MB Financial (MBFI) PT Set at $44.00 by Hovde Group

MB Financial (NASDAQ:MBFI) received a $44.00 target price from equities research analysts at Hovde Group in a research report issued to clients and investors on Thursday. The firm presently has a “hold” rating on the bank’s stock. Hovde Group’s target price indicates a potential upside of 9.21% from the company’s current price.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised MB Financial from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Thursday, January 25th. SunTrust Banks reissued a “buy” rating and issued a $52.00 target price on shares of MB Financial in a report on Tuesday, January 9th. Piper Jaffray Companies reissued a “hold” rating and issued a $44.00 target price on shares of MB Financial in a report on Thursday, October 19th. Jefferies Group reissued a “hold” rating and issued a $49.00 target price on shares of MB Financial in a report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $49.00 target price on shares of MB Financial in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $48.22.

MB Financial (NASDAQ:MBFI) opened at $40.29 on Thursday. The company has a market capitalization of $3,331.54, a price-to-earnings ratio of 16.61, a P/E/G ratio of 1.35 and a beta of 1.03. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. MB Financial has a twelve month low of $38.28 and a twelve month high of $47.64.

MB Financial (NASDAQ:MBFI) last posted its earnings results on Thursday, January 25th. The bank reported $0.53 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.10). The business had revenue of $242.71 million during the quarter, compared to analysts’ expectations of $251.78 million. MB Financial had a net margin of 29.25% and a return on equity of 8.11%. During the same period last year, the company earned $0.59 EPS. equities analysts expect that MB Financial will post 2.81 EPS for the current fiscal year.

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 transaction of $638,435.00. Following the transaction, the insider now owns 55,236 shares of the company’s stock, valued at $2,554,665. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction, the vice president now directly owns 65,430 shares in the company, valued at approximately $2,918,178. The disclosure for this sale can be found here. Company insiders own 7.05% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of MB Financial by 1.8% during the fourth quarter. BlackRock Inc. now owns 8,837,206 shares of the bank’s stock worth $393,431,000 after purchasing an additional 158,360 shares during the last quarter. Virtus Fund Advisers LLC grew its holdings in shares of MB Financial by 10.5% during the fourth quarter. Virtus Fund Advisers LLC now owns 1,996,250 shares of the bank’s stock worth $88,873,000 after purchasing an additional 189,200 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of MB Financial by 2.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,652,946 shares of the bank’s stock worth $73,590,000 after purchasing an additional 45,083 shares during the last quarter. Channing Capital Management LLC grew its holdings in shares of MB Financial by 1.5% during the third quarter. Channing Capital Management LLC now owns 1,598,971 shares of the bank’s stock worth $71,986,000 after purchasing an additional 23,593 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of MB Financial by 8.6% during the third quarter. Bank of New York Mellon Corp now owns 1,206,213 shares of the bank’s stock worth $54,303,000 after purchasing an additional 95,262 shares during the last quarter. 76.48% of the stock is currently owned by 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.

Analyst Recommendations for MB Financial (NASDAQ:MBFI)

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