Zacks Investment Research downgraded shares of MB Financial Inc. (NASDAQ:MBFI) from a hold rating to a sell rating in a report published on Thursday morning.

According to Zacks, “MB Financial, Inc. is a bank holding company which conducts a commercial banking business through Manufacturers Bank. “

Several other research analysts also recently commented on MBFI. Keefe, Bruyette & Woods set a $46.00 price objective on MB Financial and gave the stock a hold rating in a report on Monday, April 3rd. Jefferies Group LLC reiterated a hold rating and issued a $48.00 price objective on shares of MB Financial in a report on Tuesday, April 4th. ValuEngine downgraded MB Financial from a buy rating to a hold rating in a report on Saturday, June 3rd. BidaskClub upgraded MB Financial from a sell rating to a hold rating in a report on Thursday, June 15th. Finally, Wedbush restated a neutral rating and set a $48.00 price target on shares of MB Financial in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $47.67.

Shares of MB Financial (NASDAQ:MBFI) opened at 40.86 on Thursday. The firm has a 50 day moving average price of $43.24 and a 200-day moving average price of $43.45. MB Financial has a 52-week low of $35.00 and a 52-week high of $48.47. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 18.65 and a beta of 1.14.

MB Financial (NASDAQ:MBFI) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.10. The company had revenue of $239.51 million during the quarter, compared to analysts’ expectations of $247.39 million. MB Financial had a return on equity of 7.99% and a net margin of 19.12%. During the same quarter in the prior year, the firm posted $0.58 EPS. Equities research analysts anticipate that MB Financial will post $2.44 earnings per share for the current year.

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In other MB Financial news, insider Mitchell Feiger sold 11,825 shares of MB Financial stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $43.60, for a total transaction of $515,570.00. Following the sale, the insider now directly owns 140,724 shares of the company’s stock, valued at approximately $6,135,566.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James N. Hallene sold 4,877 shares of MB Financial 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 sale, the director now directly owns 25,339 shares in the company, valued at $1,125,051.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,702 shares of company stock worth $943,609. 4.93% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of MBFI. Sei Investments Co. boosted its stake in MB Financial by 21.0% in the first quarter. Sei Investments Co. now owns 41,290 shares of the bank’s stock valued at $1,768,000 after buying an additional 7,180 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in MB Financial by 1.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 32,920 shares of the bank’s stock valued at $1,410,000 after buying an additional 440 shares during the last quarter. Teachers Advisors LLC boosted its stake in MB Financial by 8.0% in the fourth quarter. Teachers Advisors LLC now owns 118,139 shares of the bank’s stock valued at $5,580,000 after buying an additional 8,746 shares during the last quarter. Norges Bank purchased a new stake in MB Financial during the fourth quarter valued at $27,453,000. Finally, Louisiana State Employees Retirement System boosted its stake in 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 last quarter. 74.49% of the stock is currently owned by institutional investors and hedge funds.

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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