MB Financial (NASDAQ:MBFI) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.

MBFI has been the subject of several other reports. SunTrust Banks set a $48.00 target price on shares of MB Financial and gave the company a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Piper Jaffray Companies reiterated a “hold” rating and set a $44.00 target price on shares of MB Financial in a research report on Thursday, October 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $49.00 target price on shares of MB Financial in a research report on Friday, December 22nd. Finally, Jefferies Group reiterated a “hold” rating and set a $49.00 target price on shares of MB Financial in a research report on Thursday, October 12th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $48.50.

MB Financial (NASDAQ MBFI) opened at $46.13 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.84. MB Financial has a 1 year low of $38.28 and a 1 year high of $47.64. The company has a market cap of $3,880.00, a P/E ratio of 19.63, a PEG ratio of 1.49 and a beta of 1.20.

MB Financial (NASDAQ:MBFI) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.08. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. The company had revenue of $252.21 million during the quarter, compared to analyst estimates of $253.15 million. During the same period last year, the business earned $0.61 earnings per share. analysts predict that MB Financial will post 2.48 EPS for the current fiscal year.

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 directly owns 55,236 shares of the company’s stock, valued at $2,554,665. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jill E. York sold 5,000 shares of MB Financial stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total transaction of $223,000.00. Following the transaction, the vice president now directly owns 65,430 shares in the company, valued at $2,918,178. The disclosure for this sale can be found here. Insiders own 4.93% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Riverhead Capital Management LLC raised its stake in shares of MB Financial by 50.6% during the second quarter. Riverhead Capital Management LLC now owns 2,560 shares of the bank’s stock worth $113,000 after acquiring an additional 860 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of MB Financial by 20.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock worth $143,000 after acquiring an additional 556 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of MB Financial by 8.7% during the second quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock worth $144,000 after acquiring an additional 262 shares in the last quarter. HighPoint Advisor Group LLC purchased a new position in shares of MB Financial during the third quarter worth approximately $208,000. Finally, Legato Capital Management LLC purchased a new position in shares of MB Financial in the third quarter worth $223,000. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for MB Financial (NASDAQ:MBFI)

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