MB Financial Price Target Cut to $29.00 (MBFI)
Equities researchers at SunTrust dropped their target price on shares of MB Financial (NASDAQ:MBFI) from $33.00 to $29.00 in a research report issued on Friday, StockRatingsNetwork reports. SunTrust’s price objective would indicate a potential upside of 7.33% from the company’s current price.
Separately, analysts at Sandler O’Neill downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $31.60.
MB Financial (NASDAQ:MBFI) opened at 27.02 on Friday. MB Financial has a 52-week low of $24.79 and a 52-week high of $32.85. The stock has a 50-day moving average of $29.98 and a 200-day moving average of $30.32. The company has a market cap of $1.476 billion and a P/E ratio of 15.09.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.04. On average, analysts predict that MB Financial will post $1.92 earnings per share for the current fiscal year.
MB Financial, Inc (NASDAQ:MBFI), is a financial holding company.
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