MB Financial (NASDAQ:MBFI) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.
A number of other analysts have also weighed in on MBFI. Zacks Investment Research lowered shares of MB Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. Raymond James upgraded shares of MB Financial from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $48.31.
MBFI stock opened at $42.40 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.88 and a current ratio of 0.88. MB Financial has a fifty-two week low of $39.15 and a fifty-two week high of $51.59. The company has a market cap of $3.63 billion, a P/E ratio of 17.74, a PEG ratio of 1.51 and a beta of 0.95.
MB Financial (NASDAQ:MBFI) last released its earnings results on Tuesday, October 23rd. The bank reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.15). MB Financial had a return on equity of 7.48% and a net margin of 26.11%. The firm had revenue of $241.69 million for the quarter, compared to analysts’ expectations of $238.85 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. Analysts anticipate that MB Financial will post 2.72 EPS for the current year.
In other MB Financial news, insider Brian J. Wildman sold 14,683 shares of the stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $45.10, for a total value of $662,203.30. Following the transaction, the insider now directly owns 29,260 shares in the company, valued at $1,319,626. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.69% of the company’s stock.
A number of institutional investors have recently made changes to their positions in MBFI. Water Island Capital LLC increased its stake in MB Financial by 110.4% in the third quarter. Water Island Capital LLC now owns 1,289,108 shares of the bank’s stock valued at $59,441,000 after purchasing an additional 676,348 shares during the last quarter. Voya Investment Management LLC increased its stake in MB Financial by 547.4% in the second quarter. Voya Investment Management LLC now owns 744,892 shares of the bank’s stock valued at $34,786,000 after purchasing an additional 629,830 shares during the last quarter. Morgan Stanley increased its stake in MB Financial by 149.7% in the third quarter. Morgan Stanley now owns 808,043 shares of the bank’s stock valued at $37,261,000 after purchasing an additional 484,377 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in MB Financial in the second quarter valued at approximately $20,128,000. Finally, BlackRock Inc. increased its stake in MB Financial by 4.3% in the second quarter. BlackRock Inc. now owns 9,403,590 shares of the bank’s stock valued at $439,147,000 after purchasing an additional 384,850 shares during the last quarter. Institutional investors own 74.36% of the company’s stock.
MB Financial Company Profile
MB Financial, Inc operates as a bank holding company for MB Financial Bank, N.A. that provides various financial services to small and middle market businesses, and individuals in the United States. The company operates through three segments: Banking, Leasing, and Mortgage Banking. The Banking segment offers commercial banking products, including working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; industrial revenue bond financing; ESOP financing; business acquisition loans; owner occupied real estate loans; asset-based loans; and financial, performance, and commercial letters of credit.
See Also: What is the Ex-Dividend Date in Investing?
Receive News & Ratings for MB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MB Financial and related companies with MarketBeat.com's FREE daily email newsletter.