MB Financial (MBFI) Given a $49.00 Price Target at Hovde Group

Hovde Group set a $49.00 price objective on MB Financial (NASDAQ:MBFI) in a research note released on Friday morning. The brokerage currently has a hold rating on the bank’s stock.

MBFI has been the subject of a number of other reports. SunTrust Banks set a $48.00 price target on shares of MB Financial and gave the company a buy rating in a report on Friday, October 20th. BidaskClub raised shares of MB Financial from a sell rating to a hold rating in a report on Friday, December 22nd. Jefferies Group reissued a hold rating and set a $48.00 price objective on shares of MB Financial in a report on Friday, September 15th. Zacks Investment Research raised shares of MB Financial from a sell rating to a hold rating in a report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reissued a hold rating and set a $49.00 price objective on shares of MB Financial in a report on Friday, December 22nd. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $49.00.

MB Financial (MBFI) traded up $0.13 on Friday, reaching $46.96. 256,674 shares of the company were exchanged, compared to its average volume of 395,301. The firm has a market cap of $3,940.00, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 1.46 and a beta of 1.20. MB Financial has a 1-year low of $38.28 and a 1-year high of $47.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.89.

MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.08. The business had revenue of $252.21 million during the quarter, compared to analyst estimates of $253.15 million. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. During the same period last year, the business earned $0.61 EPS. analysts forecast that MB Financial will post 2.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.79%. The ex-dividend date was Thursday, December 14th. MB Financial’s dividend payout ratio is currently 35.74%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of MB Financial by 2.4% in the 2nd quarter. BlackRock Inc. now owns 7,927,754 shares of the bank’s stock valued at $349,139,000 after buying an additional 185,340 shares during the period. Vanguard Group Inc. boosted its holdings in shares of MB Financial by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 6,531,759 shares of the bank’s stock valued at $287,658,000 after buying an additional 104,479 shares during the period. Northern Trust Corp boosted its holdings in shares of MB Financial by 13.8% in the 2nd quarter. Northern Trust Corp now owns 1,734,133 shares of the bank’s stock valued at $76,372,000 after buying an additional 210,352 shares during the period. Channing Capital Management LLC boosted its holdings in shares of MB Financial by 1.5% in the 3rd quarter. Channing Capital Management LLC now owns 1,598,971 shares of the bank’s stock valued at $71,986,000 after buying an additional 23,593 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of MB Financial by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,582,553 shares of the bank’s stock valued at $69,696,000 after buying an additional 102,149 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for MB Financial (NASDAQ:MBFI)

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