Shares of MB Financial Inc (NASDAQ:MBFI) have been given a consensus rating of “Hold” by the ten research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $47.44.
Several research analysts recently weighed in on the stock. Raymond James raised shares of MB Financial from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 31st. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, Zacks Investment Research lowered shares of MB Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 26th.
In other MB Financial news, 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 transaction, the vice president now owns 62,691 shares of the company’s stock, valued at $3,056,186.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian J. Wildman sold 14,683 shares of MB Financial stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $45.10, for a total transaction of $662,203.30. Following the completion of the transaction, the insider now directly owns 29,260 shares in the company, valued at approximately $1,319,626. The disclosure for this sale can be found here. Insiders own 2.69% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. UBS Group AG raised its holdings in shares of MB Financial by 48.0% in the first quarter. UBS Group AG now owns 21,191 shares of the bank’s stock valued at $858,000 after purchasing an additional 6,875 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of MB Financial by 105.9% in the first quarter. Guggenheim Capital LLC now owns 83,239 shares of the bank’s stock valued at $3,368,000 after purchasing an additional 42,804 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of MB Financial by 28.9% in the first quarter. Legal & General Group Plc now owns 99,919 shares of the bank’s stock valued at $4,045,000 after purchasing an additional 22,397 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of MB Financial by 3.0% in the first quarter. Principal Financial Group Inc. now owns 365,712 shares of the bank’s stock valued at $14,804,000 after purchasing an additional 10,661 shares during the last quarter. Finally, Brown Advisory Inc. raised its holdings in shares of MB Financial by 43.1% in the first quarter. Brown Advisory Inc. now owns 26,028 shares of the bank’s stock valued at $1,054,000 after purchasing an additional 7,835 shares during the last quarter. 73.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ MBFI traded up $0.21 during mid-day trading on Monday, hitting $45.81. The company’s stock had a trading volume of 387,217 shares, compared to its average volume of 621,477. The firm has a market capitalization of $3.83 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.21. MB Financial has a one year low of $39.15 and a one year high of $51.59.
MB Financial (NASDAQ:MBFI) last issued its earnings results on Tuesday, October 23rd. The bank reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.15). The business had revenue of $241.69 million during the quarter, compared to the consensus estimate of $238.85 million. MB Financial had a net margin of 26.11% and a return on equity of 7.48%. During the same period last year, the business posted $0.72 EPS. As a group, equities research analysts anticipate that MB Financial will post 2.8 earnings per share for the current fiscal year.
About MB Financial
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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