MB Financial Inc. (MBFI) Hits New 12-Month High at $39.40
MB Financial Inc. (NASDAQ:MBFI) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $39.40 and last traded at $39.22, with a volume of 100,812 shares traded. The stock had previously closed at $38.93.
Several research firms have weighed in on MBFI. JPMorgan Chase & Co. raised their price objective 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. Piper Jaffray Cos. began coverage on shares of MB Financial in a research report on Friday, June 10th. They issued an “overweight” rating and a $41.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of MB Financial from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Saturday, July 9th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. MB Financial currently has an average rating of “Buy” and a consensus price target of $35.39.
The company has a market cap of $2.88 billion and a PE ratio of 18.31. The firm’s 50-day moving average price is $38.10 and its 200 day moving average price is $34.64.
In other MB Financial news, CFO Jill E. York sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $36.12, for a total transaction of $90,300.00. Following the completion of the transaction, the chief financial officer now owns 102,563 shares of the company’s stock, valued at $3,704,575.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald D. Santo sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $36.05, for a total value of $180,250.00. Following the transaction, the director now directly owns 62,047 shares of the company’s stock, valued at approximately $2,236,794.35. The disclosure for this sale can be found here.
An institutional investor recently raised its position in MB Financial stock. New York State Common Retirement Fund boosted its stake in shares of MB Financial Inc. (NASDAQ:MBFI) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,509 shares of the company’s stock after buying an additional 900 shares during the period. New York State Common Retirement Fund owned approximately 0.17% of MB Financial worth $4,095,000 as of its most recent SEC filing.
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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