The stock of MBT Financial Corp. (NASDAQ:MBTF) hit a new 52-week high and has $15.61 target or 57.00% above today’s $9.94 share price. The 9 months bullish chart indicates low risk for the $229.78 million company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $15.61 price target is reached, the company will be worth $130.97M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 74,197 shares traded hands. MBT Financial Corp. (NASDAQ:MBTF) has risen 16.54% since March 16, 2016 and is uptrending. It has outperformed by 11.00% the S&P500.
Analysts await MBT Financial Corp. (NASDAQ:MBTF) to report earnings on October, 24.
According to Zacks Investment Research, “MBT Financial Corporation operates as the bank holding company of Monroe Bank & Trust.”
Insitutional Activity: The institutional sentiment decreased to 1.63 in 2016 Q2. Its down 0.68, from 2.31 in 2016Q1. The ratio worsened, as 12 funds sold all MBT Financial Corp. shares owned while 12 reduced positions. 13 funds bought stakes while 26 increased positions. They now own 13.13 million shares or 5.59% more from 12.44 million shares in 2016Q1.
Acadian Asset Ltd has 25,872 shares for 0% of their US portfolio. California State Teachers Retirement Systems has 0% invested in the company for 37,308 shares. Wells Fargo Mn reported 1 shares or 0% of all its holdings. State Street, a Massachusetts-based fund reported 187,486 shares. Walleye Trading last reported 0% of its portfolio in the stock. Basswood Cap Management Ltd Liability Co holds 0.41% or 884,262 shares in its portfolio. Goldman Sachs Gp Inc last reported 27,096 shares in the company. Tower Capital Lc (Trc) has 0% invested in the company for 570 shares. Raymond James Ser Advsrs has invested 0% of its portfolio in MBT Financial Corp. (NASDAQ:MBTF). The Texas-based Dimensional Fund Advsr Ltd Partnership has invested 0% in MBT Financial Corp. (NASDAQ:MBTF). Gsa Cap Prtnrs Llp has 0.02% invested in the company for 38,102 shares. Monroe Commercial Bank And Mi has invested 3.41% of its portfolio in MBT Financial Corp. (NASDAQ:MBTF). Blackrock Japan Company Ltd holds 0% of its portfolio in MBT Financial Corp. (NASDAQ:MBTF) for 453 shares. Moreover, Tfs Cap Limited Liability Com has 0.03% invested in MBT Financial Corp. (NASDAQ:MBTF) for 21,251 shares. Citigroup, a New York-based fund reported 1,771 shares.
Insider Transactions: Since August 4, 2016, the stock had 0 buys, and 2 sales for $35,400 net activity. $17,900 worth of MBT Financial Corp. (NASDAQ:MBTF) shares were sold by Carlton Peter H.
More news for MBT Financial Corp. (NASDAQ:MBTF) were recently published by: Globenewswire.com, which released: “MBT Financial Corp. Announces Third Quarter 2016 Preliminary Earnings Release …” on September 27, 2016. Globenewswire.com‘s article titled: “MBT Financial Corp. Announces Dividends and Share Repurchase Authorization” and published on January 28, 2016 is yet another important article.
MBTF Company Profile
MBT Financial Corp., incorporated on January 18, 2000, is a bank holding firm 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. Monroe Bank & Trust’s service areas are consists of Monroe, Wayne and Lenawee counties in Southern Michigan. The Bank operates approximately 20 branches.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.