MB Financial Inc. (NASDAQ:MBFI) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.27 and last traded at $39.20, with a volume of 119,948 shares traded. The stock had previously closed at $38.67.

Several brokerages have issued reports on MBFI. JPMorgan Chase & Co. restated a “hold” rating on shares of MB Financial in a report on Saturday, July 9th. Piper Jaffray Cos. began coverage on MB Financial in a report on Friday, June 10th. They issued an “overweight” rating and a $41.00 price target for the company. Finally, Zacks Investment Research upgraded MB Financial from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Saturday, July 9th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.39.

The company’s 50-day moving average is $37.67 and its 200 day moving average is $34.38. The company has a market capitalization of $2.88 billion and a PE ratio of 18.30.

In other MB Financial news, Director Ronald D. Santo sold 5,000 shares of MB Financial stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $36.05, for a total transaction of $180,250.00. Following the transaction, the director now directly owns 62,047 shares of the company’s stock, valued at approximately $2,236,794.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jill E. York sold 2,500 shares of MB Financial stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $36.12, for a total value of $90,300.00. Following the transaction, the chief financial officer now directly owns 102,563 shares in the company, valued at $3,704,575.56. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently made changes to their positions in the company. California Public Employees Retirement System increased its position in shares of MB Financial by 1.0% in the fourth quarter. California Public Employees Retirement System now owns 157,500 shares of the company’s stock valued at $5,098,000 after buying an additional 1,600 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of 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. Principal Financial Group Inc. increased its position in shares of MB Financial by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 466,315 shares of the company’s stock valued at $15,095,000 after buying an additional 15,862 shares during the last quarter. State of Tennessee Treasury Department bought a new position in shares of MB Financial during the fourth quarter valued at approximately $1,765,000. Finally, Piermont Capital Management Inc. bought a new position in shares of MB Financial during the fourth quarter valued at approximately $2,810,000.

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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