MB Financial Inc. (MBFI) Rating Reiterated by Keefe, Bruyette & Woods
MB Financial Inc. (NASDAQ:MBFI)‘s stock had its “hold” rating reaffirmed by equities researchers at Keefe, Bruyette & Woods in a report released on Tuesday. They currently have a $45.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential downside of 1.62% from the stock’s current price.
A number of other brokerages have also issued reports on MBFI. Zacks Investment Research upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $48.00 target price on shares of MB Financial in a report on Sunday, June 11th. Hovde Group reduced their price target on shares of MB Financial from $49.00 to $45.00 and set a “market perform” rating for the company in a research report on Monday, July 24th. Piper Jaffray Companies downgraded shares of MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 price target for the company. in a research report on Monday, July 24th. Finally, BidaskClub cut shares of MB Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. One equities 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 stock. The company has a consensus rating of “Hold” and an average target price of $47.56.
MB Financial (MBFI) traded up 0.44% during mid-day trading on Tuesday, hitting $45.74. 374,499 shares of the stock traded hands. The stock has a market cap of $3.83 billion, a PE ratio of 20.87 and a beta of 1.18. MB Financial has a 12-month low of $35.00 and a 12-month high of $48.47. The company has a 50 day moving average of $41.26 and a 200-day moving average of $42.08.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.54 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 firm had revenue of $239.51 million for the quarter, compared to analyst estimates of $247.39 million. During the same period last year, the firm earned $0.58 EPS. Equities research analysts forecast that MB Financial will post $2.44 earnings per share for the current year.
In other MB Financial news, Director Ronald D. Santo sold 2,542 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $39.78, for a total value of $101,120.76. Following the transaction, the director now directly owns 59,505 shares of the company’s stock, valued at approximately $2,367,108.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.93% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in MBFI. Teacher Retirement System of Texas boosted its holdings in shares of MB Financial by 0.6% in the second quarter. Teacher Retirement System of Texas now owns 6,381 shares of the bank’s stock valued at $281,000 after acquiring an additional 41 shares in the last quarter. Capstone Asset Management Co. boosted its holdings in MB Financial by 1.6% in the 2nd quarter. Capstone Asset Management Co. now owns 5,018 shares of the bank’s stock valued at $221,000 after purchasing an additional 80 shares in the last quarter. Nadler Financial Group Inc. boosted its holdings in MB Financial by 1.4% in the 1st quarter. Nadler Financial Group Inc. now owns 7,724 shares of the bank’s stock valued at $331,000 after purchasing an additional 108 shares in the last quarter. First National Bank of Omaha increased its position in MB Financial by 0.4% during the 2nd quarter. First National Bank of Omaha now owns 39,275 shares of the bank’s stock worth $1,730,000 after purchasing an additional 160 shares during the period. Finally, CrestPoint Capital Management LLC increased its position in MB Financial by 0.7% during the 1st quarter. CrestPoint Capital Management LLC now owns 28,400 shares of the bank’s stock worth $1,216,000 after purchasing an additional 200 shares during the period. Institutional investors own 74.75% 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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