News coverage about Monroe Bank & Trust (NASDAQ:MBTF) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Monroe Bank & Trust earned a news impact score of 0.07 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 44.6191370376819 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
MBTF has been the subject of several analyst reports. BidaskClub upgraded shares of Monroe Bank & Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Sandler O’Neill set a $11.00 target price on shares of Monroe Bank & Trust and gave the company a “hold” rating in a report on Tuesday, March 27th.
Shares of NASDAQ MBTF traded up $0.30 during midday trading on Thursday, reaching $10.80. The stock had a trading volume of 130,167 shares, compared to its average volume of 56,130. Monroe Bank & Trust has a twelve month low of $9.25 and a twelve month high of $12.10. The company has a market capitalization of $238.88, a P/E ratio of 14.86 and a beta of -0.30.
Monroe Bank & Trust announced that its Board of Directors has approved a share 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 generally a sign that the company’s management believes its stock is undervalued.
In other Monroe Bank & Trust news, Director Joseph S. Daly acquired 4,499 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were acquired at an average cost of $10.42 per share, with a total value of $46,879.58. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael James Miller acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were acquired at an average cost 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. In the last quarter, insiders bought 25,563 shares of company stock valued at $257,397. Company insiders own 22.90% of the company’s stock.
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About Monroe Bank & Trust
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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