MB Financial Inc. (MBFI) Reaches New 1-Year High at $39.50
MB Financial Inc. (NASDAQ:MBFI) shares reached a new 52-week high on Monday . The stock traded as high as $39.50 and last traded at $39.39, with a volume of 875,900 shares changing hands. The stock had previously closed at $39.16.
Several research analysts have recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of MB Financial in a report 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 target price on the stock in a report on Saturday, July 9th. Piper Jaffray Cos. assumed coverage on shares of MB Financial in a report on Friday, June 10th. They set an “overweight” rating and a $41.00 target price on the stock. DA Davidson raised their target price on shares of MB Financial from $39.19 to $43.00 and gave the stock a “neutral” rating in a report on Friday, August 26th. Finally, Sandler O’Neill cut shares of MB Financial from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. MB Financial has an average rating of “Hold” and an average 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 stock’s 50-day moving average price is $38.69 and its 200 day moving average price is $35.15.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.93%. The ex-dividend date is Tuesday, September 13th.
In other MB Financial news, CFO Jill E. York sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $37.26, for a total value of $93,150.00. Following the transaction, the chief financial officer now directly owns 75,438 shares in the company, valued at $2,810,819.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Jill E. York sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $39.05, for a total transaction of $195,250.00. Following the completion of the transaction, the vice president now owns 69,889 shares in the company, valued at $2,729,165.45. 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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