SunTrust Banks, Inc. Analysts Give MB Financial Inc. (MBFI) a $49.00 Price Target
MBFI has been the topic of several other reports. Keefe, Bruyette & Woods restated a hold rating and issued a $45.00 price target on shares of MB Financial in a research report on Tuesday, August 29th. Jefferies Group LLC reiterated a hold rating and set a $48.00 target price on shares of MB Financial in a research report on Friday, September 15th. Zacks Investment Research upgraded shares of MB Financial from a sell rating to a hold rating in a research report on Wednesday, October 25th. Piper Jaffray Companies reiterated a hold rating and set a $44.00 target price on shares of MB Financial in a research report on Thursday, October 19th. Finally, BidaskClub lowered shares of MB Financial from a hold rating to a sell rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $47.63.
Shares of MB Financial (NASDAQ MBFI) opened at $44.07 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3,697.21, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.70 and a beta of 1.21. MB Financial has a 12-month low of $38.28 and a 12-month high of $48.47.
MB Financial (NASDAQ:MBFI) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.08. The company had revenue of $252.21 million for the quarter, compared to analyst estimates of $253.15 million. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. During the same period last year, the business posted $0.61 EPS. sell-side analysts predict that MB Financial will post 2.47 earnings per share for the current fiscal year.
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In related news, Director Ronald D. Santo sold 2,542 shares of MB Financial stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $39.78, for a total transaction of $101,120.76. Following the completion of the transaction, the director now directly owns 59,505 shares of the company’s stock, valued at approximately $2,367,108.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.93% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Mutual of America Capital Management LLC lifted its holdings in MB Financial by 9.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 165,408 shares of the bank’s stock valued at $7,447,000 after purchasing an additional 14,186 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in MB Financial by 108.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 36,867 shares of the bank’s stock valued at $1,624,000 after purchasing an additional 19,187 shares during the last quarter. Prudential Financial Inc. lifted its holdings in MB Financial by 195.3% during the 2nd quarter. Prudential Financial Inc. now owns 156,171 shares of the bank’s stock valued at $6,878,000 after purchasing an additional 103,290 shares during the last quarter. Blair William & Co. IL lifted its holdings in MB Financial by 2.4% during the 2nd quarter. Blair William & Co. IL now owns 175,836 shares of the bank’s stock valued at $7,744,000 after purchasing an additional 4,079 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in MB Financial by 4.3% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 25,966 shares of the bank’s stock valued at $1,144,000 after purchasing an additional 1,078 shares during the last quarter. 74.12% of the stock is owned by hedge funds and other institutional investors.
MB Financial Company Profile
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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