MB Financial (MBFI) Given a $44.00 Price Target at Hovde Group

MB Financial (NASDAQ:MBFI) has been given a $44.00 target price by stock analysts at Hovde Group in a research note issued to investors on Thursday. The firm presently has a “hold” rating on the bank’s stock. Hovde Group’s price objective would indicate a potential upside of 9.40% from the company’s previous close.

Other research analysts also recently issued reports about the company. BidaskClub upgraded MB Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Jefferies Group restated a “hold” rating and issued a $49.00 price target on shares of MB Financial in a research note on Thursday, October 12th. Zacks Investment Research upgraded MB Financial from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Thursday, January 25th. Sandler O’Neill restated a “hold” rating and issued a $46.00 price target on shares of MB Financial in a research note on Friday, January 26th. Finally, DA Davidson downgraded MB Financial from a “buy” rating to a “neutral” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. MB Financial presently has a consensus rating of “Hold” and an average target price of $48.22.

Shares of MB Financial (NASDAQ:MBFI) traded down $1.00 during mid-day trading on Thursday, hitting $40.22. The company’s stock had a trading volume of 292,682 shares, compared to its average volume of 438,377. MB Financial has a one year low of $38.28 and a one year high of $47.64. The stock has a market cap of $3,420.49, a P/E ratio of 11.73, a P/E/G ratio of 1.38 and a beta of 1.03. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.27.

MB Financial (NASDAQ:MBFI) last announced its earnings results on Thursday, January 25th. The bank reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.10). MB Financial had a net margin of 29.25% and a return on equity of 8.11%. The company had revenue of $242.71 million during the quarter, compared to analysts’ expectations of $251.78 million. During the same quarter last year, the business posted $0.59 earnings per share. research analysts expect that MB Financial will post 2.81 EPS for the current year.

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

A number of hedge funds have recently modified their holdings of MBFI. PNC Financial Services Group Inc. raised its holdings in MB Financial by 8.7% during the second 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 last quarter. Meeder Asset Management Inc. acquired a new position in MB Financial during the fourth quarter worth $169,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in MB Financial by 40.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,568 shares of the bank’s stock worth $203,000 after purchasing an additional 1,313 shares during the last quarter. HighPoint Advisor Group LLC acquired a new position in MB Financial during the third quarter worth $208,000. Finally, Legato Capital Management LLC acquired a new position in MB Financial during the third quarter worth $223,000. 76.48% of the stock is owned by hedge funds and other institutional investors.

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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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