Acadian Asset Management LLC Cuts Position in M B T Financial Corp (NASDAQ:MBTF)
Acadian Asset Management LLC decreased its position in shares of M B T Financial Corp (NASDAQ:MBTF) by 17.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,432 shares of the financial services provider’s stock after selling 24,589 shares during the period. Acadian Asset Management LLC owned about 0.50% of M B T Financial Corp worth $1,099,000 at the end of the most recent reporting period.
Shares of M B T Financial Corp (NASDAQ:MBTF) traded down 0.260% during midday trading on Thursday, hitting $9.575. The stock had a trading volume of 4,617 shares. The firm has a market cap of $218.98 million, a price-to-earnings ratio of 15.494 and a beta of 0.04. M B T Financial Corp has a 1-year low of $8.20 and a 1-year high of $12.25. The firm has a 50-day moving average price of $9.76 and a 200-day moving average price of $10.62.
M B T Financial Corp (NASDAQ:MBTF) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. M B T Financial Corp had a return on equity of 10.10% and a net margin of 24.97%. The business had revenue of $14.23 million during the quarter. On average, equities analysts anticipate that M B T Financial Corp will post $0.60 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.06 per share. This is a positive change from M B T Financial Corp’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 2.50%. The ex-dividend date is Tuesday, August 8th. M B T Financial Corp’s dividend payout ratio (DPR) is 38.71%.
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Separately, ValuEngine raised M B T Financial Corp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
In related news, Director Joseph S. Daly bought 10,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were bought at an average cost of $10.82 per share, for a total transaction of $108,200.00. Following the completion of the acquisition, the director now directly owns 139,639 shares in the company, valued at $1,510,893.98. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Debra Jean Shah bought 11,489 shares of the business’s stock in a transaction on Friday, May 26th. The shares were bought at an average price of $10.30 per share, for a total transaction of $118,336.70. Following the completion of the acquisition, the director now owns 119,511 shares of the company’s stock, valued at $1,230,963.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 41,662 shares of company stock worth $434,422. Corporate insiders own 22.80% of the company’s stock.
About M B T 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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