MB Financial Rating Increased to Neutral at Zacks (MBFI)
MB Financial (NASDAQ:MBFI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday. The firm currently has a $27.70 price objective on the stock. Zacks‘s price objective points to a potential downside of 0.72% from the company’s current price.
Separately, analysts at SunTrust cut their price target on shares of MB Financial from $33.00 to $29.00 in a research note on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, MB Financial currently has a consensus rating of “Hold” and a consensus price target of $30.95.
Shares of MB Financial (NASDAQ:MBFI) traded up 3.14% during mid-day trading on Tuesday, hitting $27.90. 1,567,032 shares of the company’s stock traded hands. MB Financial has a 52 week low of $25.15 and a 52 week high of $32.85. The stock has a 50-day moving average of $27.20 and a 200-day moving average of $29.34. The company has a market cap of $1.524 billion and a price-to-earnings ratio of 16.01.
MB Financial (NASDAQ:MBFI) last announced its earnings results on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.04. On average, analysts predict that MB Financial will post $1.67 earnings per share for the current fiscal year.
MB Financial, Inc (NASDAQ:MBFI), is a financial holding company.
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