Geode Capital Management LLC decreased its position in shares of Monroe Bank & Trust (NASDAQ:MBTF) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 137,585 shares of the financial services provider’s stock after selling 6,818 shares during the quarter. Geode Capital Management LLC owned about 0.60% of Monroe Bank & Trust worth $1,458,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in MBTF. The Manufacturers Life Insurance Company boosted its holdings in shares of Monroe Bank & Trust by 30.2% during the second quarter. The Manufacturers Life Insurance Company now owns 18,759 shares of the financial services provider’s stock valued at $182,000 after acquiring an additional 4,347 shares during the period. Retirement Income Solutions Inc acquired a new position in shares of Monroe Bank & Trust during the fourth quarter valued at $189,000. Regal Investment Advisors LLC boosted its holdings in shares of Monroe Bank & Trust by 26.6% during the fourth quarter. Regal Investment Advisors LLC now owns 27,048 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 5,691 shares during the period. State Street Corp boosted its holdings in shares of Monroe Bank & Trust by 12.3% during the second quarter. State Street Corp now owns 259,256 shares of the financial services provider’s stock valued at $2,517,000 after acquiring an additional 28,398 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Monroe Bank & Trust by 6.2% during the fourth quarter. BlackRock Inc. now owns 911,517 shares of the financial services provider’s stock valued at $9,662,000 after acquiring an additional 53,158 shares during the period. 49.31% of the stock is owned by institutional investors.

Shares of NASDAQ MBTF opened at $10.20 on Friday. Monroe Bank & Trust has a fifty-two week low of $9.25 and a fifty-two week high of $11.65. The stock has a market cap of $251.51, a P/E ratio of 15.64 and a beta of -0.30.

Monroe Bank & Trust (NASDAQ:MBTF) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.23 earnings per share for the quarter. Monroe Bank & Trust had a net margin of 18.39% and a return on equity of 12.15%. The business had revenue of $14.03 million for the quarter.

Monroe Bank & Trust announced that its Board of Directors has approved a stock repurchase program on Thursday, January 25th that allows the company to repurchase 2,000,000 outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

In related news, Director Joseph S. Daly acquired 4,499 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were acquired at an average cost of $10.42 per share, for a total transaction of $46,879.58. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph S. Daly acquired 15,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average price of $9.95 per share, for a total transaction of $149,250.00. Following the completion of the purchase, the director now owns 200,212 shares of the company’s stock, valued at $1,992,109.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 25,563 shares of company stock worth $257,397. Company insiders own 22.90% of the company’s stock.

Several equities analysts have recently issued reports on MBTF shares. Sandler O’Neill set a $11.00 price target on shares of Monroe Bank & Trust and gave the company a “hold” rating in a report on Tuesday, March 27th. BidaskClub upgraded shares of Monroe Bank & Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st.

About Monroe Bank & Trust

MBT Financial Corp. operates as the bank holding company for the Monroe Bank & Trust that provides retail and commercial banking, and trust services to small and middle-market businesses and middle-income individuals. It offers checking and savings accounts, time deposits, and IRAs; and commercial loans, personal loans, real estate mortgage loans, and installment loans.

Want to see what other hedge funds are holding MBTF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monroe Bank & Trust (NASDAQ:MBTF).

Institutional Ownership by Quarter for Monroe Bank & Trust (NASDAQ:MBTF)

Receive News & Ratings for Monroe Bank & Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monroe Bank & Trust and related companies with MarketBeat.com's FREE daily email newsletter.