JMP Securities Initiates Coverage on MB Financial Inc. (MBFI)
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.
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.
Receive News & Ratings for MB Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MB Financial Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.