MB Financial Inc. (MBFI) Given “Hold” Rating at Jefferies Group LLC
MB Financial Inc. (NASDAQ:MBFI)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Group LLC in a report released on Friday. They presently have a $48.00 price target on the bank’s stock. Jefferies Group LLC’s target price would indicate a potential upside of 15.25% from the company’s current price.
Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Wedbush restated a “neutral” rating and issued a $48.00 target price on shares of MB Financial in a research note on Tuesday, June 27th. Piper Jaffray Companies downgraded shares of MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 target price for the company. in a research note on Monday, July 24th. BidaskClub downgraded shares of MB Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, ValuEngine downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $47.56.
Shares of MB Financial (MBFI) traded up 0.46% during midday trading on Friday, hitting $41.65. 2,796,924 shares of the stock were exchanged. MB Financial has a 12-month low of $35.00 and a 12-month high of $48.47. The firm has a market cap of $3.49 billion, a P/E ratio of 19.00 and a beta of 1.14. The firm has a 50 day moving average of $40.14 and a 200 day moving average of $42.23.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.10). MB Financial had a return on equity of 7.99% and a net margin of 19.12%. The business had revenue of $239.51 million for the quarter, compared to analysts’ expectations of $247.39 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. Equities analysts forecast that MB Financial will post $2.44 EPS for the current fiscal year.
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In other MB Financial news, Director Ronald D. Santo sold 2,542 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $39.78, for a total transaction of $101,120.76. Following the transaction, the director now directly owns 59,505 shares in the company, valued at approximately $2,367,108.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 7.05% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of MBFI. BlackRock Inc. boosted its stake in MB Financial by 17,590.9% during the 1st quarter. BlackRock Inc. now owns 7,742,414 shares of the bank’s stock valued at $331,530,000 after acquiring an additional 7,698,649 shares during the last quarter. Patriot Financial Partners GP LP bought a new position in MB Financial during the 3rd quarter valued at $55,884,000. The Manufacturers Life Insurance Company bought a new position in MB Financial during the 3rd quarter valued at $45,885,000. Wellington Management Group LLP boosted its stake in MB Financial by 33.3% during the 1st quarter. Wellington Management Group LLP now owns 2,888,141 shares of the bank’s stock valued at $93,720,000 after acquiring an additional 721,226 shares during the last quarter. Finally, Norges Bank bought a new position in MB Financial during the 4th quarter valued at $27,453,000. Hedge funds and other institutional investors own 74.74% of the company’s stock.
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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