MB Financial Inc. (MBFI) Earns “Hold” Rating from Jefferies Group LLC
MB Financial Inc. (NASDAQ:MBFI)‘s stock had its “hold” rating reaffirmed by Jefferies Group LLC in a report issued on Friday. They presently have a $48.00 price target on the bank’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 15.25% from the stock’s current price.
A number of other research analysts have also weighed in on MBFI. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $45.00 price objective on shares of MB Financial in a report on Tuesday, August 29th. Zacks Investment Research lowered MB Financial from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Hovde Group dropped their price objective on MB Financial from $49.00 to $45.00 and set a “market perform” rating on the stock in a report on Monday, July 24th. Piper Jaffray Companies lowered MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a report on Monday, July 24th. Finally, BidaskClub lowered MB Financial from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $47.56.
Shares of MB Financial (MBFI) traded up 0.46% on Friday, hitting $41.65. The stock had a trading volume of 2,796,924 shares. The firm has a 50 day moving average of $40.14 and a 200 day moving average of $42.23. The stock has a market cap of $3.49 billion, a P/E ratio of 19.00 and a beta of 1.14. MB Financial has a 12 month low of $35.00 and a 12 month high of $48.47.
MB Financial (NASDAQ:MBFI) last announced 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). MB Financial had a return on equity of 7.99% and a net margin of 19.12%. The business had revenue of $239.51 million for the quarter, compared to analyst estimates of $247.39 million. During the same period in the prior year, the company earned $0.58 EPS. On average, equities analysts forecast that MB Financial will post $2.44 earnings per share for the current fiscal year.
In other MB Financial news, Director Ronald D. Santo sold 2,542 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $39.78, for a total value of $101,120.76. Following the sale, the director now owns 59,505 shares of the company’s stock, valued at $2,367,108.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.05% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of MBFI. BlackRock Inc. lifted its position in shares of MB Financial by 17,590.9% in the first quarter. BlackRock Inc. now owns 7,742,414 shares of the bank’s stock valued at $331,530,000 after acquiring an additional 7,698,649 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of MB Financial by 8.6% in the first quarter. Vanguard Group Inc. now owns 6,427,280 shares of the bank’s stock valued at $275,215,000 after acquiring an additional 510,128 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of MB Financial by 197.2% in the first quarter. Wells Fargo & Company MN now owns 446,257 shares of the bank’s stock valued at $19,109,000 after acquiring an additional 296,089 shares in the last quarter. Northern Trust Corp lifted its position in shares of MB Financial by 13.8% in the second quarter. Northern Trust Corp now owns 1,734,133 shares of the bank’s stock valued at $76,372,000 after acquiring an additional 210,352 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its position in shares of MB Financial by 52.7% in the second quarter. Federated Investors Inc. PA now owns 582,318 shares of the bank’s stock valued at $25,645,000 after acquiring an additional 201,060 shares in the last quarter. Institutional investors and hedge funds own 74.74% of the company’s stock.
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.
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