MBT Financial (NASDAQ:MBTF) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of MBT Financial (NASDAQ:MBTF) from a hold rating to a sell rating in a report issued on Monday morning, ValuEngine reports.

Separately, TheStreet downgraded shares of Worthington Industries from a b- rating to a c+ rating in a report on Monday, June 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $12.00.

Shares of MBTF opened at $10.30 on Monday. The company has a 50-day moving average of $9.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $237.28 million, a P/E ratio of 25.39 and a beta of 0.49. MBT Financial has a 52-week low of $8.75 and a 52-week high of $12.49.

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

Large investors have recently bought and sold shares of the business. Rhumbline Advisers increased its position in shares of MBT Financial by 45.3% during the fourth quarter. Rhumbline Advisers now owns 25,385 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 7,912 shares during the period. BlackRock Inc. increased its position in shares of MBT Financial by 6.4% during the fourth quarter. BlackRock Inc. now owns 1,102,532 shares of the financial services provider’s stock worth $10,253,000 after acquiring an additional 65,845 shares during the period. Bank of New York Mellon Corp increased its position in shares of MBT Financial by 5.2% during the fourth quarter. Bank of New York Mellon Corp now owns 95,310 shares of the financial services provider’s stock worth $886,000 after acquiring an additional 4,736 shares during the period. Northern Trust Corp increased its position in shares of MBT Financial by 2.3% during the fourth quarter. Northern Trust Corp now owns 211,571 shares of the financial services provider’s stock worth $1,967,000 after acquiring an additional 4,832 shares during the period. Finally, Stifel Financial Corp purchased a new position in shares of MBT Financial during the fourth quarter worth approximately $302,000. Hedge funds and other institutional investors own 45.67% of the company’s stock.

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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