BidaskClub cut shares of MBT Financial (NASDAQ:MBTF) from a buy rating to a hold rating in a research report released on Wednesday.

A number of other research firms also recently commented on MBTF. Keefe, Bruyette & Woods assumed coverage on MBT Financial in a research report on Wednesday, July 11th. They set a market perform rating and a $12.00 target price on the stock. Sandler O’Neill reiterated a hold rating and set a $12.00 target price on shares of MBT Financial in a research report on Friday, July 27th.

MBT Financial traded down $0.05, reaching $11.00, on Wednesday, Marketbeat reports. 7,065 shares of the company’s stock were exchanged, compared to its average volume of 13,771. MBT Financial has a twelve month low of $9.30 and a twelve month high of $11.60. The firm has a market capitalization of $253.90 million, a PE ratio of 14.17 and a beta of -0.36.

MBT Financial (NASDAQ:MBTF) last announced its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.04. The firm had revenue of $15.24 million for the quarter. MBT Financial had a return on equity of 14.14% and a net margin of 21.20%.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 16th. Shareholders of record on Thursday, August 9th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.64%. This is an increase from MBT Financial’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, August 8th.

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Insight Partners LLC purchased a new stake in MBT Financial during the second quarter worth $128,000. Spark Investment Management LLC purchased a new stake in MBT Financial during the second quarter worth $209,000. Bessemer Group Inc. purchased a new stake in MBT Financial during the second quarter worth $243,000. Schwab Charles Investment Management Inc. boosted its position in MBT Financial by 17.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 42,576 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 6,276 shares in the last quarter. Finally, Martingale Asset Management L P purchased a new stake in MBT Financial during the second quarter worth $647,000. Institutional investors own 49.75% of the company’s stock.

MBT Financial Company Profile

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.

Further Reading: Understanding Relative Strength Index

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