Stone Ridge Asset Management LLC Lowers Position in MBT Financial Corp. (MBTF)

Stone Ridge Asset Management LLC reduced its position in MBT Financial Corp. (NASDAQ:MBTF) by 21.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 21,748 shares of the financial services provider’s stock after selling 6,102 shares during the period. Stone Ridge Asset Management LLC’s holdings in MBT Financial were worth $246,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Regal Investment Advisors LLC acquired a new stake in MBT Financial in the third quarter valued at $186,000. Acadian Asset Management LLC lifted its stake in MBT Financial by 8.5% in the third quarter. Acadian Asset Management LLC now owns 98,006 shares of the financial services provider’s stock valued at $1,107,000 after acquiring an additional 7,708 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in MBT Financial by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,270,490 shares of the financial services provider’s stock valued at $13,531,000 after acquiring an additional 47,567 shares during the last quarter. BlackRock Inc. lifted its stake in MBT Financial by 3.1% in the second quarter. BlackRock Inc. now owns 955,615 shares of the financial services provider’s stock valued at $10,178,000 after acquiring an additional 28,438 shares during the last quarter. Finally, Martingale Asset Management L P acquired a new stake in MBT Financial in the second quarter valued at $647,000. Institutional investors and hedge funds own 49.81% of the company’s stock.

A number of analysts have commented on MBTF shares. BidaskClub cut shares of MBT Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Hovde Group started coverage on shares of MBT Financial in a research report on Monday, September 10th. They issued an “outperform” rating and a $12.00 price objective on the stock. Sandler O’Neill reissued a “hold” rating and issued a $12.00 price objective on shares of MBT Financial in a research report on Friday, July 27th. Finally, Keefe, Bruyette & Woods raised shares of MBT Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 10th.

Shares of MBTF opened at $11.16 on Friday. The stock has a market capitalization of $256.73 million, a PE ratio of 13.62 and a beta of -0.32. MBT Financial Corp. has a fifty-two week low of $9.43 and a fifty-two week high of $12.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.69.

MBT Financial (NASDAQ:MBTF) last issued its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $15.26 million for the quarter. MBT Financial had a net margin of 22.48% and a return on equity of 15.64%.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Wednesday, November 7th.

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MBT Financial Company Profile

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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Institutional Ownership by Quarter for MBT Financial (NASDAQ:MBTF)

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