Shares of MB Financial Inc (NASDAQ:MBFI) have earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $47.44.
Several research analysts have recently commented on MBFI shares. BidaskClub upgraded MB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Zacks Investment Research downgraded MB Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 26th. Finally, Raymond James raised MB Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 31st.
MB Financial stock traded up $0.59 during mid-day trading on Friday, reaching $45.80. The company’s stock had a trading volume of 12,931 shares, compared to its average volume of 449,870. The company has a market cap of $3.80 billion, a PE ratio of 19.13, a P/E/G ratio of 1.56 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.88. MB Financial has a twelve month low of $39.15 and a twelve month high of $51.59.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.15). The business had revenue of $241.69 million during the quarter, compared to analyst estimates of $238.85 million. MB Financial had a return on equity of 7.48% and a net margin of 26.11%. During the same period in the prior year, the firm earned $0.72 EPS. Equities research analysts anticipate that MB Financial will post 2.76 earnings per share for the current year.
In other MB Financial news, insider Brian J. Wildman sold 14,683 shares of MB Financial stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $45.10, for a total transaction of $662,203.30. Following the sale, the insider now directly owns 29,260 shares of the company’s stock, valued at approximately $1,319,626. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Jill E. York sold 5,000 shares of MB Financial stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $48.75, for a total value of $243,750.00. Following the sale, the vice president now directly owns 62,691 shares in the company, valued at $3,056,186.25. The disclosure for this sale can be found here. 2.69% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in MB Financial by 3.0% during the first quarter. Principal Financial Group Inc. now owns 365,712 shares of the bank’s stock worth $14,804,000 after acquiring an additional 10,661 shares during the last quarter. Bank of Montreal Can raised its holdings in MB Financial by 9.4% during the 2nd quarter. Bank of Montreal Can now owns 58,920 shares of the bank’s stock worth $2,751,000 after buying an additional 5,077 shares during the period. BNP Paribas Arbitrage SA raised its holdings in MB Financial by 24.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 31,716 shares of the bank’s stock worth $1,481,000 after buying an additional 6,164 shares during the period. Dupont Capital Management Corp acquired a new stake in MB Financial during the 2nd quarter worth about $2,825,000. Finally, IndexIQ Advisors LLC acquired a new stake in MB Financial during the 2nd quarter worth about $9,893,000. 73.65% of the stock is currently owned by institutional investors and hedge funds.
MB Financial Company Profile
MB Financial, Inc operates as a bank holding company for MB Financial Bank, N.A. that provides various financial services to small and middle market businesses, and individuals in the United States. The company operates through three segments: Banking, Leasing, and Mortgage Banking. The Banking segment offers commercial banking products, including working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; industrial revenue bond financing; ESOP financing; business acquisition loans; owner occupied real estate loans; asset-based loans; and financial, performance, and commercial letters of credit.
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