M B T Financial Corp (NASDAQ:MBTF) released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02, Bloomberg Earnings reports. M B T Financial Corp had a net margin of 25.12% and a return on equity of 10.62%. The firm had revenue of $14.27 million for the quarter.
M B T Financial Corp (MBTF) traded down $0.05 during trading on Friday, hitting $10.30. 21,400 shares of the stock were exchanged, compared to its average volume of 38,951. The stock has a market cap of $236.79, a P/E ratio of 16.43 and a beta of 0.10. M B T Financial Corp has a twelve month low of $9.00 and a twelve month high of $12.25.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Wednesday, November 8th. M B T Financial Corp’s dividend payout ratio (DPR) is presently 38.10%.
In other M B T Financial Corp news, Director Joseph S. Daly acquired 15,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were purchased at an average cost of $10.48 per share, with a total value of $157,200.00. Following the purchase, the director now owns 170,662 shares in the company, valued at $1,788,537.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael James Miller acquired 9,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average cost of $9.65 per share, for a total transaction of $86,850.00. Following the completion of the purchase, the director now owns 220,000 shares in the company, valued at approximately $2,123,000. The disclosure for this purchase can be found here. Insiders have acquired a total of 24,435 shares of company stock valued at $248,248 in the last quarter. 22.80% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in M B T Financial Corp stock. The Manufacturers Life Insurance Company raised its position in M B T Financial Corp (NASDAQ:MBTF) by 30.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,759 shares of the financial services provider’s stock after acquiring an additional 4,347 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of M B T Financial Corp worth $182,000 at the end of the most recent quarter. 48.70% of the stock is owned by hedge funds and other institutional investors.
About M B T Financial Corp
MBT Financial Corp. is a bank holding company for Monroe Bank & Trust (the Bank). Monroe Bank & Trust 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 machine (ATM) and night depository facilities, treasury management services, telephone and Internet banking, personal trust, employee benefit and investment management services.
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