MBT Financial (NASDAQ:MBTF) Share Price Crosses Above 200-Day Moving Average of $0.00

MBT Financial Corp. (NASDAQ:MBTF) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $10.12. MBT Financial shares last traded at $10.05, with a volume of 2,111 shares trading hands.

A number of equities research analysts have recently weighed in on the stock. TheStreet lowered shares of MBT Financial from a “b-” rating to a “c” rating in a research note on Monday, June 10th. ValuEngine lowered shares of MBT Financial from a “hold” rating to a “sell” rating in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $12.00.

The company has a market cap of $234.51 million, a PE ratio of 21.66 and a beta of 0.47. The business has a 50-day moving average price of $10.25. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.08.

MBT Financial (NASDAQ:MBTF) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.09. The company had revenue of $16.32 million for the quarter. MBT Financial had a return on equity of 8.67% and a net margin of 19.08%.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 8th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 4.38%. This is a positive change from MBT Financial’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, August 7th.

A number of hedge funds and other institutional investors have recently modified their holdings of MBTF. JPMorgan Chase & Co. increased its holdings in MBT Financial by 228.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,903 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 3,411 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in MBT Financial by 15.3% during the second quarter. BNP Paribas Arbitrage SA now owns 12,696 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,685 shares in the last quarter. Spark Investment Management LLC boosted its stake in MBT Financial by 24.4% during the first quarter. Spark Investment Management LLC now owns 24,500 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 4,802 shares in the last quarter. Stifel Financial Corp bought a new stake in MBT Financial during the fourth quarter worth about $302,000. Finally, S. Muoio & CO. LLC bought a new stake in MBT Financial during the first quarter worth about $401,000. Hedge funds and other institutional investors own 50.69% of the company’s stock.

MBT Financial Company Profile (NASDAQ:MBTF)

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.

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