Hovde Group Reiterates $49.00 Price Target for MB Financial (MBFI)
MB Financial (NASDAQ:MBFI) has been given a $49.00 price objective by stock analysts at Hovde Group in a research report issued on Friday. The firm currently has a “hold” rating on the bank’s stock. Hovde Group’s target price suggests a potential upside of 4.34% from the stock’s current price.
Other analysts have also recently issued reports about the company. SunTrust Banks set a $48.00 target price on MB Financial and gave the company a “buy” rating in a report on Friday, October 20th. Zacks Investment Research raised MB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $45.00 price target on shares of MB Financial in a research note on Tuesday, October 3rd. Jefferies Group reaffirmed a “hold” rating and issued a $48.00 price target on shares of MB Financial in a research note on Friday, September 15th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $44.00 price target on shares of MB Financial in a research note on Thursday, October 19th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. MB Financial has a consensus rating of “Hold” and a consensus target price of $49.00.
Shares of MB Financial (NASDAQ:MBFI) traded up $0.13 during trading hours on Friday, reaching $46.96. The company’s stock had a trading volume of 256,674 shares, compared to its average volume of 395,301. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3,940.00, a PE ratio of 19.98, a P/E/G ratio of 1.46 and a beta of 1.20. MB Financial has a 12 month low of $38.28 and a 12 month high of $47.64.
MB Financial (NASDAQ:MBFI) last issued its earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.08. The company had revenue of $252.21 million during the quarter, compared to analysts’ expectations of $253.15 million. MB Financial had a return on equity of 8.40% and a net margin of 20.21%. During the same period in the prior year, the business earned $0.61 EPS. analysts predict that MB Financial will post 2.46 EPS for the current year.
In other news, insider Mark A. Heckler sold 13,804 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was 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 approximately $2,554,665. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jill E. York sold 5,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total value of $223,000.00. Following the transaction, the vice president now directly owns 65,430 shares in the company, valued at approximately $2,918,178. The disclosure for this sale can be found here. Corporate insiders own 7.05% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of MBFI. Riverhead Capital Management LLC lifted its stake in MB Financial by 50.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,560 shares of the bank’s stock worth $113,000 after acquiring an additional 860 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in MB Financial by 20.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock worth $143,000 after acquiring an additional 556 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in MB Financial by 8.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock worth $144,000 after acquiring an additional 262 shares in the last quarter. HighPoint Advisor Group LLC acquired a new position in MB Financial during the 3rd quarter worth about $208,000. Finally, Legato Capital Management LLC acquired a new position in MB Financial during the 3rd quarter worth about $223,000. 76.48% of the stock is currently owned by hedge funds and other institutional investors.
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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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