MBT Financial Corp. (NASDAQ:MBTF) Receives Average Recommendation of “Hold” from Brokerages

Shares of MBT Financial Corp. (NASDAQ:MBTF) have been given an average recommendation of “Hold” by the six analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company.

A number of research analysts have weighed in on the stock. TheStreet lowered shares of Worthington Industries from a “b-” rating to a “c+” rating in a research note on Monday, June 10th. ValuEngine lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, July 8th.

Institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its stake in shares of MBT Financial by 45.3% in the fourth quarter. Rhumbline Advisers now owns 25,385 shares of the financial services provider’s stock valued at $236,000 after buying an additional 7,912 shares in the last quarter. Spark Investment Management LLC lifted its stake in shares of MBT Financial by 24.4% in the first quarter. Spark Investment Management LLC now owns 24,500 shares of the financial services provider’s stock valued at $245,000 after buying an additional 4,802 shares in the last quarter. Stifel Financial Corp bought a new position in shares of MBT Financial in the fourth quarter valued at $302,000. S. Muoio & CO. LLC bought a new position in shares of MBT Financial in the first quarter valued at $401,000. Finally, Yakira Capital Management Inc. lifted its stake in shares of MBT Financial by 3.8% in the first quarter. Yakira Capital Management Inc. now owns 49,289 shares of the financial services provider’s stock valued at $494,000 after buying an additional 1,789 shares in the last quarter. 45.67% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:MBTF traded up $0.05 during trading hours on Friday, reaching $10.35. The company had a trading volume of 67,822 shares, compared to its average volume of 228,239. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $238.43 million, a price-to-earnings ratio of 25.24 and a beta of 0.49. The stock has a 50-day moving average price of $9.84. MBT Financial has a twelve month low of $8.75 and a twelve month high of $12.49.

MBT Financial (NASDAQ:MBTF) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.40). MBT Financial had a net margin of 16.82% and a return on equity of 7.66%. The business had revenue of $3.73 million during the quarter.

MBT Financial Company Profile

MBT Financial Corp. is a bank holding company, which operates through its subsidiary Monroe Bank & Trust. It offers various deposit products which include checking and savings accounts, time deposits, safe deposit facilities, commercial loans, personal loans, real estate mortgage loans, installment loans, IRAs, ATM and night depository facilities, treasury management services, telephone and internet banking, personal trust, employee benefit and investment management services.

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