MB Financial Inc. (MBFI) Lowered to “Hold” at Zacks Investment Research
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.
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.
Receive News & Stock Ratings for MB Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MB Financial Inc. and related stocks with our FREE daily email newsletter.