MB Financial (MBFI) Rating Increased to Buy at ValuEngine

MB Financial (NASDAQ:MBFI) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

A number of other brokerages also recently issued reports on MBFI. DA Davidson upped their price objective on shares of MB Financial to $54.20 in a research report on Tuesday. Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, January 25th. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $45.00 price objective on shares of MB Financial in a research report on Sunday, January 28th. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $46.00 price objective on shares of MB Financial in a research report on Friday, January 26th. Nine research analysts have rated the stock with 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 target price of $47.91.

Shares of MBFI stock opened at $50.36 on Tuesday. MB Financial has a 52-week low of $38.28 and a 52-week high of $51.33. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 1.62 and a beta of 1.02.

MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Tuesday, April 24th. The bank reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. MB Financial had a net margin of 28.85% and a return on equity of 7.52%. The business had revenue of $246.18 million during the quarter, compared to the consensus estimate of $249.16 million. During the same period in the prior year, the firm posted $0.60 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. equities analysts expect that MB Financial will post 2.9 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of MB Financial by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 365,712 shares of the bank’s stock valued at $14,804,000 after acquiring an additional 10,661 shares during the period. Summit Trail Advisors LLC grew its position in shares of MB Financial by 4,271.2% during the 1st quarter. Summit Trail Advisors LLC now owns 3,247,650 shares of the bank’s stock valued at $3,248,000 after acquiring an additional 3,173,354 shares during the period. Wesbanco Bank Inc. bought a new position in shares of MB Financial during the 1st quarter valued at approximately $630,000. Xact Kapitalforvaltning AB grew its position in shares of MB Financial by 56.7% during the 1st quarter. Xact Kapitalforvaltning AB now owns 11,881 shares of the bank’s stock valued at $481,000 after acquiring an additional 4,300 shares during the period. Finally, Royal Bank of Canada grew its position in shares of MB Financial by 4.8% during the 1st quarter. Royal Bank of Canada now owns 598,306 shares of the bank’s stock valued at $24,219,000 after acquiring an additional 27,526 shares during the period. 75.67% of the stock is owned by hedge funds and other institutional investors.

MB Financial Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for MB Financial (NASDAQ:MBFI)

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