MBT Financial (NASDAQ:MBTF) Shares Pass Above 200 Day Moving Average of $0.00

MBT Financial Corp. (NASDAQ:MBTF)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 research firms have commented on MBTF. ValuEngine downgraded MBT Financial from a “hold” rating to a “sell” rating in a research report on Monday, July 8th. TheStreet downgraded MBT Financial from a “b-” rating to a “c” rating in a research report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. MBT Financial presently has a consensus rating of “Hold” and an average price target of $12.00.

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.08. The firm has a market cap of $232.67 million, a P/E ratio of 21.49 and a beta of 0.47. The business’s 50-day simple moving average is $10.27.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.44 dividend on an annualized basis and a yield of 4.35%. This is an increase from MBT Financial’s previous quarterly dividend of $0.10.

A number of large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA raised its holdings in shares of MBT Financial by 15.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,696 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,685 shares during the period. Yakira Capital Management Inc. raised its holdings in shares of MBT Financial by 3.8% in the 1st quarter. Yakira Capital Management Inc. now owns 49,289 shares of the financial services provider’s stock valued at $494,000 after buying an additional 1,789 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of MBT Financial by 228.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,903 shares of the financial services provider’s stock valued at $49,000 after buying an additional 3,411 shares during the period. Bank of America Corp DE raised its holdings in shares of MBT Financial by 3.9% in the 4th quarter. Bank of America Corp DE now owns 92,274 shares of the financial services provider’s stock valued at $859,000 after buying an additional 3,497 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of MBT Financial by 5.2% in the 4th quarter. Bank of New York Mellon Corp now owns 95,310 shares of the financial services provider’s stock valued at $886,000 after buying an additional 4,736 shares during the period. Institutional investors own 50.62% 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.

Further Reading: Certificate of Deposit (CD)

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