MB Financial Reaches New 1-Year Low at $24.44 (MBFI)
MB Financial (NASDAQ:MBFI) shares hit a new 52-week low during trading on Friday , Analyst Ratings Network reports. The company traded as low as $24.44 and last traded at $26.58, with a volume of 78,712 shares trading hands. The stock had previously closed at $26.70.
Separately, 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. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. MB Financial currently has a consensus rating of “Hold” and a consensus target price of $31.60.
The stock’s 50-day moving average is $27.44 and its 200-day moving average is $28.60. The company has a market cap of $1.465 billion and a P/E ratio of 16.18.
MB Financial (NASDAQ:MBFI) last announced its earnings results on Wednesday, July 23rd. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. On average, analysts predict that MB Financial will post $1.64 earnings per share for the current fiscal year.
In other MB Financial news, Insider Brian J. Wildman unloaded 8,346 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $26.53, for a total transaction of $221,419.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
MB Financial, Inc (NASDAQ:MBFI), is a financial holding company.
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