MB Financial Inc (MBFI) Given Average Recommendation of “Hold” by Analysts
Shares of MB Financial Inc (NASDAQ:MBFI) have earned an average recommendation of “Hold” from the eleven analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $47.00.
Several equities analysts have weighed in on the stock. Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Thursday, January 25th. Hovde Group set a $49.00 price target on shares of MB Financial and gave the company a “hold” rating in a report on Friday, January 12th. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. SunTrust Banks reaffirmed a “buy” rating and set a $52.00 price target on shares of MB Financial in a report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $49.00 price target on shares of MB Financial in a report on Friday, December 22nd.
MB Financial (NASDAQ:MBFI) traded up $0.84 on Wednesday, hitting $42.59. 433,345 shares of the company were exchanged, compared to its average volume of 414,361. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.88 and a current ratio of 0.91. The stock has a market capitalization of $3,506.51, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 1.41 and a beta of 1.03. MB Financial has a one year low of $38.28 and a one year high of $47.64.
In other MB Financial news, insider Mark A. Heckler sold 13,804 shares of MB Financial stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $46.25, for a total transaction of $638,435.00. Following the transaction, the insider now owns 55,236 shares of the company’s stock, valued at $2,554,665. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.93% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in MBFI. Virtus Fund Advisers LLC raised its position in shares of MB Financial by 10.5% during the fourth quarter. Virtus Fund Advisers LLC now owns 1,996,250 shares of the bank’s stock valued at $88,873,000 after buying an additional 189,200 shares during the last quarter. Deutsche Bank AG raised its position in shares of MB Financial by 87.0% during the fourth quarter. Deutsche Bank AG now owns 396,293 shares of the bank’s stock valued at $17,638,000 after buying an additional 184,411 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of MB Financial by 38.1% during the third quarter. Wells Fargo & Company MN now owns 611,950 shares of the bank’s stock valued at $27,550,000 after buying an additional 168,827 shares during the last quarter. BlackRock Inc. raised its position in shares of MB Financial by 1.8% during the fourth quarter. BlackRock Inc. now owns 8,837,206 shares of the bank’s stock valued at $393,431,000 after buying an additional 158,360 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of MB Financial by 51.7% during the third quarter. Parametric Portfolio Associates LLC now owns 326,526 shares of the bank’s stock valued at $14,700,000 after buying an additional 111,338 shares during the last quarter. Hedge funds and other institutional investors own 75.20% 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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