MB Financial Inc. (MBFI) Sees Large Volume Increase
Shares of MB Financial Inc. (NASDAQ:MBFI) saw unusually-strong trading volume on Friday . Approximately 1,123,511 shares changed hands during trading, an increase of 115% from the previous session’s volume of 522,684 shares.The stock last traded at $39.39 and had previously closed at $39.16.
Several analysts recently issued reports on MBFI shares. JPMorgan Chase & Co. boosted their target price on shares of MB Financial from $35.50 to $36.50 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Sandler O’Neill lowered shares of MB Financial from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. DA Davidson boosted their target price on shares of MB Financial from $39.19 to $43.00 and gave the company a “neutral” rating in a research report on Friday, August 26th. Zacks Investment Research upgraded shares of MB Financial from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Saturday, July 9th. Finally, Piper Jaffray Cos. assumed coverage on shares of MB Financial in a research report on Friday, June 10th. They issued an “overweight” rating and a $41.00 price target for the company. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.17.
The stock has a market cap of $2.89 billion and a price-to-earnings ratio of 18.40. The company has a 50 day moving average price of $38.69 and a 200 day moving average price of $35.15.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Tuesday, September 13th.
In related news, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $39.05, for a total value of $195,250.00. Following the completion of the transaction, the vice president now directly owns 69,889 shares of the company’s stock, valued at $2,729,165.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jill E. York sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $37.26, for a total value of $93,150.00. Following the completion of the transaction, the chief financial officer now directly owns 75,438 shares of the company’s stock, valued at $2,810,819.88. The disclosure for this sale can be found here.
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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