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MB Financial (NASDAQ:MBFI) was upgraded by stock analysts at Sterne Agee from a “neutral” rating to a “buy” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.

MB Financial (NASDAQ:MBFI) traded down 0.49% during mid-day trading on Wednesday, hitting $28.44. 291,211 shares of the company’s stock traded hands. MB Financial has a one year low of $25.15 and a one year high of $32.85. The stock’s 50-day moving average is $27.48 and its 200-day moving average is $29.25. The company has a market cap of $1.554 billion and a price-to-earnings ratio of 16.91.

MB Financial (NASDAQ:MBFI) last announced its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.04. On average, analysts predict that MB Financial will post $1.77 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of MB Financial from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $27.70 price target on the stock. Finally, 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $30.95.

MB Financial, Inc (NASDAQ:MBFI), is a financial holding company.

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