MB Financial (NASDAQ:MBFI) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
A number of other research analysts also recently issued reports on MBFI. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $45.00 target price on shares of MB Financial in a research report on Tuesday, August 29th. Jefferies Group reiterated a “hold” rating and set a $48.00 target price on shares of MB Financial in a research report on Friday, September 15th. Zacks Investment Research upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Piper Jaffray Companies reiterated a “hold” rating and set a $44.00 target price on shares of MB Financial in a research report on Thursday, October 19th. Finally, SunTrust Banks set a $48.00 target price on shares of MB Financial and gave the company a “buy” rating in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $47.63.
Shares of MB Financial (MBFI) remained flat at $$44.39 during midday trading on Tuesday. The company had a trading volume of 451,791 shares, compared to its average volume of 373,467. The stock has a market cap of $3,770.20, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.74 and a beta of 1.19. MB Financial has a 52-week low of $38.28 and a 52-week high of $48.47. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.08. The firm had revenue of $252.21 million for the quarter, compared to the consensus estimate of $253.15 million. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. During the same quarter in the previous year, the company earned $0.61 EPS. analysts predict that MB Financial will post 2.47 earnings per share for the current year.
In related news, insider Mark A. Heckler sold 13,804 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were 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 in the company, valued at approximately $2,554,665. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total transaction of $223,000.00. Following the transaction, the vice president now owns 65,430 shares in the company, valued at approximately $2,918,178. The disclosure for this sale can be found here. 4.93% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC raised its holdings in MB Financial by 50.6% during the second quarter. Riverhead Capital Management LLC now owns 2,560 shares of the bank’s stock worth $113,000 after buying an additional 860 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in MB Financial by 20.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock worth $143,000 after buying an additional 556 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in MB Financial by 8.7% during the second quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock worth $144,000 after buying an additional 262 shares during the last quarter. World Asset Management Inc acquired a new position in MB Financial during the second quarter worth $201,000. Finally, HighPoint Advisor Group LLC acquired a new position in MB Financial during the third quarter worth $208,000. Hedge funds and other institutional investors own 76.61% of the company’s stock.
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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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