Keefe, Bruyette & Woods reaffirmed their hold rating on shares of MB Financial Inc. (NASDAQ:MBFI) in a report published on Tuesday. Keefe, Bruyette & Woods currently has a $45.00 price target on the bank’s stock.

Several other research firms have also recently commented on MBFI. Zacks Investment Research raised shares of MB Financial from a hold rating to a buy rating and set a $49.00 target price on the stock in a research note on Tuesday, July 4th. BidaskClub raised shares of MB Financial from a sell rating to a hold rating in a research note on Thursday, June 15th. Jefferies Group LLC reissued a hold rating and set a $48.00 target price on shares of MB Financial in a research note on Sunday, June 11th. Wedbush reissued a neutral rating and set a $48.00 target price on shares of MB Financial in a research note on Tuesday, June 27th. Finally, ValuEngine cut shares of MB Financial from a buy rating to a hold rating in a research note on Saturday, June 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $47.56.

Shares of MB Financial (NASDAQ MBFI) opened at 39.61 on Tuesday. The firm has a market capitalization of $3.32 billion, a P/E ratio of 18.07 and a beta of 1.13. The firm’s 50-day moving average price is $41.01 and its 200 day moving average price is $42.69. MB Financial has a 12 month low of $35.00 and a 12 month high of $48.47.

MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.10. The firm had revenue of $239.51 million during the quarter, compared to the consensus estimate of $247.39 million. MB Financial had a net margin of 19.12% and a return on equity of 7.99%. During the same quarter in the prior year, the business earned $0.58 earnings per share. Analysts anticipate that MB Financial will post $2.44 earnings per share for the current fiscal year.

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In other news, Director James N. Hallene sold 4,877 shares of MB Financial stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $44.40, for a total value of $216,538.80. Following the transaction, the director now owns 25,339 shares of the company’s stock, valued at approximately $1,125,051.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jill E. York sold 5,000 shares of MB Financial stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $42.30, for a total transaction of $211,500.00. Following the completion of the transaction, the vice president now directly owns 71,525 shares in the company, valued at approximately $3,025,507.50. The disclosure for this sale can be found here. Insiders own 4.93% of the company’s stock.

Several institutional investors have recently made changes to their positions in MBFI. Sei Investments Co. boosted its position in shares of MB Financial by 21.0% in the first quarter. Sei Investments Co. now owns 41,290 shares of the bank’s stock valued at $1,768,000 after buying an additional 7,180 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of MB Financial by 1.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 32,920 shares of the bank’s stock valued at $1,410,000 after buying an additional 440 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of MB Financial by 8.0% in the fourth quarter. Teachers Advisors LLC now owns 118,139 shares of the bank’s stock valued at $5,580,000 after buying an additional 8,746 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of MB Financial by 9.4% in the first quarter. Thrivent Financial For Lutherans now owns 13,380 shares of the bank’s stock valued at $573,000 after buying an additional 1,150 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of MB Financial by 4.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 25,966 shares of the bank’s stock valued at $1,144,000 after buying an additional 1,078 shares in the last quarter. 74.74% of the stock is currently owned by institutional investors.

About MB Financial

MB Financial, Inc (MB Financial) is a financial holding company. The Company’s segments include banking, leasing and mortgage banking. As of December 31, 2016, the Company’s primary market was the Chicago metropolitan area, in which the Company operated 95 banking offices through its bank subsidiary, MB Financial Bank, N.A.

Analyst Recommendations for MB Financial (NASDAQ:MBFI)

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