MBT Financial Corp. (MBTF) Director Michael James Miller Purchases 5,000 Shares
MBT Financial Corp. (NASDAQ:MBTF) Director Michael James Miller acquired 5,000 shares of the stock in a transaction dated Thursday, March 8th. The shares were bought at an average cost of $10.20 per share, with a total value of $51,000.00. Following the completion of the purchase, the director now directly owns 227,314 shares in the company, valued at $2,318,602.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Michael James Miller also recently made the following trade(s):
- On Monday, February 12th, Michael James Miller acquired 1,064 shares of MBT Financial stock. The shares were bought at an average cost of $9.65 per share, with a total value of $10,267.60.
Shares of MBT Financial Corp. (NASDAQ MBTF) opened at $10.20 on Wednesday. MBT Financial Corp. has a 12-month low of $9.25 and a 12-month high of $12.10. The firm has a market cap of $235.43, a price-to-earnings ratio of 22.17 and a beta of -0.26.
MBT Financial announced that its Board of Directors has authorized a share repurchase program on Thursday, January 25th that allows the company to buyback 2,000,000 shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 8th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.24 dividend on an annualized basis and a yield of 2.35%. MBT Financial’s dividend payout ratio (DPR) is 52.18%.
A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its position in MBT Financial by 30.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,759 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 4,347 shares during the period. Regal Investment Advisors LLC boosted its position in MBT Financial by 26.6% during the 4th quarter. Regal Investment Advisors LLC now owns 27,048 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 5,691 shares during the period. California Public Employees Retirement System boosted its position in MBT Financial by 9.5% during the 2nd quarter. California Public Employees Retirement System now owns 85,351 shares of the financial services provider’s stock worth $828,000 after purchasing an additional 7,400 shares during the period. Northern Trust Corp boosted its position in MBT Financial by 4.6% during the 2nd quarter. Northern Trust Corp now owns 212,054 shares of the financial services provider’s stock worth $2,057,000 after purchasing an additional 9,304 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in MBT Financial during the 3rd quarter worth $155,000. 49.40% of the stock is owned by hedge funds and other institutional investors.
Separately, BidaskClub raised shares of MBT Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st.
MBT Financial Company Profile
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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