MBT Financial (MBTF) Rating Increased to Outperform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of MBT Financial (NASDAQ:MBTF) from a market perform rating to an outperform rating in a research report report published on Wednesday, Marketbeat Ratings reports.

MBTF has been the subject of several other reports. BidaskClub upgraded MBT Financial from a hold rating to a buy rating in a report on Tuesday, September 25th. Hovde Group initiated coverage on MBT Financial in a report on Monday, September 10th. They set an outperform rating and a $12.00 target price for the company. Finally, Sandler O’Neill restated a hold rating and set a $12.00 target price on shares of MBT Financial in a report on Friday, July 27th.

MBTF stock traded down $0.32 during trading on Wednesday, hitting $11.71. 139,368 shares of the company traded hands, compared to its average volume of 45,791. The stock has a market capitalization of $259.72 million, a PE ratio of 14.49 and a beta of -0.40. MBT Financial has a 1 year low of $9.43 and a 1 year high of $12.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.67 and a quick ratio of 0.67.

MBT Financial (NASDAQ:MBTF) last issued its earnings results on Thursday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $15.24 million during the quarter. MBT Financial had a return on equity of 14.37% and a net margin of 21.20%.

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in 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 worth $13,531,000 after buying an additional 47,567 shares during the period. BlackRock Inc. lifted its holdings in MBT Financial by 3.1% in the 2nd quarter. BlackRock Inc. now owns 955,615 shares of the financial services provider’s stock worth $10,178,000 after buying an additional 28,438 shares during the period. Acadian Asset Management LLC lifted its holdings in 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 worth $962,000 after buying an additional 28,325 shares during the period. Martingale Asset Management L P purchased a new stake in MBT Financial in the 2nd quarter worth approximately $647,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in MBT Financial by 17.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 42,576 shares of the financial services provider’s stock worth $454,000 after buying an additional 6,276 shares during the period. Institutional investors own 49.28% of the company’s stock.

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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