Renaissance Technologies LLC Acquires 38,280 Shares of Monroe Bank & Trust (MBTF)

Renaissance Technologies LLC increased its holdings in Monroe Bank & Trust (NASDAQ:MBTF) by 8.6% in the fourth quarter, HoldingsChannel reports. The firm owned 485,647 shares of the financial services provider’s stock after purchasing an additional 38,280 shares during the period. Renaissance Technologies LLC’s holdings in Monroe Bank & Trust were worth $5,148,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Monroe Bank & Trust by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,119,177 shares of the financial services provider’s stock worth $12,255,000 after purchasing an additional 14,357 shares in the last quarter. BlackRock Inc. boosted its holdings in Monroe Bank & Trust by 6.2% in the fourth quarter. BlackRock Inc. now owns 911,517 shares of the financial services provider’s stock worth $9,662,000 after purchasing an additional 53,158 shares in the last quarter. State Street Corp boosted its holdings in Monroe Bank & Trust by 12.3% in the second quarter. State Street Corp now owns 259,256 shares of the financial services provider’s stock worth $2,517,000 after purchasing an additional 28,398 shares in the last quarter. Regal Investment Advisors LLC boosted its holdings in Monroe Bank & Trust by 26.6% in the fourth quarter. Regal Investment Advisors LLC now owns 27,048 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 5,691 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Monroe Bank & Trust by 30.2% in the second quarter. The Manufacturers Life Insurance Company now owns 18,759 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 4,347 shares in the last quarter. Hedge funds and other institutional investors own 49.25% of the company’s stock.

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MBTF has been the subject of a number of research analyst reports. BidaskClub raised shares of Monroe Bank & Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Sandler O’Neill set a $11.00 target price on shares of Monroe Bank & Trust and gave the stock a “hold” rating in a research report on Tuesday, March 27th.

Monroe Bank & Trust stock opened at $10.80 on Tuesday. The firm has a market cap of $243.47, a price-to-earnings ratio of 15.14 and a beta of -0.30. Monroe Bank & Trust has a fifty-two week low of $9.25 and a fifty-two week high of $12.10.

Monroe Bank & Trust (NASDAQ:MBTF) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.23 earnings per share for the quarter. The firm had revenue of $14.03 million during the quarter. Monroe Bank & Trust had a net margin of 18.39% and a return on equity of 12.15%.

Monroe Bank & Trust declared that its Board of Directors has approved a share buyback plan on Thursday, January 25th that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

In related news, Director Michael James Miller acquired 5,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was acquired at an average price of $10.20 per share, with a total value of $51,000.00. Following the completion of the transaction, the director now owns 227,314 shares of the company’s stock, valued at $2,318,602.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph S. Daly acquired 4,499 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were bought at an average cost of $10.42 per share, with a total value of $46,879.58. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 25,563 shares of company stock valued at $257,397. Company insiders own 22.90% of the company’s stock.

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Monroe Bank & Trust 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.

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Institutional Ownership by Quarter for Monroe Bank & Trust (NASDAQ:MBTF)

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