BidaskClub upgraded shares of MBT Financial (NASDAQ:MBTF) from a hold rating to a buy rating in a research report released on Tuesday, September 25th.
A number of other analysts have also recently commented on the company. Hovde Group began coverage on MBT Financial in a research report on Monday, September 10th. They issued an outperform rating and a $12.00 price target on the stock. Sandler O’Neill reissued a hold rating and issued a $12.00 price target on shares of MBT Financial in a research report on Friday, July 27th. Finally, Keefe, Bruyette & Woods began coverage on MBT Financial in a research report on Wednesday, July 11th. They issued a market perform rating and a $12.00 price target on the stock.
MBT Financial stock opened at $11.71 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.25. The company has a market cap of $259.72 million, a price-to-earnings ratio of 14.49 and a beta of -0.40. MBT Financial has a fifty-two week low of $9.43 and a fifty-two week high of $12.49.
MBT Financial (NASDAQ:MBTF) last posted its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04. MBT Financial had a return on equity of 14.37% and a net margin of 21.20%. The business had revenue of $15.24 million for the quarter.
A number of hedge funds and other institutional investors have recently made changes to their positions in MBTF. Capital Insight Partners LLC purchased a new stake in MBT Financial during the 2nd quarter valued at $128,000. Acadian Asset Management LLC raised its stake in MBT Financial by 45.7% during the 2nd quarter. Acadian Asset Management LLC now owns 90,298 shares of the financial services provider’s stock valued at $962,000 after buying an additional 28,325 shares during the last quarter. Bessemer Group Inc. purchased a new stake in MBT Financial during the 2nd quarter valued at $243,000. Schwab Charles Investment Management Inc. raised its stake in MBT Financial by 17.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 42,576 shares of the financial services provider’s stock valued at $454,000 after buying an additional 6,276 shares during the last quarter. Finally, Spark Investment Management LLC purchased a new stake in MBT Financial during the 2nd quarter valued at $209,000. Institutional investors own 49.28% of the company’s stock.
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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