Keefe Bruyette \u0026 Woods Initiates Coverage on MBT Financial (NASDAQ:MBTF). What May be Next?

July 12, 2018 - By Alfred Lee

MBT Financial Corp. (NASDAQ:MBTF) Logo

Investors sentiment increased to 1.41 in 2018 Q1. Its up 0.37, from 1.04 in 2017Q4. It improved, as 4 investors sold MBT Financial Corp. shares while 18 reduced holdings. 10 funds opened positions while 21 raised stakes. 11.33 million shares or 0.37% more from 11.29 million shares in 2017Q4 were reported.

Fj Mngmt Lc owns 0.51% invested in MBT Financial Corp. (NASDAQ:MBTF) for 433,000 shares. Bank Of New York Mellon Corporation has invested 0% in MBT Financial Corp. (NASDAQ:MBTF). Royal Bank Of Canada accumulated 139 shares or 0% of the stock. Renaissance Tech Limited Liability Corporation invested in 566,747 shares. Schwab Charles Inv Mgmt accumulated 36,300 shares or 0% of the stock. California Public Employees Retirement System holds 0% or 66,951 shares in its portfolio. Citigroup accumulated 4,774 shares. Tiaa Cref Invest Mngmt Ltd Limited Liability Company stated it has 0% in MBT Financial Corp. (NASDAQ:MBTF). Geode Capital Management Ltd holds 139,196 shares or 0% of its portfolio. Stratos Wealth Prtnrs Limited holds 0% of its portfolio in MBT Financial Corp. (NASDAQ:MBTF) for 1,140 shares. Northern Tru Corp has invested 0% in MBT Financial Corp. (NASDAQ:MBTF). Menta Lc holds 0.03% of its portfolio in MBT Financial Corp. (NASDAQ:MBTF) for 12,220 shares. Rhumbline Advisers owns 15,923 shares. Lsv Asset Mngmt holds 0.01% or 422,354 shares in its portfolio. Brandywine Global Mgmt Ltd Liability Corporation accumulated 4,938 shares.

Since February 12, 2018, it had 5 insider buys, and 0 insider sales for $216,236 activity. 5,000 MBT Financial Corp. (NASDAQ:MBTF) shares with value of $51,000 were bought by MILLER MICHAEL JAMES. The insider VIG JOSEPH S bought 10,000 shares worth $102,725.

Why Has Keefe Bruyette \u0026 Woods Given MBT Financial (NASDAQ:MBTF) a $12 Price Target

Keefe Bruyette \u0026 Woods has just issued a “Market Perform” rating for MBT Financial (NASDAQ:MBTF) shares. The firm initiated coverage on shares of MBTF in analysts note shared with investors and clients on Thursday morning. This PT indicates upside of 7.14 % from the close price of MBT Financial (NASDAQ:MBTF).

The stock decreased 1.32% or $0.15 during the last trading session, reaching $11.2. About 578 shares traded. MBT Financial Corp. (NASDAQ:MBTF) has risen 9.57% since July 12, 2017 and is uptrending. It has underperformed by 3.00% the S&P500.

MBT Financial Corp. operates as the bank holding firm for the Monroe Bank & Trust that provides retail and commercial banking, and trust services to small and middle-market businesses and middle-income individuals. The company has market cap of $257.35 million. It offers checking and savings accounts, time deposits, and IRAs; and commercial loans, personal loans, real estate mortgage loans, and installment loans. It has a 22.86 P/E ratio. The firm also provides safe deposit facilities, ATM and night depository facilities, treasury management services, telephone and Internet banking, personal trust, employee benefit, and investment management services.

Another recent and important MBT Financial Corp. (NASDAQ:MBTF) news was published by which published an article titled: “MBT Financial Corp. Announces Second Quarter 2018 Preliminary Earnings Release and Conference Call” on June 29, 2018.

MBT Financial Corp. (NASDAQ:MBTF) Institutional Positions Chart

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