SunTrust Banks, Inc. set a $49.00 price target on MB Financial Inc. (NASDAQ:MBFI) in a research report report published on Thursday. The firm currently has a buy rating on the bank’s stock.
MBFI has been the subject of a number of other reports. Zacks Investment Research raised MB Financial from a sell rating to a hold rating in a report on Wednesday, September 27th. Piper Jaffray Companies reissued a hold rating and issued a $44.00 price target on shares of MB Financial in a report on Thursday, October 19th. BidaskClub cut MB Financial from a sell rating to a strong sell rating in a report on Friday, July 28th. Jefferies Group LLC reissued a hold rating and issued a $49.00 price target on shares of MB Financial in a report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $45.00 price target on shares of MB Financial in a report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $47.63.
MB Financial (MBFI) traded up $0.45 on Thursday, reaching $44.07. The company’s stock had a trading volume of 311,991 shares, compared to its average volume of 375,152. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.89. The stock has a market capitalization of $3,700.00, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 1.69 and a beta of 1.21. MB Financial has a one year low of $38.28 and a one year high of $48.47.
MB Financial (NASDAQ:MBFI) last posted its earnings results on Thursday, October 19th. The bank reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.08. MB Financial had a return on equity of 8.40% and a net margin of 20.21%. The company had revenue of $252.21 million for the quarter, compared to the consensus estimate of $253.15 million. During the same period in the previous year, the business earned $0.61 earnings per share. equities analysts anticipate that MB Financial will post 2.47 EPS for the current fiscal year.
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In related news, Director Ronald D. Santo sold 2,542 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $39.78, for a total value of $101,120.76. Following the completion of the transaction, the director now directly owns 59,505 shares in the company, valued at $2,367,108.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.05% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC increased its stake in MB Financial by 50.6% in the second quarter. Riverhead Capital Management LLC now owns 2,560 shares of the bank’s stock valued at $113,000 after purchasing an additional 860 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MB Financial by 20.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock valued at $143,000 after purchasing an additional 556 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in MB Financial by 8.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock valued at $144,000 after purchasing an additional 262 shares during the last quarter. World Asset Management Inc acquired a new position in MB Financial in the second quarter valued at $201,000. Finally, HighPoint Advisor Group LLC acquired a new position in MB Financial in the third quarter valued at $208,000. Hedge funds and other institutional investors own 75.00% 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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