MB Financial (MBFI) Getting Somewhat Favorable News Coverage, Study Finds

News stories about MB Financial (NASDAQ:MBFI) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. MB Financial earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 46.3511306743446 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

MB Financial (MBFI) opened at 38.92 on Friday. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 17.76 and a beta of 1.13. The stock has a 50 day moving average of $41.81 and a 200-day moving average of $42.92. MB Financial has a 52-week low of $35.00 and a 52-week high of $48.47.

MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.10. MB Financial had a return on equity of 7.99% and a net margin of 19.12%. The firm had revenue of $239.51 million for the quarter, compared to analyst estimates of $247.39 million. During the same period last year, the company earned $0.58 EPS. On average, analysts forecast that MB Financial will post $2.44 EPS for the current year.

Several equities analysts recently weighed in on MBFI shares. Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Tuesday, July 4th. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Jefferies Group LLC reaffirmed a “hold” rating and set a $48.00 price objective on shares of MB Financial in a research report on Sunday, June 11th. ValuEngine lowered shares of MB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Finally, Hovde Group cut their price objective on shares of MB Financial from $49.00 to $45.00 and set a “market perform” rating on the stock in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. MB Financial currently has an average rating of “Hold” and an average target price of $47.67.

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In other news, VP Jill E. York sold 5,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $42.30, for a total value of $211,500.00. Following the completion of the sale, the vice president now owns 71,525 shares of the company’s stock, valued at approximately $3,025,507.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James N. Hallene sold 4,877 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $44.40, for a total value of $216,538.80. Following the completion of the sale, the director now directly owns 25,339 shares of the company’s stock, valued at approximately $1,125,051.60. The disclosure for this sale can be found here. Corporate insiders own 7.05% of the company’s stock.

MB Financial Company Profile

MB Financial, Inc (MB Financial) is a financial holding company. The Company’s segments include banking, leasing and mortgage banking. As of December 31, 2016, the Company’s primary market was the Chicago metropolitan area, in which the Company operated 95 banking offices through its bank subsidiary, MB Financial Bank, N.A.

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