MBT Financial Corp. (NASDAQ:MBTF) Receives Average Recommendation of “Hold” from Brokerages

Shares of MBT Financial Corp. (NASDAQ:MBTF) have earned an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company.

Several equities analysts recently issued reports on the company. ValuEngine cut Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday. TheStreet cut Worthington Industries from a “b-” rating to a “c+” rating in a research note on Monday, June 10th.

Shares of MBTF stock traded up $0.03 during mid-day trading on Friday, reaching $10.33. 1,146 shares of the company were exchanged, compared to its average volume of 228,318. MBT Financial has a fifty-two week low of $8.75 and a fifty-two week high of $12.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $236.59 million, a P/E ratio of 25.05 and a beta of 0.49. The company has a 50 day moving average price of $9.82.

MBT Financial (NASDAQ:MBTF) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.40). MBT Financial had a return on equity of 7.66% and a net margin of 16.82%. The company had revenue of $3.73 million for the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Yakira Capital Management Inc. increased its holdings in MBT Financial by 3.8% in the first quarter. Yakira Capital Management Inc. now owns 49,289 shares of the financial services provider’s stock valued at $494,000 after purchasing an additional 1,789 shares during the last quarter. Context BH Capital Management LP increased its holdings in MBT Financial by 107.7% in the first quarter. Context BH Capital Management LP now owns 58,438 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 30,303 shares during the last quarter. S. Muoio & CO. LLC bought a new stake in MBT Financial in the first quarter valued at about $401,000. Spark Investment Management LLC increased its holdings in MBT Financial by 24.4% in the first quarter. Spark Investment Management LLC now owns 24,500 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 4,802 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in MBT Financial by 33.8% in the fourth quarter. Deutsche Bank AG now owns 114,214 shares of the financial services provider’s stock valued at $1,060,000 after purchasing an additional 28,858 shares during the last quarter. Hedge funds and other institutional investors own 45.67% of the company’s stock.

MBT Financial Company Profile

MBT Financial Corp. is a bank holding company, which operates through its subsidiary Monroe Bank & Trust. It offers various deposit products which include checking and savings accounts, time deposits, safe deposit facilities, commercial loans, personal loans, real estate mortgage loans, installment loans, IRAs, ATM and night depository facilities, treasury management services, telephone and internet banking, personal trust, employee benefit and investment management services.

See Also: Earnings Per Share (EPS) Explained

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