Jefferies Group LLC reiterated their hold rating on shares of MB Financial Inc. (NASDAQ:MBFI) in a research note issued to investors on Friday. The brokerage currently has a $48.00 price target on the bank’s stock.
Several other research firms have also recently commented on MBFI. Piper Jaffray Companies cut shares of MB Financial from an overweight rating to a neutral rating and set a $44.00 price target for the company. in a report on Friday, July 21st. Hovde Group lowered their price target on shares of MB Financial from $49.00 to $45.00 and set a market perform rating for the company in a report on Monday, July 24th. Keefe, Bruyette & Woods reiterated a hold rating and set a $45.00 price target on shares of MB Financial in a report on Tuesday, August 29th. Zacks Investment Research cut shares of MB Financial from a hold rating to a sell rating in a report on Thursday, July 27th. Finally, BidaskClub cut shares of MB Financial from a hold rating to a sell rating in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $47.56.
Shares of MB Financial (MBFI) opened at 41.65 on Friday. MB Financial has a 52-week low of $35.00 and a 52-week high of $48.47. The company’s 50-day moving average is $40.14 and its 200-day moving average is $42.23. The stock has a market cap of $3.49 billion, a PE ratio of 19.00 and a beta of 1.14.
MB Financial (NASDAQ:MBFI) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.54 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.10). MB Financial had a return on equity of 7.99% and a net margin of 19.12%. The firm had revenue of $239.51 million for the quarter, compared to analyst estimates of $247.39 million. During the same quarter last year, the firm earned $0.58 EPS. Equities analysts anticipate that MB Financial will post $2.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.84 annualized dividend and a dividend yield of 2.02%. MB Financial’s dividend payout ratio is presently 38.36%.
In other news, Director Ronald D. Santo sold 2,542 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 59,505 shares in the company, valued at approximately $2,367,108.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.05% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. lifted its position in shares of MB Financial by 1.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 78,439 shares of the bank’s stock worth $3,454,000 after buying an additional 1,064 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of MB Financial by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,582,553 shares of the bank’s stock worth $69,696,000 after buying an additional 102,149 shares during the last quarter. Shelton Capital Management purchased a new stake in shares of MB Financial during the 2nd quarter worth approximately $240,000. Cramer Rosenthal Mcglynn LLC lifted its position in shares of MB Financial by 7.5% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 493,435 shares of the bank’s stock worth $21,731,000 after buying an additional 34,586 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of MB Financial by 0.3% during the 2nd quarter. Stifel Financial Corp now owns 100,833 shares of the bank’s stock worth $4,439,000 after buying an additional 278 shares during the last quarter. Institutional investors and hedge funds own 74.74% of the company’s stock.
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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