A statement released earlier today by Maxim Group about MBT Financial (NASDAQ:MBTF) bumps the target price to $11.00
- Updated: October 19, 2016
MBT Financial (NASDAQ:MBTF) had its target price raised to $11.00 by Maxim Group in a report released 10/19/2016. The new target price indicates a possible upside of 0.18% based on the company's last closing price.
Yesterday MBT Financial (NASDAQ:MBTF) traded 1.64% higher at $9.30. The company’s 50-day moving average is $9.04 and its 200-day moving average is $8.45. The last closing price is up 10.02% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 26,240 shares of the stock were exchanged, down from an average trading volume of 53,234
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MBT Financial has a 52 week low of $6.01 and a 52 week high of $9.47 with a P/E ratio of 15.00 The company’s market cap is currently $0.
General Information About MBT Financial (NASDAQ:MBTF)
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. The Bank offers various types of deposits, which include savings accounts, interest-bearing corporate demand deposit accounts (DDA) and negotiable order of withdrawal (NOW) accounts, money market deposits and certificates of deposits (CDs). Monroe Bank & Trust's service areas are consists of Monroe, Wayne and Lenawee counties in Southern Michigan. The Bank operates approximately 20 branches.
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