MBT Financial (NASDAQ:MBTF) was downgraded by TheStreet from a “b-” rating to a “c” rating in a note issued to investors on Monday, TheStreetRatingsTable reports.

A number of other analysts also recently issued reports on the company. ValuEngine upgraded MBT Financial from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. BidaskClub downgraded MBT Financial from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.00.

Shares of MBTF opened at $9.80 on Monday. The stock has a market cap of $220.92 million, a PE ratio of 23.39 and a beta of 0.45. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.08. MBT Financial has a 12-month low of $8.75 and a 12-month high of $12.49.

MBT Financial (NASDAQ:MBTF) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.40). The business had revenue of $3.73 million for the quarter. MBT Financial had a net margin of 16.82% and a return on equity of 7.66%.

Several institutional investors and hedge funds have recently modified their holdings of MBTF. Natixis bought a new stake in shares of MBT Financial during the 1st quarter valued at about $1,546,000. BlackRock Inc. lifted its position in MBT Financial by 6.4% in the 4th quarter. BlackRock Inc. now owns 1,102,532 shares of the financial services provider’s stock worth $10,253,000 after buying an additional 65,845 shares during the last quarter. Geode Capital Management LLC lifted its position in MBT Financial by 39.1% in the 4th quarter. Geode Capital Management LLC now owns 227,770 shares of the financial services provider’s stock worth $2,118,000 after buying an additional 63,969 shares during the last quarter. S. Muoio & CO. LLC bought a new stake in MBT Financial in the 1st quarter worth approximately $401,000. Finally, Stifel Financial Corp bought a new stake in MBT Financial in the 4th quarter worth approximately $302,000. Hedge funds and other institutional investors own 45.67% of the company’s stock.

MBT Financial Company Profile

MBT Financial Corp. is a bank holding company, which operates through its subsidiary Monroe Bank & Trust. It offers various deposit products which include checking and savings accounts, time deposits, safe deposit facilities, commercial loans, personal loans, real estate mortgage loans, installment loans, IRAs, ATM and night depository facilities, treasury management services, telephone and internet banking, personal trust, employee benefit and investment management services.

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