Zacks Investment Research lowered shares of MB Financial (NASDAQ:MBFI) from a buy rating to a hold rating in a research report report published on Tuesday morning.

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

Several other equities analysts also recently weighed in on the company. Piper Jaffray Companies reissued a hold rating and set a $45.00 target price on shares of MB Financial in a research report on Sunday, January 28th. SunTrust Banks reissued a buy rating and set a $48.00 target price on shares of MB Financial in a research report on Friday, January 26th. Sandler O’Neill reissued a hold rating and set a $46.00 target price on shares of MB Financial in a research report on Friday, January 26th. DA Davidson downgraded MB Financial from a buy rating to a neutral rating in a research report on Friday, January 26th. Finally, Hovde Group set a $49.00 price objective on MB Financial and gave the company a hold rating in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $48.78.

MB Financial (NASDAQ:MBFI) opened at $42.84 on Tuesday. The firm has a market capitalization of $3,590.01 and a P/E ratio of 12.29. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.27. MB Financial has a 12-month low of $38.28 and a 12-month high of $47.64.

MB Financial (NASDAQ:MBFI) last released its earnings results on Thursday, January 25th. The bank reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.10). The company had revenue of $242.71 million for the quarter, compared to the consensus estimate of $251.78 million. MB Financial had a net margin of 29.25% and a return on equity of 8.11%. During the same period in the prior year, the firm posted $0.59 EPS. analysts forecast that MB Financial will post 2.81 earnings per share for the current year.

In other MB Financial news, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total value of $223,000.00. Following the transaction, the vice president now owns 65,430 shares of the company’s stock, valued at approximately $2,918,178. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark A. Heckler sold 13,804 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $46.25, for a total value of $638,435.00. Following the completion of the transaction, the insider now directly owns 55,236 shares in the company, valued at approximately $2,554,665. The disclosure for this sale can be found here. Corporate insiders own 7.05% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. purchased a new stake in shares of MB Financial in the 4th quarter worth $169,000. US Bancorp DE lifted its holdings in shares of MB Financial by 17.1% in the 4th quarter. US Bancorp DE now owns 10,558 shares of the bank’s stock worth $470,000 after buying an additional 1,541 shares during the period. Aperio Group LLC lifted its holdings in shares of MB Financial by 5.3% in the 4th quarter. Aperio Group LLC now owns 23,579 shares of the bank’s stock worth $1,050,000 after buying an additional 1,179 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of MB Financial by 40.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,568 shares of the bank’s stock worth $203,000 after buying an additional 1,313 shares during the period. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of MB Financial by 2.4% in the 4th quarter. Mutual of America Capital Management LLC now owns 169,441 shares of the bank’s stock worth $7,544,000 after buying an additional 4,033 shares during the period. 76.54% of the stock is currently owned by institutional investors.

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MB Financial Company Profile

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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