MBT Financial Corp. (MBTF) Earns Buy Rating from Analysts at Maxim Group
Equities researchers at Maxim Group assumed coverage on shares of MBT Financial Corp. (NASDAQ:MBTF) in a research note issued to investors on Tuesday. The firm set a “buy” rating on the financial services provider’s stock.
Separately, Sandler O’Neill initiated coverage on MBT Financial Corp. in a report on Thursday, June 30th. They set a “buy” rating for the company.
MBT Financial Corp. (NASDAQ:MBTF) traded up 1.64% during trading on Tuesday, reaching $9.30. The company’s stock had a trading volume of 26,240 shares. MBT Financial Corp. has a 52 week low of $6.01 and a 52 week high of $9.47. The firm has a 50-day moving average price of $9.04 and a 200-day moving average price of $8.45. The firm has a market capitalization of $211.41 million, a P/E ratio of 15.00 and a beta of 0.62.
MBT Financial Corp. (NASDAQ:MBTF) last posted its earnings results on Thursday, July 28th. The financial services provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. MBT Financial Corp. had a return on equity of 9.81% and a net margin of 24.83%. On average, equities analysts anticipate that MBT Financial Corp. will post $0.54 EPS for the current fiscal year.
About MBT Financial Corp.
MBT Financial Corp. is a bank holding company for Monroe Bank & Trust (the Bank). Monroe Bank & Trust provides customary retail and commercial banking and trust services to its customers, including checking and savings accounts, time deposits, safe deposit facilities, commercial loans, personal loans, real estate mortgage loans, installment loans, individual retirement accounts (IRAs), automated teller machine (ATM) and night depository facilities, treasury management services, telephone and Internet banking, personal trust, employee benefit and investment management services.
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