MB Financial Inc (MBFI) Given Average Recommendation of “Hold” by Analysts

MB Financial Inc (NASDAQ:MBFI) has received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $49.10.

Several brokerages recently weighed in on MBFI. Zacks Investment Research cut MB Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. Raymond James raised MB Financial from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 31st. Finally, BidaskClub raised MB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MBFI. Oregon Public Employees Retirement Fund grew its stake in shares of MB Financial by 3,937.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,331,291 shares of the bank’s stock worth $34,000 after acquiring an additional 1,298,314 shares during the last quarter. Water Island Capital LLC grew its stake in shares of MB Financial by 110.4% in the third quarter. Water Island Capital LLC now owns 1,289,108 shares of the bank’s stock worth $59,441,000 after acquiring an additional 676,348 shares during the last quarter. Morgan Stanley grew its stake in shares of MB Financial by 149.7% in the third quarter. Morgan Stanley now owns 808,043 shares of the bank’s stock worth $37,261,000 after acquiring an additional 484,377 shares during the last quarter. BlackRock Inc. grew its stake in shares of MB Financial by 3.0% in the fourth quarter. BlackRock Inc. now owns 9,859,271 shares of the bank’s stock worth $390,723,000 after acquiring an additional 285,569 shares during the last quarter. Finally, Chicago Capital Management LLC grew its stake in shares of MB Financial by 148.2% in the third quarter. Chicago Capital Management LLC now owns 398,513 shares of the bank’s stock worth $18,375,000 after acquiring an additional 237,923 shares during the last quarter. 76.23% of the stock is currently owned by hedge funds and other institutional investors.

MBFI stock traded up $0.06 during midday trading on Wednesday, hitting $44.81. The stock had a trading volume of 2,955 shares, compared to its average volume of 504,810. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 1.27 and a beta of 1.02. MB Financial has a 52-week low of $37.13 and a 52-week high of $51.59. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.17.

MB Financial (NASDAQ:MBFI) last issued its quarterly earnings results on Tuesday, January 22nd. The bank reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The company had revenue of $245.19 million for the quarter, compared to analysts’ expectations of $238.95 million. MB Financial had a return on equity of 8.06% and a net margin of 19.58%. During the same period in the prior year, the firm earned $0.53 earnings per share. Equities research analysts expect that MB Financial will post 3.28 earnings per share for the current fiscal year.

About MB Financial

MB Financial, Inc operates as a bank holding company for MB Financial Bank, N.A. that provides various financial services to small and middle market businesses, and individuals in the United States. The company operates through three segments: Banking, Leasing, and Mortgage Banking. The Banking segment offers commercial banking products, including working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; industrial revenue bond financing; ESOP financing; business acquisition loans; owner occupied real estate loans; asset-based loans; and financial, performance, and commercial letters of credit.

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