Insider Selling: MB Financial Insider Sells 8,346 Shares of Stock (MBFI)
MB Financial (NASDAQ:MBFI) Insider Brian J. Wildman unloaded 8,346 shares of MB Financial stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $26.53, for a total transaction of $221,419.38. Following the completion of the transaction, the insider now directly owns 32,609 shares of the company’s stock, valued at approximately $865,117. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Sterne Agee upgraded shares of MB Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 9th. Separately, 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 Zacks downgraded shares of MB Financial from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 14th. They now have a $25.70 price target on the stock. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $30.95.
Shares of MB Financial (NASDAQ:MBFI) traded down 1.41% during mid-day trading on Friday, hitting $26.56. 402,040 shares of the company’s stock traded hands. MB Financial has a 1-year low of $25.15 and a 1-year high of $32.85. The stock’s 50-day moving average is $27.55 and its 200-day moving average is $28.73. The company has a market cap of $1.452 billion and a P/E ratio of 16.33.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.03. On average, analysts predict that MB Financial will post $1.66 earnings per share for the current fiscal year.
MB Financial, Inc (NASDAQ:MBFI), is a financial holding company.
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