MB Financial Inc. (MBFI) Rating Lowered to Hold at Zacks Investment Research
MB Financial Inc. (NASDAQ:MBFI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
According to Zacks, “MB Financial, Inc. is a bank holding company which conducts a commercial banking business through Manufacturers Bank. “
MBFI has been the subject of a number of other reports. JMP Securities started coverage on MB Financial in a report on Friday, September 16th. They set a “market perform” rating for the company. JPMorgan Chase & Co. raised their price target on MB Financial from $35.50 to $36.50 and gave the company a “neutral” rating in a report on Thursday, July 7th. Sandler O’Neill cut MB Financial from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Finally, DA Davidson lifted their target price on MB Financial from $39.19 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 26th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. MB Financial presently has a consensus rating of “Hold” and a consensus price target of $36.28.
MB Financial (NASDAQ:MBFI) opened at 37.26 on Thursday. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 17.40 and a beta of 1.06. MB Financial has a 52-week low of $27.98 and a 52-week high of $39.50. The company’s 50-day moving average price is $38.18 and its 200 day moving average price is $36.39.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a $0.19 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $0.76 annualized dividend and a dividend yield of 2.04%. MB Financial’s dividend payout ratio is currently 35.68%.
In other news, insider Rose Marie Bouman sold 1,424 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $38.67, for a total value of $55,066.08. Following the transaction, the insider now directly owns 67,463 shares in the company, valued at approximately $2,608,794.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian J. Wildman sold 4,000 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $38.42, for a total value of $153,680.00. Following the completion of the transaction, the insider now owns 31,155 shares in the company, valued at $1,196,975.10. The disclosure for this sale can be found here. 7.05% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC raised its position 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 in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position 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 in the last quarter. TIAA CREF Investment Management LLC raised its position in MB Financial by 5.8% in the first quarter. TIAA CREF Investment Management LLC now owns 257,399 shares of the company’s stock valued at $8,353,000 after buying an additional 14,127 shares in the last quarter. Prudential Financial Inc. raised its position in MB Financial by 19.7% in the first quarter. Prudential Financial Inc. now owns 193,732 shares of the company’s stock valued at $6,286,000 after buying an additional 31,900 shares in the last quarter. Finally, BlackRock Inc. raised its position in MB Financial by 140.4% in the first quarter. BlackRock Inc. now owns 5,156 shares of the company’s stock valued at $168,000 after buying an additional 3,011 shares in the last quarter. Institutional investors and hedge funds own 64.18% of the company’s stock.
MB Financial Company Profile
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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