BidaskClub Lowers MB Financial (MBFI) to Sell
BidaskClub cut shares of MB Financial (NASDAQ:MBFI) from a hold rating to a sell rating in a research report report published on Tuesday morning.
A number of other analysts also recently weighed in on the stock. SunTrust Banks set a $49.00 target price on shares of MB Financial and gave the stock a buy rating in a report on Thursday, November 16th. Zacks Investment Research upgraded shares of MB Financial from a sell rating to a hold rating in a report on Wednesday, October 25th. Piper Jaffray Companies reiterated a hold rating and set a $44.00 price target on shares of MB Financial in a report on Thursday, October 19th. Jefferies Group reiterated a hold rating and set a $49.00 price target on shares of MB Financial in a report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and set a $45.00 price target on shares of MB Financial in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $47.63.
Shares of MB Financial (NASDAQ MBFI) opened at $44.71 on Tuesday. MB Financial has a fifty-two week low of $38.28 and a fifty-two week high of $48.47. 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 firm has a market cap of $3,631.77, a PE ratio of 17.67, a PEG ratio of 1.67 and a beta of 1.19.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.88%. MB Financial’s dividend payout ratio is currently 35.90%.
In other MB Financial news, insider Mark A. Heckler sold 13,804 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $46.25, for a total value of $638,435.00. Following the transaction, the insider now directly owns 55,236 shares in the company, valued at approximately $2,554,665. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total transaction of $223,000.00. Following the completion of the transaction, the vice president now owns 65,430 shares in the company, valued at $2,918,178. The disclosure for this sale can be found here. 7.05% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of MB Financial by 2.4% in the 2nd quarter. BlackRock Inc. now owns 7,927,754 shares of the bank’s stock worth $349,139,000 after purchasing an additional 185,340 shares during the period. Vanguard Group Inc. lifted its position in MB Financial by 1.6% during the second quarter. Vanguard Group Inc. now owns 6,531,759 shares of the bank’s stock valued at $287,658,000 after acquiring an additional 104,479 shares during the last quarter. Northern Trust Corp lifted its position in MB Financial by 13.8% during the second quarter. Northern Trust Corp now owns 1,734,133 shares of the bank’s stock valued at $76,372,000 after acquiring an additional 210,352 shares during the last quarter. Channing Capital Management LLC lifted its position in MB Financial by 1.5% during the third quarter. Channing Capital Management LLC now owns 1,598,971 shares of the bank’s stock valued at $71,986,000 after acquiring an additional 23,593 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in MB Financial by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,582,553 shares of the bank’s stock valued at $69,696,000 after acquiring an additional 102,149 shares during the last quarter. 76.61% 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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