MB Financial (MBFI) Rating Lowered to Hold at BidaskClub

MB Financial (NASDAQ:MBFI) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Monday.

A number of other research analysts have also issued reports on MBFI. Zacks Investment Research lowered MB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Hovde Group set a $44.00 price objective on MB Financial and gave the stock a “hold” rating in a report on Thursday, February 8th. Sandler O’Neill reaffirmed a “hold” rating and set a $46.00 price objective on shares of MB Financial in a report on Friday, January 26th. Piper Jaffray reaffirmed a “hold” rating and set a $44.00 price objective on shares of MB Financial in a report on Friday, April 6th. Finally, DA Davidson lowered MB Financial from a “buy” rating to a “neutral” rating in a report on Friday, January 26th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $47.13.

MB Financial opened at $43.45 on Monday, Marketbeat reports. The company has a market capitalization of $3.66 billion, a PE ratio of 18.18, a P/E/G ratio of 1.43 and a beta of 1.02. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 0.38. MB Financial has a 12-month low of $43.13 and a 12-month high of $43.70.



MB Financial (NASDAQ:MBFI) last released its earnings results on Tuesday, April 24th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. The business had revenue of $246.18 million for the quarter, compared to analyst estimates of $249.16 million. MB Financial had a return on equity of 7.52% and a net margin of 28.85%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. equities analysts predict that MB Financial will post 2.9 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Aperio Group LLC grew its holdings in MB Financial by 5.3% during the fourth quarter. Aperio Group LLC now owns 23,579 shares of the bank’s stock worth $1,050,000 after acquiring an additional 1,179 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in MB Financial by 40.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,568 shares of the bank’s stock valued at $203,000 after purchasing an additional 1,313 shares during the last quarter. Advisor Group Inc. grew its holdings in MB Financial by 93.4% in the fourth quarter. Advisor Group Inc. now owns 2,940 shares of the bank’s stock valued at $131,000 after purchasing an additional 1,420 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in MB Financial by 2.9% in the first quarter. Oppenheimer & Co. Inc. now owns 54,684 shares of the bank’s stock valued at $2,214,000 after purchasing an additional 1,538 shares during the last quarter. Finally, US Bancorp DE grew its holdings in MB Financial by 17.1% in the fourth quarter. US Bancorp DE now owns 10,558 shares of the bank’s stock valued at $470,000 after purchasing an additional 1,541 shares during the last quarter. 74.28% of the stock is currently owned by hedge funds and other institutional investors.

MB Financial Company Profile

MB Financial, Inc operates as a bank holding company for MB Financial Bank, N.A. that provides various financial services to small and middle market businesses, and individuals in the United States. The company operates through three segments: Banking, Leasing, and Mortgage Banking. The Banking segment offers commercial banking products, including working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; industrial revenue bond financing; ESOP financing; business acquisition loans; owner occupied real estate loans; asset-based loans; and financial, performance, and commercial letters of credit.

Analyst Recommendations for MB Financial (NASDAQ:MBFI)

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