MB Financial’s (MBFI) Hold Rating Reaffirmed at Piper Jaffray Companies

MB Financial (NASDAQ:MBFI)‘s stock had its “hold” rating restated by investment analysts at Piper Jaffray Companies in a report issued on Sunday. They presently have a $45.00 target price on the bank’s stock. Piper Jaffray Companies’ price target points to a potential upside of 2.67% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. SunTrust Banks restated a “buy” rating and set a $48.00 target price on shares of MB Financial in a research note on Friday. Sandler O’Neill restated a “hold” rating and set a $46.00 target price on shares of MB Financial in a research note on Friday. DA Davidson cut shares of MB Financial from a “buy” rating to a “neutral” rating in a research note on Friday. Zacks Investment Research upgraded shares of MB Financial from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Thursday. Finally, Hovde Group set a $49.00 price objective on shares of MB Financial and gave the stock a “hold” rating in a research note on Friday, January 12th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $48.78.

MB Financial (MBFI) traded up $0.65 on Friday, reaching $43.83. 316,717 shares of the company’s stock traded hands, compared to its average volume of 413,350. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The company has a market cap of $3,670.00, a PE ratio of 12.55, a P/E/G ratio of 1.35 and a beta of 1.20. MB Financial has a 1-year low of $38.28 and a 1-year high of $47.64.

MB Financial (NASDAQ:MBFI) last posted its earnings results on Thursday, January 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.10). The company had revenue of $242.71 million for the quarter, compared to the consensus estimate of $251.78 million. MB Financial had a net margin of 29.25% and a return on equity of 8.11%. During the same quarter in the prior year, the company posted $0.59 EPS. research analysts forecast that MB Financial will post 3.05 earnings per share for the current fiscal year.

In other MB Financial news, insider Mark A. Heckler sold 13,804 shares of the firm’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 transaction of $638,435.00. Following the sale, the insider now owns 55,236 shares in the company, valued at approximately $2,554,665. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jill E. York sold 5,000 shares of the firm’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 sale, the vice president now owns 65,430 shares in the company, valued at approximately $2,918,178. The disclosure for this sale can be found here. 4.93% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in MB Financial by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 6,531,759 shares of the bank’s stock worth $287,658,000 after acquiring an additional 104,479 shares during the period. Northern Trust Corp raised its stake in MB Financial by 13.8% during the 2nd quarter. Northern Trust Corp now owns 1,734,133 shares of the bank’s stock worth $76,372,000 after acquiring an additional 210,352 shares during the period. Channing Capital Management LLC raised its stake in MB Financial by 1.5% during the 3rd quarter. Channing Capital Management LLC now owns 1,598,971 shares of the bank’s stock worth $71,986,000 after acquiring an additional 23,593 shares during the period. The Manufacturers Life Insurance Company raised its stake in MB Financial by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,582,553 shares of the bank’s stock worth $69,696,000 after acquiring an additional 102,149 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in MB Financial by 8.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,206,213 shares of the bank’s stock worth $54,303,000 after acquiring an additional 95,262 shares during the period. Institutional investors own 76.54% 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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