MB Financial Inc. (NASDAQ:MBFI) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $38.39 and last traded at $38.21, with a volume of 163,499 shares changing hands. The stock had previously closed at $37.61.

MBFI has been the subject of several research analyst reports. Zacks Investment Research cut shares of MB Financial from a “hold” rating to a “sell” rating in a report on Thursday, April 14th. DA Davidson initiated coverage on shares of MB Financial in a report on Thursday, April 7th. They issued a “neutral” rating and a $36.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of MB Financial from $35.50 to $36.50 and gave the company a “neutral” rating in a report on Thursday, July 7th. Finally, Piper Jaffray Cos. assumed coverage on shares of MB Financial in a report on Friday, June 10th. They issued an “overweight” rating and a $41.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $35.39.

The company has a 50 day moving average of $35.71 and a 200-day moving average of $32.98. The stock has a market capitalization of $2.81 billion and a P/E ratio of 18.32.

MB Financial (NASDAQ:MBFI) last posted its quarterly earnings data on Monday, April 18th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. On average, equities analysts expect that MB Financial Inc. will post $2.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were issued a dividend of $0.19 per share. This is a positive change from MB Financial’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Monday, June 13th.

In other news, CAO John Francoeur sold 9,078 shares of the business’s stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $35.07, for a total transaction of $318,365.46. Following the completion of the transaction, the chief accounting officer now owns 8,474 shares of the company’s stock, valued at $297,183.18. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jill E. York sold 5,000 shares of the business’s stock in a transaction on Friday, April 22nd. The shares were sold at an average price of $35.24, for a total transaction of $176,200.00. Following the transaction, the chief financial officer now directly owns 79,711 shares of the company’s stock, valued at approximately $2,809,015.64. The disclosure for this sale can be found here.

Other large investors recently bought and sold shares of the company. Nationwide Fund Advisors increased its stake in MB Financial by 1.0% in the fourth quarter. Nationwide Fund Advisors now owns 63,689 shares of the company’s stock valued at $2,062,000 after buying an additional 660 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in MB Financial by 9.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 86,172 shares of the company’s stock valued at $2,789,000 after buying an additional 7,557 shares during the last quarter. Rhumbline Advisers increased its stake in MB Financial by 4.3% in the fourth quarter. Rhumbline Advisers now owns 125,644 shares of the company’s stock valued at $4,067,000 after buying an additional 5,225 shares during the last quarter. New York State Common Retirement Fund increased its stake in MB Financial by 0.7% in the fourth quarter. New York State Common Retirement Fund now owns 126,509 shares of the company’s stock valued at $4,095,000 after buying an additional 900 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in MB Financial by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 139,197 shares of the company’s stock valued at $4,506,000 after buying an additional 2,093 shares during the last quarter.

MB Financial, Inc is a financial holding company. The Company, through its bank subsidiary, MB Financial Bank, N.A., offers a range of financial services to small and middle market businesses, and individuals. The Company’s segments include banking, leasing and mortgage banking. Its banking segment includes lending and deposit gathering activities.

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