MB Financial (NASDAQ:MBFI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “MB Financial, Inc. is a bank holding company which conducts a commercial banking business through Manufacturers Bank. “

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Several other research analysts also recently commented on MBFI. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $49.00 price target on shares of MB Financial in a research note on Friday, December 22nd. SunTrust Banks reissued a “buy” rating and set a $52.00 price target on shares of MB Financial in a research note on Tuesday, January 9th. Hovde Group set a $49.00 price target on shares of MB Financial and gave the stock a “hold” rating in a research note on Friday, January 12th. Finally, DA Davidson downgraded shares of MB Financial from a “buy” rating to a “neutral” rating in a research note on Friday, January 26th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $46.75.

MBFI stock opened at $42.19 on Tuesday. The company has a market cap of $3,524.69, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 1.42 and a beta of 1.02. MB Financial has a one year low of $38.28 and a one year high of $47.64. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.27.

MB Financial (NASDAQ:MBFI) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.53 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.10). The business had revenue of $242.71 million for the quarter, compared to analysts’ expectations of $251.78 million. MB Financial had a return on equity of 8.11% and a net margin of 29.25%. During the same period last year, the business posted $0.59 earnings per share. analysts anticipate that MB Financial will post 2.8 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of MBFI. New York State Common Retirement Fund increased its stake in shares of MB Financial by 0.7% in the third quarter. New York State Common Retirement Fund now owns 177,181 shares of the bank’s stock worth $7,977,000 after buying an additional 1,296 shares during the period. Legal & General Group Plc increased its stake in shares of MB Financial by 20.6% in the third quarter. Legal & General Group Plc now owns 74,657 shares of the bank’s stock worth $3,364,000 after buying an additional 12,765 shares during the period. Jane Street Group LLC purchased a new position in shares of MB Financial in the third quarter worth $339,000. California Public Employees Retirement System increased its stake in shares of MB Financial by 7.6% in the third quarter. California Public Employees Retirement System now owns 151,834 shares of the bank’s stock worth $6,836,000 after buying an additional 10,734 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in shares of MB Financial by 51.7% in the third quarter. Parametric Portfolio Associates LLC now owns 326,526 shares of the bank’s stock worth $14,700,000 after buying an additional 111,338 shares during the period. 75.76% of the stock is currently owned by institutional investors.

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About MB Financial

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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