Shares of MB Financial Inc. (NASDAQ:MBFI) hit a new 52-week high on Tuesday . The stock traded as high as $39.40 and last traded at $39.22, with a volume of 100,812 shares. The stock had previously closed at $38.93.

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. reissued a “hold” rating on shares of MB Financial in a research note on Saturday, July 9th. Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Saturday, July 9th. Finally, Piper Jaffray Cos. started coverage on shares of MB Financial in a research note on Friday, June 10th. They issued an “overweight” rating and a $41.00 price objective on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $35.39.

The company has a market cap of $2.89 billion and a P/E ratio of 18.35. The stock has a 50-day moving average price of $38.24 and a 200-day moving average price of $34.74.

In other news, CFO Jill E. York sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $37.26, for a total transaction of $93,150.00. Following the sale, the chief financial officer now owns 75,438 shares in the company, valued at approximately $2,810,819.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas H. Harvey sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $37.96, for a total transaction of $759,200.00. The disclosure for this sale can be found here.

An institutional investor recently raised its position in MB Financial stock. Principal Financial Group Inc. increased its stake in shares of MB Financial Inc. (NASDAQ:MBFI) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 466,315 shares of the company’s stock after buying an additional 15,862 shares during the period. Principal Financial Group Inc. owned 0.64% of MB Financial worth $15,095,000 as of its most recent filing with the SEC.

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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