trending Market Intelligence /marketintelligence/en/news-insights/trending/x1v1qxuyd0w6f5ejnnmq5w2 content esgSubNav
In This List

Hovde Group initiates MBT Financial at 'outperform'


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Banks’ Response to Rising Rates & Liquidity Concerns

Hovde Group initiates MBT Financial at 'outperform'


Kevin Swanson of Hovde Group is now covering Monroe, Mich.-based MBT Financial Corp.'s stock. He gave it an "outperform" rating and set the price target at $12.

The analyst introduced MBT Financial's EPS estimates at 81 cents for 2018, 85 cents for 2019 and 91 cents for 2020.

Swanson wrote that MBT Financial, like many banks in Michigan, was affected badly by the Great Recession. The company, however, has experienced a significant recovery in its core footprint since then, and its management has displayed meaningful improvement to core profitability, asset quality, capital levels and balance sheet composition, the analyst wrote.