Insider Selling: MBT Financial Corp. (MBTF) EVP Sells 5,000 Shares of Stock
MBT Financial Corp. (NASDAQ:MBTF) EVP Thomas G. Myers sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $10.66, for a total value of $53,300.00. Following the completion of the transaction, the executive vice president now directly owns 103,878 shares of the company’s stock, valued at approximately $1,107,339.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of MBT Financial Corp. (NASDAQ:MBTF) traded down $0.15 during mid-day trading on Wednesday, hitting $10.60. The stock had a trading volume of 17,130 shares, compared to its average volume of 37,494. The firm has a market cap of $245.95, a PE ratio of 17.06 and a beta of 0.09. MBT Financial Corp. has a fifty-two week low of $9.25 and a fifty-two week high of $12.25.
MBT Financial (NASDAQ:MBTF) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The business had revenue of $14.27 million during the quarter. MBT Financial had a return on equity of 10.60% and a net margin of 25.12%.
Several hedge funds have recently modified their holdings of MBTF. LSV Asset Management lifted its holdings in shares of MBT Financial by 117.7% in the 2nd quarter. LSV Asset Management now owns 306,443 shares of the financial services provider’s stock valued at $2,972,000 after buying an additional 165,694 shares during the period. State Street Corp increased its stake in shares of MBT Financial by 12.3% in the 2nd quarter. State Street Corp now owns 259,256 shares of the financial services provider’s stock valued at $2,517,000 after purchasing an additional 28,398 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of MBT Financial by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,104,820 shares of the financial services provider’s stock valued at $10,717,000 after purchasing an additional 21,450 shares in the last quarter. Regal Investment Advisors LLC purchased a new position in shares of MBT Financial in the 3rd quarter valued at about $234,000. Finally, PDT Partners LLC purchased a new position in shares of MBT Financial in the 2nd quarter valued at about $165,000. 49.13% of the stock is owned by institutional investors and hedge funds.
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About MBT Financial
MBT Financial Corp. is a bank holding company for Monroe Bank & Trust (the Bank). Monroe Bank & Trust provides customary retail and commercial banking and trust services to its customers, including checking and savings accounts, time deposits, safe deposit facilities, commercial loans, personal loans, real estate mortgage loans, installment loans, individual retirement accounts (IRAs), automated teller machine (ATM) and night depository facilities, treasury management services, telephone and Internet banking, personal trust, employee benefit and investment management services.
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