Revenue Update on MBT Financial Corp.(NASDAQ:MBTF)

MBT Financial Corp.(NASDAQ:MBTF) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Earnings per share were $0.18. Analysts had estimated an EPS of $0.13.

In a different note, Sandler O’Neill said it Initiates Coverage on MBT Financial Corp., according to a research note issued on Jun 30, 2016. The shares have been rated ‘Buy’ by the firm.

MBT Financial Corp. (MBTF) shares turned negative on Thursdays trading session with the shares closing down -0.14 points or -1.59% at a volume of 17,514. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.82. The peak price level was also seen at $8.82 while the days lowest was $8.63. Finally the shares closed at $8.67. The 52-week high of the shares is $9.08 while the 52-week low is $5.76. According to the latest information available, the market cap of the company is $199 M.

Several Insider Transactions has been reported to the SEC. On Mar 21, 2016, Debra Jean Shah (director) purchased 3,700 shares at $7.99 per share price.Also, On Aug 26, 2015, James F. Deutsch (director) purchased 101,100 shares at $6.25 per share price.On Aug 3, 2015, Scott E Mckelvey (Executive VP) purchased 2,200 shares at $5.79 per share price, according to the Form-4 filing with the securities and exchange commission.

MBT Financial Corp. is a bank holding company. The Company operates through its wholly owned subsidiary Monroe Bank & Trust (the Bank). The Bank 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 machines (ATMs) 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 consist of Monroe Wayne and Lenawee counties in Southern Michigan. Monroe Bank & Trust operates 17 banking offices and a mortgage loan office in Monroe County Michigan. The Bank also operates seven banking offices in Wayne County Michigan.

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