Stifel Financial Corp Invests $302,000 in MBT Financial Corp. (MBTF) Stock

Stifel Financial Corp bought a new stake in MBT Financial Corp. (NASDAQ:MBTF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 32,457 shares of the financial services provider’s stock, valued at approximately $302,000. Stifel Financial Corp owned approximately 0.14% of MBT Financial as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Ramsey Quantitative Systems lifted its stake in MBT Financial by 172.6% in the 4th quarter. Ramsey Quantitative Systems now owns 6,174 shares of the financial services provider’s stock valued at $57,000 after buying an additional 3,909 shares in the last quarter. Macquarie Group Ltd. raised its holdings in MBT Financial by 316.2% in the 3rd quarter. Macquarie Group Ltd. now owns 9,157 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 6,957 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in MBT Financial by 1,190.0% in the 4th quarter. Meeder Asset Management Inc. now owns 11,017 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 10,163 shares during the last quarter. Lincoln National Corp acquired a new position in MBT Financial in the 4th quarter valued at $123,000. Finally, Algert Global LLC acquired a new position in MBT Financial in the 4th quarter valued at $160,000. 51.39% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on MBTF. ValuEngine upgraded MBT Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. BidaskClub downgraded MBT Financial from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. MBT Financial presently has an average rating of “Hold” and a consensus price target of $12.00.

MBTF stock opened at $10.72 on Thursday. The firm has a market cap of $241.89 million, a PE ratio of 13.13 and a beta of 0.40. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.70 and a quick ratio of 0.70. MBT Financial Corp. has a 52 week low of $8.75 and a 52 week high of $12.49.

MBT Financial (NASDAQ:MBTF) last released its quarterly earnings data on Monday, January 28th. The financial services provider reported $0.21 EPS for the quarter. The business had revenue of $14.77 million during the quarter. MBT Financial had a return on equity of 15.29% and a net margin of 28.62%.

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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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