Media headlines about MBT Financial (NASDAQ:MBTF) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing 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 daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 44.6191370376819 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Separately, BidaskClub upgraded shares of MBT Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st.
Shares of MBT Financial (NASDAQ:MBTF) traded up $0.05 during trading hours on Wednesday, hitting $10.25. 90,982 shares of the company were exchanged, compared to its average volume of 50,450. MBT Financial has a fifty-two week low of $9.25 and a fifty-two week high of $12.10. The firm has a market capitalization of $235.43, a price-to-earnings ratio of 22.28 and a beta of -0.26.
MBT Financial announced that its Board of Directors has approved a share repurchase program on Thursday, January 25th that authorizes the company to buyback 2,000,000 outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 8th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, February 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.34%. MBT Financial’s payout ratio is 52.18%.
In related news, Director Joseph S. Daly acquired 4,499 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were acquired at an average cost of $10.42 per share, for a total transaction of $46,879.58. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael James Miller acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were bought at an average price of $10.20 per share, for a total transaction of $51,000.00. Following the completion of the acquisition, the director now owns 227,314 shares of the company’s stock, valued at $2,318,602.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 25,563 shares of company stock worth $257,397. 22.80% of the stock is currently owned by company insiders.
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About MBT Financial
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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