MB Financial (MBFI) Stock Rating Lowered by Zacks Investment Research

MB Financial (NASDAQ:MBFI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

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

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Several other research firms have also recently commented on MBFI. Hovde Group set a $49.00 target price on MB Financial and gave the stock a “hold” rating in a research report on Friday, January 12th. BidaskClub upgraded MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. SunTrust Banks restated a “buy” rating and set a $52.00 target price on shares of MB Financial in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $49.00 target price on shares of MB Financial in a research report on Friday, December 22nd. Finally, DA Davidson cut MB Financial from a “buy” rating to a “neutral” rating in a research report on Friday, January 26th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. MB Financial has an average rating of “Hold” and an average price target of $46.75.

MB Financial stock opened at $40.37 on Friday. MB Financial has a 52 week low of $38.28 and a 52 week high of $47.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.88. The stock has a market cap of $3,401.66, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.36 and a beta of 1.03.

MB Financial (NASDAQ:MBFI) last posted its earnings results on Thursday, January 25th. The bank reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.10). MB Financial had a return on equity of 8.11% and a net margin of 29.25%. The business had revenue of $242.71 million for the quarter, compared to analysts’ expectations of $251.78 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. equities research analysts predict that MB Financial will post 2.82 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of MB Financial by 1.8% in the 4th quarter. BlackRock Inc. now owns 8,837,206 shares of the bank’s stock worth $393,431,000 after purchasing an additional 158,360 shares in the last quarter. Virtus Fund Advisers LLC boosted its holdings in shares of MB Financial by 10.5% in the 4th quarter. Virtus Fund Advisers LLC now owns 1,996,250 shares of the bank’s stock worth $88,873,000 after purchasing an additional 189,200 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of MB Financial by 2.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,652,946 shares of the bank’s stock worth $73,590,000 after purchasing an additional 45,083 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of MB Financial by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 726,110 shares of the bank’s stock worth $32,326,000 after purchasing an additional 49,424 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of MB Financial by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 617,931 shares of the bank’s stock worth $27,509,000 after purchasing an additional 5,981 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

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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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