Sandler O’Neill Initiates Coverage on MBT Financial Corp. to Buy

Sandler O’Neill Initiates Coverage on MBT Financial Corp.(NASDAQ:MBTF). The shares have been rated Buy. The rating by Sandler O’Neill was issued on Jun 30, 2016.

MBT Financial Corp. (MBTF) made into the market gainers list on Tuesdays trading session with the shares advancing 1.23% or 0.1 points. Due to strong positive momentum, the stock ended at $8.25, which is also near the day’s high of $8.25. The stock began the session at $8.1 and the volume stood at 60,760 shares. The 52-week high of the shares is $9.08 and the 52 week low is $5.65. The company has a current market capitalization of $189 M and it has 2,29,15,136 shares in outstanding.

MBT Financial Corp.(MBTF) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $0.13.

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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