MB Financial Inc. (MBFI) Research Coverage Started at JMP Securities
A number of other analysts have also recently commented on MBFI. JPMorgan Chase & Co. reaffirmed a hold rating on shares of MB Financial in a research report on Saturday, July 9th. Zacks Investment Research raised MB Financial from a hold rating to a buy rating and set a $41.00 price objective for the company in a report on Saturday, July 9th. Sandler O’Neill cut MB Financial from a buy rating to a hold rating in a report on Friday, August 26th. 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 objective for the company. Finally, DA Davidson boosted their price objective on MB Financial from $39.19 to $43.00 and gave the company a neutral rating in a report on Friday, August 26th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $36.17.
MB Financial (NASDAQ:MBFI) opened at 37.86 on Friday. The firm’s 50-day moving average price is $38.71 and its 200 day moving average price is $35.80. The stock has a market cap of $2.78 billion, a PE ratio of 17.68 and a beta of 1.09. MB Financial has a 12-month low of $27.98 and a 12-month high of $39.50.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.76 annualized dividend and a yield of 2.01%. MB Financial’s dividend payout ratio (DPR) is currently 35.68%.
In other MB Financial news, Director Thomas H. Harvey sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $37.96, for a total transaction of $759,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jill E. York sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $37.26, for a total value of $93,150.00. Following the sale, the chief financial officer now owns 75,438 shares of the company’s stock, valued at $2,810,819.88. The disclosure for this sale can be found here. Company insiders own 7.05% of the company’s stock.
Large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in MB Financial during the fourth quarter valued at approximately $18,398,000. Alpha Windward LLC purchased a new stake in MB Financial during the first quarter valued at approximately $419,000. Aperio Group LLC raised its stake in MB Financial by 42.4% in the first quarter. Aperio Group LLC now owns 15,944 shares of the company’s stock valued at $517,000 after buying an additional 4,744 shares during the period. IFP Advisors Inc raised its stake in MB Financial by 14.9% in the first quarter. IFP Advisors Inc now owns 9,250 shares of the company’s stock valued at $300,000 after buying an additional 1,201 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in MB Financial by 5.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 25,509 shares of the company’s stock valued at $828,000 after buying an additional 1,325 shares during the period. Institutional investors own 64.18% of the company’s stock.
About MB Financial
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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