MB Financial Inc (NASDAQ:MBFI)‘s stock had its “hold” rating reissued by Jefferies Group LLC in a report issued on Tuesday. They presently have a $48.00 target price on the bank’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 16.62% from the stock’s previous close.
Several other research analysts also recently weighed in on MBFI. Zacks Investment Research downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, December 14th. Keefe, Bruyette & Woods set a $46.00 target price on shares of MB Financial and gave the stock a “hold” rating in a report on Monday, April 3rd. Macquarie started coverage on shares of MB Financial in a report on Friday, February 17th. They set an “outperform” rating and a $52.00 price objective for the company. Finally, SunTrust Banks, Inc. started coverage on shares of MB Financial in a report on Tuesday, December 20th. They set a “buy” rating and a $54.00 price objective for the company. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $45.81.
MB Financial (NASDAQ:MBFI) traded up 0.36% on Tuesday, reaching $41.31. The company’s stock had a trading volume of 127,153 shares. The company has a market cap of $3.45 billion, a P/E ratio of 19.39 and a beta of 1.14. The company has a 50-day moving average price of $42.64 and a 200 day moving average price of $42.90. MB Financial has a 12 month low of $32.72 and a 12 month high of $48.47.
MB Financial (NASDAQ:MBFI) last issued its earnings results on Thursday, January 26th. The bank reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.02. The firm earned $238.04 million during the quarter, compared to the consensus estimate of $252.20 million. MB Financial had a return on equity of 8.33% and a net margin of 18.78%. On average, equities research analysts anticipate that MB Financial will post $2.60 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Monday, March 13th. MB Financial’s dividend payout ratio (DPR) is presently 35.68%.
In other news, Director Karen J. May sold 4,924 shares of the stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $45.46, for a total transaction of $223,845.04. Following the transaction, the director now directly owns 1,794 shares in the company, valued at $81,555.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian J. Wildman sold 5,382 shares of the stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $44.92, for a total transaction of $241,759.44. Following the transaction, the insider now owns 27,281 shares in the company, valued at $1,225,462.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,582 shares of company stock worth $883,011. Corporate insiders own 7.05% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Nadler Financial Group Inc. increased its position in MB Financial by 1.4% in the first quarter. Nadler Financial Group Inc. now owns 7,724 shares of the bank’s stock worth $331,000 after buying an additional 108 shares in the last quarter. CrestPoint Capital Management LLC increased its position in MB Financial by 0.7% in the first quarter. CrestPoint Capital Management LLC now owns 28,400 shares of the bank’s stock worth $1,216,000 after buying an additional 200 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of MB Financial by 5.8% in the first quarter. Capstone Asset Management Co. now owns 4,938 shares of the bank’s stock valued at $211,000 after buying an additional 270 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of MB Financial by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 18,000 shares of the bank’s stock valued at $771,000 after buying an additional 400 shares during the period. Finally, Brown Advisory Inc. increased its stake in shares of MB Financial by 6.3% in the fourth quarter. Brown Advisory Inc. now owns 9,145 shares of the bank’s stock valued at $432,000 after buying an additional 540 shares during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.
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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