MB Financial Inc. (MBFI) Lowered to “Strong Sell” at BidaskClub
BidaskClub downgraded shares of MB Financial Inc. (NASDAQ:MBFI) from a sell rating to a strong sell rating in a research report report published on Friday.
A number of other brokerages have also recently issued reports on MBFI. Piper Jaffray Companies cut shares of MB Financial from an overweight rating to a neutral rating and set a $44.00 price target on the stock. in a research note on Friday, July 21st. Hovde Group decreased their target price on MB Financial from $49.00 to $45.00 and set a market perform rating for the company in a research report on Monday, July 24th. Zacks Investment Research lowered MB Financial from a hold rating to a sell rating in a research report on Thursday, July 27th. Jefferies Group LLC reissued a hold rating and issued a $48.00 target price on shares of MB Financial in a research report on Sunday, June 11th. Finally, ValuEngine lowered MB Financial from a buy rating to a hold rating in a research report on Saturday, June 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $47.67.
MB Financial (NASDAQ MBFI) traded up 0.22% on Friday, reaching $40.99. 37,477 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $43.14 and its 200 day moving average price is $43.36. MB Financial has a 12 month low of $35.00 and a 12 month high of $48.47. The company has a market cap of $3.44 billion, a PE ratio of 18.71 and a beta of 1.14.
MB Financial (NASDAQ:MBFI) last announced its earnings results on Thursday, July 20th. The bank reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.10. MB Financial had a net margin of 19.12% and a return on equity of 7.99%. The business had revenue of $239.51 million for the quarter, compared to the consensus estimate of $247.39 million. During the same quarter last year, the firm posted $0.58 EPS. On average, equities analysts expect that MB Financial will post $2.44 EPS for the current fiscal year.
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In other news, VP Jill E. York sold 5,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $42.30, for a total transaction of $211,500.00. Following the completion of the transaction, the vice president now directly owns 71,525 shares in the company, valued at approximately $3,025,507.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James N. Hallene sold 4,877 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $44.40, for a total value of $216,538.80. Following the transaction, the director now owns 25,339 shares of the company’s stock, valued at $1,125,051.60. The disclosure for this sale can be found here. Insiders have sold a total of 21,702 shares of company stock valued at $943,609 over the last quarter. Corporate insiders own 4.93% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. World Asset Management Inc bought a new stake in MB Financial during the second quarter valued at $201,000. Capstone Asset Management Co. raised its stake in MB Financial by 5.8% in the first quarter. Capstone Asset Management Co. now owns 4,938 shares of the bank’s stock worth $211,000 after buying an additional 270 shares during the last quarter. Suntrust Banks Inc. acquired a new stake in MB Financial during the first quarter worth $212,000. Oakbrook Investments LLC acquired a new stake in MB Financial during the second quarter worth $231,000. Finally, KCG Holdings Inc. acquired a new stake in MB Financial during the first quarter worth $238,000. Institutional investors own 74.49% 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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