $21.08, and closed at $21.16. Trading volume was a total of 21.80K shares. On September 01, 2021, MFNC opened at $20.97, traded as high as $21.31 and as low as $20.97, and closed at $21.21. Trading volume was a total of 8.70K shares. On September 02, 2021, MFNC opened at $21.34, traded as high as $21.44 and as low as $21.09, and closed at $21.38. Trading volume was a total of 3.50K shares. On September 03, 2021, MFNC opened at $21.23, traded as high as $21.78 and as low as $21.07, and closed at $21.50. Trading volume was a total of 194.30K shares.
MFNC Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into MFNC shares, starting with a $10,000 purchase of MFNC, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/25/2014 |
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End date: |
09/03/2021 |
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Start price/share: |
$12.65 |
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End price/share: |
$21.50 |
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Starting shares: |
790.51 |
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Ending shares: |
1,013.13 |
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Dividends reinvested/share: |
$3.25 |
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Total return: |
117.82% |
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Average Annual Total Return: |
11.15% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$21,781.86 |
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Years: |
7.36 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/25/2014 |
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End date: |
09/03/2021 |
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Start price/share: |
$12.65 |
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End price/share: |
$21.50 |
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Dividends collected/share: |
$3.25 |
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Total return: |
95.61% |
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Average Annual Total Return: |
9.54% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$19,562.70 |
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Years: |
7.36 |
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Date |
Close |
08/30/2021 | $21.38 | 08/31/2021 | $21.16 | 09/01/2021 | $21.21 | 09/02/2021 | $21.38 | 09/03/2021 | $21.50 |
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