MB Financial (MBFI) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of MB Financial (NASDAQ:MBFI) from a sell rating to a hold rating in a report published on Friday morning.

A number of other research analysts have also recently weighed in on MBFI. Keefe, Bruyette & Woods restated a hold rating and issued a $45.00 price target on shares of MB Financial in a research report on Tuesday, August 29th. Jefferies Group restated a hold rating and issued a $48.00 price target on shares of MB Financial in a research report on Friday, September 15th. Zacks Investment Research upgraded MB Financial from a sell rating to a hold rating in a research report on Wednesday, September 27th. Piper Jaffray Companies restated a hold rating and issued a $44.00 price target on shares of MB Financial in a research report on Thursday, October 19th. Finally, SunTrust Banks set a $48.00 price target on MB Financial and gave the company a buy rating in a research report on Friday, October 20th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $48.13.

MB Financial (MBFI) opened at $45.20 on Friday. MB Financial has a 52-week low of $38.28 and a 52-week high of $48.47. The firm has a market capitalization of $3,770.00, a price-to-earnings ratio of 19.23, a PEG ratio of 1.75 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.84.

MB Financial (NASDAQ:MBFI) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.08. MB Financial had a return on equity of 8.40% and a net margin of 20.21%. The business had revenue of $252.21 million during the quarter, compared to analysts’ expectations of $253.15 million. During the same quarter last year, the business posted $0.61 earnings per share. sell-side analysts forecast that MB Financial will post 2.48 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Thursday, December 14th. MB Financial’s payout ratio is currently 35.74%.

In other MB Financial news, insider Mark A. Heckler sold 13,804 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $46.25, for a total value of $638,435.00. Following the sale, the insider now directly owns 55,236 shares of the company’s stock, valued at approximately $2,554,665. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jill E. York sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total value of $223,000.00. Following the completion of the sale, the vice president now directly owns 65,430 shares in the company, valued at $2,918,178. The disclosure for this sale can be found here. 7.05% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. Strs Ohio lifted its stake in shares of MB Financial by 17.6% in the 2nd quarter. Strs Ohio now owns 10,700 shares of the bank’s stock valued at $471,000 after purchasing an additional 1,600 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of MB Financial by 3.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 42,654 shares of the bank’s stock valued at $1,876,000 after buying an additional 1,386 shares during the period. Sei Investments Co. raised its holdings in shares of MB Financial by 11.6% during the 2nd quarter. Sei Investments Co. now owns 46,062 shares of the bank’s stock valued at $2,029,000 after buying an additional 4,772 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of MB Financial by 13.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 399,560 shares of the bank’s stock valued at $17,597,000 after buying an additional 48,252 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of MB Financial by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 30,000 shares of the bank’s stock valued at $1,321,000 after buying an additional 400 shares during the period. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

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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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