MBT Financial Corp. (MBTF) Declares Quarterly Dividend of $0.06

MBT Financial Corp. (NASDAQ:MBTF) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Investors of record on Thursday, November 9th will be given a dividend of 0.06 per share by the financial services provider on Thursday, November 16th. This represents a $0.24 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Wednesday, November 8th.

Shares of MBT Financial Corp. (MBTF) opened at 11.05 on Friday. MBT Financial Corp. has a 52-week low of $8.20 and a 52-week high of $12.25. The stock has a market cap of $252.71 million, a PE ratio of 17.88 and a beta of 0.08. The company’s 50-day moving average is $10.57 and its 200-day moving average is $10.37.

MBT Financial Corp. (NASDAQ:MBTF) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $14.23 million during the quarter. MBT Financial Corp. had a net margin of 27.57% and a return on equity of 11.68%. Equities analysts anticipate that MBT Financial Corp. will post $0.60 EPS for the current year.

In other news, Director Michael James Miller purchased 9,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average price of $9.65 per share, for a total transaction of $86,850.00. Following the completion of the purchase, the director now directly owns 220,000 shares of the company’s stock, valued at $2,123,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.80% of the stock is owned by insiders.

A hedge fund recently raised its stake in MBT Financial Corp. stock. State Street Corp raised its position in MBT Financial Corp. (NASDAQ:MBTF) by 12.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 259,256 shares of the financial services provider’s stock after acquiring an additional 28,398 shares during the quarter. State Street Corp owned approximately 1.13% of MBT Financial Corp. worth $2,517,000 as of its most recent SEC filing. 48.78% of the stock is currently owned by hedge funds and other institutional investors.

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About MBT Financial Corp.

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.

Dividend History for MBT Financial Corp. (NASDAQ:MBTF)

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