MB Financial Inc. (NASDAQ:MBFI) Cut to Sell at BidaskClub
MB Financial Inc. (NASDAQ:MBFI) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded MB Financial from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Tuesday, July 4th. Jefferies Group LLC restated a “hold” rating and set a $48.00 target price on shares of MB Financial in a research report on Sunday, June 11th. ValuEngine cut MB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Keefe, Bruyette & Woods set a $46.00 target price on MB Financial and gave the company a “hold” rating in a research report on Monday, April 3rd. Finally, Wedbush restated a “neutral” rating and set a $48.00 target price on shares of MB Financial in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $48.57.
MB Financial (NASDAQ:MBFI) traded up 0.35% during trading on Wednesday, reaching $42.55. The company had a trading volume of 236,753 shares. MB Financial has a 52 week low of $35.00 and a 52 week high of $48.47. The stock has a 50 day moving average price of $43.32 and a 200 day moving average price of $43.71. The firm has a market capitalization of $3.56 billion, a P/E ratio of 18.89 and a beta of 1.15.
MB Financial (NASDAQ:MBFI) last posted its earnings results on Thursday, April 27th. The bank reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.03. MB Financial had a return on equity of 8.37% and a net margin of 19.64%. The firm had revenue of $234.82 million for the quarter, compared to analysts’ expectations of $240.47 million. During the same period last year, the firm earned $0.54 EPS. Analysts predict that MB Financial will post $2.64 earnings per share for the current year.
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In other MB Financial news, VP Jill E. York sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $42.30, for a total value of $211,500.00. Following the transaction, the vice president now directly owns 71,525 shares of the company’s stock, valued at approximately $3,025,507.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mitchell Feiger sold 11,825 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $43.60, for a total transaction of $515,570.00. Following the completion of the transaction, the insider now directly owns 140,724 shares in the company, valued at $6,135,566.40. The disclosure for this sale can be found here. Insiders sold a total of 21,702 shares of company stock worth $943,609 over the last ninety days. 4.93% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Credit Agricole S A acquired a new position in MB Financial during the fourth quarter worth $154,000. Capstone Asset Management Co. increased its stake in shares of MB Financial by 5.8% in the first quarter. Capstone Asset Management Co. now owns 4,938 shares of the bank’s stock worth $211,000 after buying an additional 270 shares in the last quarter. Suntrust Banks Inc. purchased a new stake in shares of MB Financial during the first quarter worth about $212,000. KCG Holdings Inc. purchased a new stake in shares of MB Financial during the first quarter worth about $238,000. Finally, LS Investment Advisors LLC increased its stake in shares of MB Financial by 20.2% in the second quarter. LS Investment Advisors LLC now owns 5,648 shares of the bank’s stock worth $249,000 after buying an additional 951 shares in the last quarter. 74.34% of the stock is currently owned by institutional investors and hedge funds.
MB Financial Company Profile
MB Financial, Inc (MB Financial) is a financial holding company. The Company’s segments include banking, leasing and mortgage banking. As of December 31, 2016, the Company’s primary market was the Chicago metropolitan area, in which the Company operated 95 banking offices through its bank subsidiary, MB Financial Bank, N.A.
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