Somewhat Favorable Press Coverage Somewhat Unlikely to Impact MB Financial (MBFI) Share Price
News articles about MB Financial (NASDAQ:MBFI) have trended somewhat positive on Saturday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MB Financial earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 46.4861687966532 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- MB Financial Becomes Oversold (MBFI) (nasdaq.com)
- Buckeye Partners LP (NYSE:BPL) Position Boosted by Naples Global Advisors LLC (campdesrecrues.com)
- Has $192000 Stake in Buckeye Partners LP (NYSE:BPL) (famososartistas.com)
- Validea John Neff Strategy Daily Upgrade Report – 8/8/2017 – Nasdaq (nasdaq.com)
MBFI has been the topic of a number of research reports. Zacks Investment Research cut MB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. BidaskClub upgraded MB Financial from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. ValuEngine cut MB Financial from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Wedbush restated a “neutral” rating and issued a $48.00 price target on shares of MB Financial in a report on Tuesday, June 27th. Finally, Piper Jaffray Companies cut MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 price target on the stock. in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $47.67.
Shares of MB Financial (MBFI) opened at 38.89 on Friday. MB Financial has a one year low of $35.00 and a one year high of $48.47. The firm’s 50-day moving average price is $42.20 and its 200-day moving average price is $43.11. The firm has a market cap of $3.26 billion, a PE ratio of 17.74 and a beta of 1.13.
MB Financial (NASDAQ:MBFI) last posted its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.10. MB Financial had a return on equity of 7.99% and a net margin of 19.12%. The firm had revenue of $239.51 million for the quarter, compared to analysts’ expectations of $247.39 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Equities research analysts expect that MB Financial will post $2.44 earnings per share for the current fiscal year.
In other MB Financial news, VP Jill E. York sold 5,000 shares of MB Financial stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $42.30, for a total transaction of $211,500.00. Following 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 SEC, which is available at the SEC website. Also, Director James N. Hallene sold 4,877 shares of MB Financial stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $44.40, for a total transaction of $216,538.80. Following the transaction, the director now owns 25,339 shares in the company, valued at $1,125,051.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,702 shares of company stock worth $943,609. Corporate insiders own 7.05% 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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