Analysts Set MB Financial Inc. (NASDAQ:MBFI) Target Price at $36.57
Shares of MB Financial Inc. (NASDAQ:MBFI) have earned a consensus rating of “Hold” from the eleven research firms that are presently covering the company. Eight equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $35.83.
MBFI has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Saturday, July 9th. Sandler O’Neill cut shares of MB Financial from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of MB Financial in a research report on Saturday, July 9th. JMP Securities initiated coverage on shares of MB Financial in a research report on Friday, September 16th. They set a “market perform” rating for the company. Finally, DA Davidson lifted their price objective on shares of MB Financial from $39.19 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 26th.
Shares of MB Financial (NASDAQ:MBFI) opened at 38.08 on Monday. The company has a market capitalization of $2.80 billion, a P/E ratio of 17.79 and a beta of 1.09. MB Financial has a 12-month low of $27.98 and a 12-month high of $39.50. The company’s 50 day moving average is $38.62 and its 200 day moving average is $36.01.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a $0.19 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.00%. MB Financial’s payout ratio is presently 35.68%.
In related news, CFO Jill E. York sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $37.26, for a total value of $93,150.00. Following the completion of the transaction, the chief financial officer now owns 75,438 shares of the company’s stock, valued at $2,810,819.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas H. Harvey sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $37.96, for a total value of $759,200.00. The disclosure for this sale can be found here. 7.05% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in MB Financial by 77.2% in the second quarter. Victory Capital Management Inc. now owns 3,130 shares of the company’s stock worth $114,000 after buying an additional 1,364 shares during the period. Huntington Asset Advisors Inc. bought a new position in MB Financial during the first quarter worth approximately $165,000. BlackRock Inc. increased its position in MB Financial by 140.4% in the first quarter. BlackRock Inc. now owns 5,156 shares of the company’s stock worth $168,000 after buying an additional 3,011 shares during the period. Nomura Holdings Inc. bought a new position in MB Financial during the second quarter worth approximately $209,000. Finally, Shelton Capital Management bought a new position in MB Financial during the second quarter worth approximately $211,000. 64.18% of the stock is owned by institutional investors and hedge funds.
About MB Financial
MB Financial, Inc is a financial holding company. The Company, through its bank subsidiary, MB Financial Bank, N.A., offers a range of financial services to small and middle market businesses, and individuals. The Company’s segments include banking, leasing and mortgage banking. Its banking segment includes lending and deposit gathering activities.
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