MBT Financial (MBTF) Upgraded at Sandler O’Neill
MBT Financial (NASDAQ:MBTF) was upgraded by analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a research note issued on Monday, Marketbeat.com reports.
A number of other equities analysts have also commented on MBTF. BidaskClub upgraded shares of MBT Financial from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Hovde Group started coverage on shares of MBT Financial in a report on Monday, September 10th. They issued an “outperform” rating and a $12.00 price objective on the stock. Finally, Keefe, Bruyette & Woods upgraded shares of MBT Financial from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 10th.
Shares of MBTF stock opened at $11.06 on Monday. MBT Financial has a 12 month low of $9.43 and a 12 month high of $12.49. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $257.88 million, a price-to-earnings ratio of 13.68 and a beta of -0.32.
Hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. lifted its holdings in MBT Financial by 316.2% in the 3rd quarter. Macquarie Group Ltd. now owns 9,157 shares of the financial services provider’s stock worth $103,000 after buying an additional 6,957 shares in the last quarter. Regal Investment Advisors LLC acquired a new stake in shares of MBT Financial in the 3rd quarter valued at about $186,000. Spark Investment Management LLC acquired a new stake in shares of MBT Financial in the 2nd quarter valued at about $209,000. Bessemer Group Inc. acquired a new stake in shares of MBT Financial in the 2nd quarter valued at about $243,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of 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 valued at $454,000 after purchasing an additional 6,276 shares in the last quarter. Hedge funds and other institutional investors own 49.81% 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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