Shares of MBT Financial Corp. (NASDAQ:MBTF) have been given a consensus 1.33 (Strong Buy) from the three analysts that cover the company, One equities research analyst has rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. MBT Financial’s rating score has improved by 33.5% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokers have set a twelve-month consensus target price of $12.00 for the company, according to Zacks. Zacks has also assigned MBT Financial an industry rank of 154 its competitors.
Get MBT Financial alerts: MBTF has been the topic of a number of recent analyst reports. Hovde Group cut shares of MBT Financial from an “outperform” rating to a “market perform” rating in a report on Friday, October 12th. BidaskClub upgraded shares of MBT Financial from a “hold” rating to a “buy” rating in a report on Tuesday, September 25th. Sandler O’Neill upgraded shares of MBT Financial from a “hold” rating to a “buy” rating in a report on Monday, November 19th. Finally, Keefe, Bruyette & Woods upgraded shares of MBT Financial from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 10th.
Several large investors have recently added to or reduced their stakes in MBTF. BlackRock Inc. boosted its holdings in shares of MBT Financial by 8.5% in the 3rd quarter. BlackRock Inc. now owns 1,036,687 shares of the financial services provider’s stock valued at $11,714,000 after buying an additional 81,072 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of MBT Financial by 34.4% in the 3rd quarter. Panagora Asset Management Inc. now owns 251,823 shares of the financial services provider’s stock valued at $2,846,000 after buying an additional 64,397 shares in the last quarter. Martingale Asset Management L P bought a new stake in shares of MBT Financial in the 2nd quarter valued at about $647,000. Dimensional Fund Advisors LP boosted its holdings in shares of MBT Financial by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,270,490 shares of the financial services provider’s stock valued at $13,531,000 after buying an additional 47,567 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of MBT Financial by 45.7% in 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 in the last quarter. Institutional investors and hedge funds own 49.81% of the company’s stock.
MBT Financial stock traded down $0.17 during midday trading on Thursday, hitting $11.30. 19,491 shares of the company’s stock were exchanged, compared to its average volume of 48,213. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.69 and a quick ratio of 0.69. MBT Financial has a 12 month low of $9.43 and a 12 month high of $12.49. The stock has a market cap of $256.27 million, a price-to-earnings ratio of 13.60 and a beta of -0.32.
MBT Financial (NASDAQ:MBTF) last issued its earnings results on Thursday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. MBT Financial had a net margin of 22.48% and a return on equity of 15.64%. The company had revenue of $15.26 million for the quarter.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Wednesday, November 7th.
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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MBT Financial (MBTF)
