Latest Stocks: Insider Buying: MBT Financial Corp. (MBTF) Director Acquires 10,000 Shares of Stock

Latest Stocks: Insider Buying: MBT Financial Corp. (MBTF) Director Acquires 10,000 Shares of Stock

MBT Financial Corp. (NASDAQ:MBTF) Director Joseph S. Daly purchased 10,000 shares of MBT Financial Corp. stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average cost of $10.82 per share, for a total transaction of $108,200.00. Following the completion of the transaction, the director now owns 139,639 shares of the company’s stock, valued at approximately $1,510,893.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

MBT Financial Corp. (NASDAQ MBTF) opened at 10.50 on Tuesday. MBT Financial Corp. has a 52-week low of $6.96 and a 52-week high of $12.25. The firm has a market cap of $240.08 million, a P/E ratio of 16.41 and a beta of 0.58. The company’s 50 day moving average is $10.94 and its 200 day moving average is $10.87.

MBT Financial Corp. (NASDAQ:MBTF) last announced its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $13.42 million for the quarter. MBT Financial Corp. had a net margin of 25.27% and a return on equity of 10.00%. Equities research analysts forecast that MBT Financial Corp. will post $0.60 EPS for the current fiscal year.

MBTF has been the topic of a number of research analyst reports. ValuEngine raised shares of MBT Financial Corp. from a “hold” rating to a “buy” rating in a report on Friday. Sandler O’Neill lowered shares of MBT Financial Corp. from a “buy” rating to a “hold” rating and set a $12.00 target price on the stock. in a research note on Monday, February 6th. About MBT Financial Corp.

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