MB Financial Inc. (MBFI) Sees Strong Trading Volume
MB Financial Inc. (NASDAQ:MBFI) saw an uptick in trading volume on Friday . 1,123,511 shares were traded 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.
A number of research firms have commented on MBFI. JPMorgan Chase & Co. reiterated a “hold” rating on shares of MB Financial in a research report on Saturday, July 9th. Zacks Investment Research upgraded MB Financial from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Saturday, July 9th. Sandler O’Neill downgraded MB Financial from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Piper Jaffray Cos. began coverage on MB Financial in a research report on Friday, June 10th. They set an “overweight” rating and a $41.00 target price on the stock. Finally, DA Davidson boosted their target price on MB Financial from $39.19 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 26th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.17.
The company has a market capitalization of $2.89 billion and a P/E ratio of 18.40. The firm has a 50-day moving average price of $38.69 and a 200-day moving average price of $35.15.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a 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 firm’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 sale, the vice president now directly owns 69,889 shares in the company, valued at approximately $2,729,165.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jill E. York sold 2,500 shares of the firm’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 sale, the chief financial officer now owns 75,438 shares in the company, 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.