Shares of MB Financial Inc. (NASDAQ:MBFI) have been given a consensus rating of “Hold” by the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $47.29.
MBFI has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Tuesday, July 4th. BidaskClub lowered shares of MB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Piper Jaffray Companies lowered shares of MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 price objective for the company. in a report on Friday, July 21st. Hovde Group cut their price objective on shares of MB Financial from $49.00 to $45.00 and set a “market perform” rating for the company in a report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $45.00 price objective on shares of MB Financial in a report on Tuesday, August 29th.
MB Financial (MBFI) traded up 0.81% during trading on Thursday, reaching $45.94. 367,235 shares of the company’s stock were exchanged. The company has a market cap of $3.85 billion, a P/E ratio of 20.96 and a beta of 1.18. MB Financial has a 12-month low of $35.65 and a 12-month high of $48.47. The stock’s 50-day moving average is $44.57 and its 200-day moving average is $42.64.
MB Financial (NASDAQ:MBFI) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.08. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. The business had revenue of $252.21 million during the quarter, compared to analyst estimates of $253.15 million. During the same period last year, the firm posted $0.61 EPS. Analysts predict that MB Financial will post $2.47 EPS for the current fiscal year.
In related news, Director Ronald D. Santo sold 2,542 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $39.78, for a total value of $101,120.76. Following the completion of the transaction, the director now directly owns 59,505 shares of the company’s stock, valued at $2,367,108.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.93% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas grew its holdings in shares of MB Financial by 0.6% in the second quarter. Teacher Retirement System of Texas now owns 6,381 shares of the bank’s stock valued at $281,000 after purchasing an additional 41 shares in the last quarter. Capstone Asset Management Co. grew its holdings in shares of MB Financial by 1.6% in the second quarter. Capstone Asset Management Co. now owns 5,018 shares of the bank’s stock valued at $221,000 after purchasing an additional 80 shares in the last quarter. First National Bank of Omaha grew its holdings in shares of MB Financial by 0.4% in the second quarter. First National Bank of Omaha now owns 39,275 shares of the bank’s stock valued at $1,730,000 after purchasing an additional 160 shares in the last quarter. Suntrust Banks Inc. grew its holdings in shares of MB Financial by 4.0% in the second quarter. Suntrust Banks Inc. now owns 5,162 shares of the bank’s stock valued at $226,000 after purchasing an additional 200 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of MB Financial by 8.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock valued at $144,000 after purchasing an additional 262 shares in the last quarter. 74.86% of the stock is owned by hedge funds and other institutional investors.
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About MB Financial
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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