Zacks Investment Research cut shares of MB Financial Inc. (NASDAQ:MBFI) from a buy rating to a hold rating in a research note published on Thursday morning.

According to Zacks, “MB Financial, Inc. is a bank holding company which conducts a commercial banking business through Manufacturers Bank. “

Other equities research analysts have also recently issued reports about the company. Jefferies Group reiterated a hold rating and issued a $39.00 price target on shares of MB Financial in a research note on Tuesday, November 1st. Sandler O’Neill cut MB Financial from a buy rating to a hold rating in a research note on Friday, August 26th. JMP Securities initiated coverage on MB Financial in a research note on Friday, September 16th. They issued a market perform rating for the company. Finally, DA Davidson boosted their price target on MB Financial from $39.19 to $43.00 and gave the company a neutral rating in a research note on Friday, August 26th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. MB Financial presently has an average rating of Hold and an average target price of $37.06.

Analyst Recommendations for MB Financial (NASDAQ:MBFI)

MB Financial (NASDAQ:MBFI) opened at 43.00 on Thursday. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 19.82 and a beta of 1.07. The firm has a 50-day moving average price of $37.88 and a 200-day moving average price of $37.19. MB Financial has a 12 month low of $27.98 and a 12 month high of $43.03.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.76 dividend on an annualized basis and a yield of 1.78%. MB Financial’s payout ratio is 35.19%.

In related news, VP Jill E. York sold 5,000 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $39.05, for a total value of $195,250.00. Following the completion of the sale, the vice president now directly owns 69,889 shares in the company, valued at $2,729,165.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mitchell Feiger sold 6,500 shares of the stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $38.69, for a total value of $251,485.00. Following the completion of the sale, the chief executive officer now owns 119,997 shares of the company’s stock, valued at $4,642,683.93. The disclosure for this sale can be found here. 7.05% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of MBFI. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of MB Financial by 9.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,699 shares of the company’s stock worth $103,000 after buying an additional 242 shares during the period. Victory Capital Management Inc. boosted its stake in shares of 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. LS Investment Advisors LLC boosted its stake in shares of MB Financial by 87.3% in the third quarter. LS Investment Advisors LLC now owns 4,607 shares of the company’s stock worth $175,000 after buying an additional 2,147 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of MB Financial during the third quarter worth approximately $194,000. Finally, BlackRock Inc. boosted its stake in shares of 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. Institutional investors and hedge funds own 64.73% of the company’s stock.

MB Financial Company Profile

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.

5 Day Chart for NASDAQ:MBFI

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