MB Financial Inc. (NASDAQ:MBFI) has earned a consensus recommendation of “Hold” from the thirteen analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $47.50.

A number of equities analysts have weighed in on the stock. BidaskClub cut shares of MB Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research cut shares of MB Financial from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Hovde Group reduced their price objective on shares of MB Financial from $49.00 to $45.00 and set a “market perform” rating for the company in a research report on Monday, July 24th. Piper Jaffray Companies cut shares of MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 price objective for the company. in a research report on Monday, July 24th. Finally, Wedbush restated a “neutral” rating and set a $48.00 price objective on shares of MB Financial in a research report on Tuesday, June 27th.

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MB Financial (NASDAQ MBFI) traded down 0.79% during trading on Friday, reaching $38.89. 431,803 shares of the company traded hands. MB Financial has a 52 week low of $35.00 and a 52 week high of $48.47. The company has a market capitalization of $3.26 billion, a P/E ratio of 17.74 and a beta of 1.13. The firm has a 50-day moving average price of $42.20 and a 200-day moving average price of $43.11.

MB Financial (NASDAQ:MBFI) last posted its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.10. The company had revenue of $239.51 million for the quarter, compared to analyst estimates of $247.39 million. MB Financial had a return on equity of 7.99% and a net margin of 19.12%. During the same quarter in the prior year, the company posted $0.58 earnings per share. Analysts forecast that MB Financial will post $2.44 earnings per share for the current fiscal year.

In other MB Financial news, Director James N. Hallene sold 4,877 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $44.40, for a total transaction of $216,538.80. Following the completion of the transaction, the director now owns 25,339 shares of the company’s stock, valued at $1,125,051.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mitchell Feiger sold 11,825 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $43.60, for a total transaction of $515,570.00. Following the transaction, the insider now directly owns 140,724 shares of the company’s stock, valued at approximately $6,135,566.40. The disclosure for this sale can be found here. Insiders sold 21,702 shares of company stock valued at $943,609 in the last three months. 7.05% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. raised its position in shares of MB Financial by 21.0% in the first quarter. Sei Investments Co. now owns 41,290 shares of the bank’s stock valued at $1,768,000 after buying an additional 7,180 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of MB Financial by 1.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 32,920 shares of the bank’s stock valued at $1,410,000 after buying an additional 440 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of MB Financial by 8.0% in the fourth quarter. Teachers Advisors LLC now owns 118,139 shares of the bank’s stock valued at $5,580,000 after buying an additional 8,746 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of MB Financial by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 18,000 shares of the bank’s stock valued at $771,000 after buying an additional 400 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of MB Financial by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 1,092,300 shares of the bank’s stock valued at $46,772,000 after buying an additional 47,122 shares in the last quarter. 74.48% of the stock is owned by institutional investors.

MB Financial Company Profile

MB Financial, Inc (MB Financial) is a financial holding company. The Company’s segments include banking, leasing and mortgage banking. As of December 31, 2016, the Company’s primary market was the Chicago metropolitan area, in which the Company operated 95 banking offices through its bank subsidiary, MB Financial Bank, N.A.

Analyst Recommendations for MB Financial (NASDAQ:MBFI)

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