Analysts at Keefe, Bruyette & Woods initiated coverage on shares of MBT Financial (NASDAQ:MBTF) in a report issued on Wednesday, The Fly reports. The brokerage set a “market perform” rating on the financial services provider’s stock.
Separately, Sandler O’Neill set a $11.00 price objective on shares of MBT Financial and gave the company a “hold” rating in a report on Tuesday, March 27th.
MBT Financial traded down $0.10, hitting $11.35, during trading on Wednesday, according to Marketbeat Ratings. 6,498 shares of the company’s stock traded hands, compared to its average volume of 45,415. The company has a market cap of $264.24 million, a PE ratio of 15.75 and a beta of -0.30. MBT Financial has a 12-month low of $9.25 and a 12-month high of $11.60.
MBT Financial (NASDAQ:MBTF) last released its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.17 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The business had revenue of $14.32 million for the quarter. MBT Financial had a net margin of 19.35% and a return on equity of 12.98%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Spark Investment Management LLC purchased a new stake in MBT Financial during the second quarter valued at about $115,000. BNP Paribas Arbitrage SA increased its position in shares of MBT Financial by 15.6% during the second quarter. BNP Paribas Arbitrage SA now owns 12,734 shares of the financial services provider’s stock valued at $124,000 after buying an additional 1,721 shares during the period. Capital Insight Partners LLC bought a new stake in shares of MBT Financial during the second quarter valued at about $128,000. SG Americas Securities LLC bought a new stake in shares of MBT Financial during the third quarter valued at about $155,000. Finally, PDT Partners LLC bought a new stake in shares of MBT Financial during the second quarter valued at about $165,000. 49.55% of the stock is currently owned by institutional investors and hedge funds.
About MBT Financial
MBT Financial Corp. operates as the bank holding company for the Monroe Bank & Trust that provides retail and commercial banking, and trust services to small and middle-market businesses and middle-income individuals. It offers checking and savings accounts, time deposits, and IRAs; and commercial loans, personal loans, real estate mortgage loans, and installment loans.
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