MBT Financial Corp. (MBTF) was Initiated by Maxim Group to “Buy” and the brokerage firm has set the Price Target at $11. Maxim Group advised their investors in a research report released on Oct 19, 2016.
MBT Financial Corp. closed down -0.14 points or -1.50% at $9.22 with 16,331 shares getting traded on Friday. Post opening the session at $9.44, the shares hit an intraday low of $9.22 and an intraday high of $9.44 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Aug 15, 2016, Peter H Carlton (director) sold 2,000 shares at $8.95 per share price. According to the SEC, on Mar 21, 2016, Debra Jean Shah (director) purchased 3,700 shares at $7.99 per share price. On Aug 26, 2015, James F. Deutsch (director) purchased 101,100 shares at $6.25 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.