MBT Financial (NASDAQ:MBTF) Lowered to “Sell” at ValuEngine

ValuEngine downgraded shares of MBT Financial (NASDAQ:MBTF) from a hold rating to a sell rating in a research note issued to investors on Monday morning, ValuEngine reports.

Separately, TheStreet cut shares of Worthington Industries from a b- rating to a c+ rating in a research note on Monday, June 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $12.00.

NASDAQ MBTF traded up $0.03 during trading on Monday, reaching $10.30. The company’s stock had a trading volume of 67,469 shares, compared to its average volume of 77,655. 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 $237.28 million, a PE ratio of 25.39 and a beta of 0.49. The stock has a 50-day simple moving average of $9.81. MBT Financial has a 1-year low of $8.75 and a 1-year high of $12.49.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Yakira Capital Management Inc. increased its position in MBT Financial by 3.8% during the 1st quarter. Yakira Capital Management Inc. now owns 49,289 shares of the financial services provider’s stock worth $494,000 after buying an additional 1,789 shares during the period. Context BH Capital Management LP increased its position in MBT Financial by 107.7% during the 1st quarter. Context BH Capital Management LP now owns 58,438 shares of the financial services provider’s stock worth $586,000 after buying an additional 30,303 shares during the period. S. Muoio & CO. LLC bought a new position in MBT Financial during the 1st quarter worth $401,000. Spark Investment Management LLC increased its position in MBT Financial by 24.4% during the 1st quarter. Spark Investment Management LLC now owns 24,500 shares of the financial services provider’s stock worth $245,000 after buying an additional 4,802 shares during the period. Finally, Deutsche Bank AG increased its position in MBT Financial by 33.8% during the 4th quarter. Deutsche Bank AG now owns 114,214 shares of the financial services provider’s stock worth $1,060,000 after buying an additional 28,858 shares during the period. Hedge funds and other institutional investors own 45.67% of the company’s stock.

About MBT Financial

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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