3M Company (MMM) Is At $198.84 Formed Wedge; MBT Financial Has 1.04 Sentiment

MBT Financial Corp. (NASDAQ:MBTF) Logo

MBT Financial Corp (MBTF) investors sentiment increased to 1.04 in Q4 2017. It’s up 0.12, from 0.92 in 2017Q3. The ratio has increased, as 26 investment managers started new and increased holdings, while 25 sold and reduced their stakes in MBT Financial Corp. The investment managers in our database now hold: 11.29 million shares, up from 11.22 million shares in 2017Q3. Also, the number of investment managers holding MBT Financial Corp in top ten holdings was flat from 2 to 2 for the same number . Sold All: 6 Reduced: 19 Increased: 19 New Position: 7.

3M Company (MMM) formed wedge down with $180.94 target or 9.00% below today’s $198.84 share price. 3M Company (MMM) has $118.25 billion valuation. The stock decreased 1.14% or $2.29 during the last trading session, reaching $198.84. About 6.21 million shares traded or 111.91% up from the average. 3M Company (NYSE:MMM) has risen 13.36% since April 26, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Investors sentiment increased to 0.83 in Q4 2017. Its up 0.06, from 0.77 in 2017Q3. It increased, as 47 investors sold 3M Company shares while 635 reduced holdings. 147 funds opened positions while 416 raised stakes. 383.04 million shares or 1.04% less from 387.06 million shares in 2017Q3 were reported. Eagle Asset Management Inc holds 480,917 shares or 0.62% of its portfolio. Patten Patten Incorporated Tn owns 60,379 shares for 1.42% of their portfolio. Beck Mack Oliver Lc has invested 0.16% in 3M Company (NYSE:MMM). Edge Wealth Mgmt Limited Liability holds 250 shares or 0.02% of its portfolio. Rothschild Investment Il, Illinois-based fund reported 12,857 shares. Qci Asset Mngmt Incorporated Ny holds 0.01% or 318 shares. Rosenbaum Jay D reported 2.33% in 3M Company (NYSE:MMM). Wesbanco Commercial Bank Inc, West Virginia-based fund reported 102,279 shares. Nuwave Invest Mngmt Ltd holds 2,368 shares or 0.66% of its portfolio. Regal Invest Advsr Ltd Limited Liability Company has invested 0.53% of its portfolio in 3M Company (NYSE:MMM). Canada Pension Plan Inv Board stated it has 133,582 shares. Kepos Ltd Partnership holds 0.15% or 7,181 shares in its portfolio. Bbr Partners owns 857 shares or 0.03% of their US portfolio. First Commonwealth Fin Corporation Pa has invested 0.57% of its portfolio in 3M Company (NYSE:MMM). Arrow Financial Corporation holds 9,277 shares.

Among 17 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 4 Sell and 5 Hold. Therefore 47% are positive. 3M has $28400 highest and $135 lowest target. $227.06’s average target is 14.19% above currents $198.84 stock price. 3M had 89 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Monday, October 24 by Barclays Capital. Credit Suisse maintained 3M Company (NYSE:MMM) rating on Wednesday, October 25. Credit Suisse has “Outperform” rating and $260 target. As per Thursday, January 18, the company rating was maintained by J.P. Morgan. RBC Capital Markets maintained 3M Company (NYSE:MMM) on Wednesday, December 16 with “Underperform” rating. Credit Suisse maintained the shares of MMM in report on Tuesday, March 15 with “Outperform” rating. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Thursday, June 1 by Jefferies. On Tuesday, April 12 the stock rating was maintained by Jefferies with “Buy”. Barclays Capital maintained 3M Company (NYSE:MMM) on Wednesday, April 25 with “Underweight” rating. Deutsche Bank upgraded the stock to “Buy” rating in Tuesday, February 13 report. On Friday, July 24 the stock rating was maintained by UBS with “Buy”.

Since October 27, 2017, it had 0 buys, and 17 selling transactions for $31.08 million activity. Another trade for 6,243 shares valued at $1.54M was sold by Vale Michael G.. $8.85 million worth of 3M Company (NYSE:MMM) was sold by THULIN INGE G. The insider Gangestad Nicholas C sold 4,004 shares worth $936,291. 3,133 shares were sold by Little Frank R Jr., worth $742,051 on Friday, February 23. Fong Ivan K also sold $547,377 worth of 3M Company (NYSE:MMM) on Friday, October 27. 4,146 shares valued at $1.02 million were sold by Roman Michael F on Friday, February 2. 7,473 shares were sold by Shin Hak Cheol, worth $1.86M on Thursday, February 1.

The stock decreased 0.45% or $0.05 during the last trading session, reaching $10.95. About 14,880 shares traded. MBT Financial Corp. (MBTF) has declined 0.96% since April 26, 2017 and is downtrending. It has underperformed by 12.51% the S&P500.

Castle Creek Capital Partners Iv Lp holds 17.81% of its portfolio in MBT Financial Corp. for 1.88 million shares. Patriot Financial Partners Gp Lp owns 2.06 million shares or 11.24% of their US portfolio. Moreover, Fj Capital Management Llc has 0.44% invested in the company for 334,200 shares. The Illinois-based Banc Funds Co Llc has invested 0.28% in the stock. Norris Perne & French Llp Mi, a Michigan-based fund reported 85,563 shares.

Ratings analysis reveals 50% of MBT Financial’s analysts are positive. Out of 2 Wall Street analysts rating MBT Financial, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. MBTF was included in 2 notes of analysts from October 19, 2016. The stock of MBT Financial Corp. (NASDAQ:MBTF) earned “Buy” rating by Maxim Group on Wednesday, October 19. Sandler O’Neill downgraded the stock to “Hold” rating in Monday, February 6 report.

Since January 1, 0001, it had 4 insider purchases, and 0 selling transactions for $210,873 activity.

3M Company (NYSE:MMM) Institutional Positions Chart