MB Financial Inc. (MBFI) Receives $47.38 Consensus PT from Analysts
Shares of MB Financial Inc. (NASDAQ:MBFI) have earned an average recommendation of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $47.38.
Several research firms recently issued reports on MBFI. Keefe, Bruyette & Woods reissued a “hold” rating and set a $45.00 target price on shares of MB Financial in a research note on Tuesday, August 29th. BidaskClub lowered MB Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research lowered MB Financial from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Hovde Group decreased their target price on MB Financial from $49.00 to $45.00 and set a “market perform” rating on the stock in a research note on Monday, July 24th. Finally, Piper Jaffray Companies lowered MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research note on Monday, July 24th.
In other MB Financial news, Director Ronald D. Santo sold 2,542 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $39.78, for a total value of $101,120.76. Following the sale, the director now owns 59,505 shares of the company’s stock, valued at approximately $2,367,108.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.93% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. raised its position in MB Financial by 1.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 78,439 shares of the bank’s stock valued at $3,454,000 after purchasing an additional 1,064 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in MB Financial by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,582,553 shares of the bank’s stock valued at $69,696,000 after purchasing an additional 102,149 shares in the last quarter. Shelton Capital Management acquired a new stake in MB Financial in the 2nd quarter valued at about $240,000. Cramer Rosenthal Mcglynn LLC raised its position in MB Financial by 7.5% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 493,435 shares of the bank’s stock valued at $21,731,000 after purchasing an additional 34,586 shares in the last quarter. Finally, Stifel Financial Corp raised its position in MB Financial by 0.3% in the 2nd quarter. Stifel Financial Corp now owns 100,833 shares of the bank’s stock valued at $4,439,000 after purchasing an additional 278 shares in the last quarter. 74.74% of the stock is currently owned by institutional investors.
MB Financial (NASDAQ:MBFI) traded up 4.07% during mid-day trading on Wednesday, hitting $41.21. The stock had a trading volume of 605,766 shares. MB Financial has a one year low of $35.00 and a one year high of $48.47. The company has a market cap of $3.46 billion, a PE ratio of 18.80 and a beta of 1.14. The firm’s 50-day moving average price is $40.01 and its 200 day moving average price is $42.29.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.10. The business had revenue of $239.51 million for the quarter, compared to analysts’ expectations of $247.39 million. MB Financial had a return on equity of 7.99% and a net margin of 19.12%. During the same quarter in the prior year, the company posted $0.58 earnings per share. On average, equities research analysts anticipate that MB Financial will post $2.44 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Thursday, September 14th. MB Financial’s dividend payout ratio is currently 38.36%.
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.
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