News coverage about MBT Financial (NASDAQ:MBTF) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. MBT Financial earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 44.965488137148 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of MBT Financial (NASDAQ MBTF) remained flat at $$10.20 during mid-day trading on Wednesday. The stock had a trading volume of 109,457 shares, compared to its average volume of 52,516. MBT Financial has a 12-month low of $9.25 and a 12-month high of $12.10. The stock has a market capitalization of $235.43, a P/E ratio of 22.28 and a beta of -0.26.
MBT Financial (NASDAQ:MBTF) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.23 earnings per share for the quarter. MBT Financial had a return on equity of 12.13% and a net margin of 18.39%. The company had revenue of $14.03 million for the quarter.
MBT Financial declared that its Board of Directors has initiated a stock buyback plan on Thursday, January 25th that allows the company to buyback 2,000,000 shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Separately, BidaskClub raised MBT Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st.
In other news, Director Joseph S. Daly purchased 4,499 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was purchased at an average price of $10.42 per share, for a total transaction of $46,879.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph S. Daly purchased 15,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average price of $9.95 per share, with a total value of $149,250.00. Following the acquisition, the director now directly owns 200,212 shares of the company’s stock, valued at approximately $1,992,109.40. The disclosure for this purchase can be found here. Insiders have acquired 25,563 shares of company stock valued at $257,397 in the last 90 days. Company insiders own 22.80% of the company’s stock.
MBT Financial Company Profile
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.
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