MB Financial (MBFI) Stock Rating Upgraded by BidaskClub

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BidaskClub upgraded shares of MB Financial (NASDAQ:MBFI) from a sell rating to a hold rating in a research report released on Tuesday.

Separately, Zacks Investment Research downgraded MB Financial from a hold rating to a sell rating in a research note on Wednesday, July 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $48.31.

Shares of MBFI opened at $44.36 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.21. MB Financial has a 12 month low of $39.15 and a 12 month high of $51.59. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03.

MB Financial (NASDAQ:MBFI) last issued its earnings results on Tuesday, October 23rd. The bank reported $0.60 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.15). MB Financial had a net margin of 26.11% and a return on equity of 7.48%. The business had revenue of $241.69 million for the quarter, compared to analysts’ expectations of $238.85 million. During the same quarter in the prior year, the business posted $0.72 earnings per share. On average, equities research analysts expect that MB Financial will post 2.8 earnings per share for the current year.

In other news, VP Jill E. York sold 5,000 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $48.75, for a total value of $243,750.00. Following the transaction, the vice president now directly owns 62,691 shares in the company, valued at approximately $3,056,186.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.69% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. K2 Principal Fund L.P. purchased a new position in MB Financial during the second quarter valued at $2,588,000. BlackRock Inc. lifted its position in MB Financial by 4.3% during 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 in the last quarter. CIBC Private Wealth Group LLC lifted its position in MB Financial by 1,463.7% during the second quarter. CIBC Private Wealth Group LLC now owns 259,373 shares of the bank’s stock valued at $12,113,000 after purchasing an additional 242,786 shares in the last quarter. Chicago Capital Management LLC purchased a new position in MB Financial during the second quarter valued at $7,500,000. Finally, Dupont Capital Management Corp purchased a new position in MB Financial during the second quarter valued at $2,825,000. Hedge funds and other institutional investors own 74.03% 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.

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Analyst Recommendations for MB Financial (NASDAQ:MBFI)

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