MB Financial (MBFI) Stock Rating Lowered by BidaskClub

MB Financial (NASDAQ:MBFI) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Several other equities analysts have also issued reports on the company. SunTrust Banks set a $49.00 price target on MB Financial and gave the stock a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research raised MB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Piper Jaffray Companies reissued a “hold” rating and issued a $44.00 target price on shares of MB Financial in a research report on Thursday, October 19th. Jefferies Group reissued a “hold” rating and issued a $49.00 target price on shares of MB Financial in a research report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $45.00 target price on shares of MB Financial in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. MB Financial presently has an average rating of “Hold” and an average price target of $47.63.

MB Financial (NASDAQ MBFI) traded up $1.42 during trading hours on Tuesday, reaching $44.71. 1,550,000 shares of the company traded hands, compared to its average volume of 408,089. MB Financial has a twelve month low of $38.28 and a twelve month high of $48.47. The company has a market capitalization of $3,750.00, a PE ratio of 18.25, a P/E/G ratio of 1.72 and a beta of 1.19. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24.

MB Financial (NASDAQ:MBFI) last announced its earnings results on Thursday, October 19th. The bank reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.08. The firm had revenue of $252.21 million for the quarter, compared to analysts’ expectations of $253.15 million. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. During the same quarter in the previous year, the business posted $0.61 EPS. analysts predict that MB Financial will post 2.48 earnings per share for the current fiscal year.

In related news, VP Jill E. York sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total transaction of $223,000.00. Following the completion of the transaction, the vice president now directly owns 65,430 shares in the company, valued at approximately $2,918,178. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mark A. Heckler sold 13,804 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $46.25, for a total value of $638,435.00. Following the transaction, the insider now owns 55,236 shares of the company’s stock, valued at $2,554,665. The disclosure for this sale can be found here. 7.05% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Riverhead Capital Management LLC boosted its stake in MB Financial by 50.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,560 shares of the bank’s stock worth $113,000 after purchasing an additional 860 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in MB Financial by 20.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock worth $143,000 after purchasing an additional 556 shares during the period. PNC Financial Services Group Inc. boosted its stake in MB Financial by 8.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock worth $144,000 after purchasing an additional 262 shares during the period. HighPoint Advisor Group LLC purchased a new stake in shares of MB Financial during the 3rd quarter worth approximately $208,000. Finally, World Asset Management Inc purchased a new stake in shares of MB Financial during the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

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About MB Financial

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.

Analyst Recommendations for MB Financial (NASDAQ:MBFI)

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