MB Financial (MBFI) Given a $49.00 Price Target by Hovde Group Analysts
MB Financial (NASDAQ:MBFI) has been given a $49.00 target price by equities researchers at Hovde Group in a report issued on Friday. The firm currently has a “hold” rating on the bank’s stock. Hovde Group’s target price would indicate a potential upside of 4.34% from the stock’s current price.
A number of other brokerages also recently commented on MBFI. BidaskClub downgraded shares of MB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Zacks Investment Research downgraded shares of MB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $45.00 target price on shares of MB Financial in a report on Tuesday, October 3rd. Jefferies Group restated a “hold” rating and issued a $48.00 target price on shares of MB Financial in a report on Friday, September 15th. Finally, SunTrust Banks restated a “buy” rating and issued a $52.00 target price on shares of MB Financial in a report on Tuesday, January 9th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. MB Financial presently has a consensus rating of “Hold” and an average target price of $49.00.
Shares of MB Financial (NASDAQ:MBFI) opened at $46.96 on Friday. The company has a market cap of $3,939.66, a PE ratio of 19.17, a PEG ratio of 1.47 and a beta of 1.20. MB Financial has a twelve month low of $38.28 and a twelve month high of $47.64. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.08. The business had revenue of $252.21 million during the quarter, compared to the consensus estimate of $253.15 million. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. During the same period in the previous year, the firm posted $0.61 earnings per share. research analysts predict that MB Financial will post 2.46 EPS for the current year.
In related news, insider Mark A. Heckler sold 13,804 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $46.25, for a total value of $638,435.00. Following the completion of the sale, the insider now directly owns 55,236 shares in the company, valued at $2,554,665. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jill E. York sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $44.60, for a total transaction of $223,000.00. Following the completion of the sale, the vice president now owns 65,430 shares of the company’s stock, valued at $2,918,178. The disclosure for this sale can be found here. 7.05% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC grew its stake in MB Financial by 50.6% during the second quarter. Riverhead Capital Management LLC now owns 2,560 shares of the bank’s stock worth $113,000 after buying an additional 860 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in MB Financial by 20.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock worth $143,000 after buying an additional 556 shares during the period. PNC Financial Services Group Inc. grew its stake in MB Financial by 8.7% during the second quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock worth $144,000 after buying an additional 262 shares during the period. HighPoint Advisor Group LLC purchased a new stake in MB Financial during the third quarter worth approximately $208,000. Finally, Legato Capital Management LLC purchased a new stake in MB Financial during the third quarter worth approximately $223,000. Institutional investors own 76.48% of the company’s stock.
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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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