Research analysts at JMP Securities assumed coverage on shares of MB Financial Inc. (NASDAQ:MBFI) in a report released on Friday. The brokerage set a “market perform” rating on the stock.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. reissued a “hold” rating on shares of MB Financial in a report on Saturday, July 9th. Piper Jaffray Cos. began coverage on shares of MB Financial in a report on Friday, June 10th. They issued an “overweight” rating and a $41.00 price objective for the company. Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Saturday, July 9th. DA Davidson upped their price objective on shares of MB Financial from $39.19 to $43.00 and gave the company a “neutral” rating in a report on Friday, August 26th. Finally, Sandler O’Neill lowered shares of MB Financial from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $36.17.

Analyst Recommendations for MB Financial (NASDAQ:MBFI)

MB Financial (NASDAQ:MBFI) opened at 37.97 on Friday. MB Financial has a 12 month low of $27.98 and a 12 month high of $39.50. The stock has a market cap of $2.79 billion, a P/E ratio of 17.73 and a beta of 1.09. The stock has a 50 day moving average of $38.71 and a 200-day moving average of $35.77.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.76 annualized dividend and a dividend yield of 2.00%. MB Financial’s dividend payout ratio is presently 35.68%.

In other news, insider Brian J. Wildman sold 4,000 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $38.42, for a total transaction of $153,680.00. Following the sale, the insider now owns 31,155 shares of the company’s stock, valued at $1,196,975.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jill E. York sold 2,500 shares of the stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $37.26, for a total transaction of $93,150.00. Following the sale, the chief financial officer now directly owns 75,438 shares in the company, valued at approximately $2,810,819.88. The disclosure for this sale can be found here. Insiders own 7.05% of the company’s stock.

Several hedge funds have recently modified their holdings of MBFI. Trust Department MB Financial Bank N A boosted its stake in shares of MB Financial by 2.3% in the second quarter. Trust Department MB Financial Bank N A now owns 705,860 shares of the company’s stock valued at $24,310,000 after buying an additional 15,943 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of MB Financial by 33.3% in the first quarter. Wellington Management Group LLP now owns 2,888,141 shares of the company’s stock valued at $93,720,000 after buying an additional 721,226 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of MB Financial by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,795,095 shares of the company’s stock valued at $58,251,000 after buying an additional 12,360 shares during the period. Legal & General Group Plc boosted its stake in shares of MB Financial by 7.3% in the first quarter. Legal & General Group Plc now owns 15,460 shares of the company’s stock valued at $502,000 after buying an additional 1,050 shares during the period. Finally, Wesbanco Bank Inc. purchased a new stake in shares of MB Financial during the second quarter valued at $424,000. 64.52% of the stock is currently owned by institutional investors and hedge funds.

MB Financial Company Profile

MB Financial, Inc is a financial holding company. The Company, through its bank subsidiary, MB Financial Bank, N.A., offers a range of financial services to small and middle market businesses, and individuals. The Company’s segments include banking, leasing and mortgage banking. Its banking segment includes lending and deposit gathering activities.

5 Day Chart for NASDAQ:MBFI

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