MB Financial (NASDAQ:MBFI) was upgraded by stock analysts at Raymond James from a “market perform” rating to an “outperform” rating in a report released on Wednesday, October 31st, MarketBeat reports.
Several other analysts also recently issued reports on MBFI. Zacks Investment Research downgraded MB Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. BidaskClub downgraded MB Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $48.31.
NASDAQ:MBFI traded down $0.12 during trading hours on Wednesday, hitting $44.17. 296,331 shares of the company’s stock traded hands, compared to its average volume of 547,223. 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 twelve month low of $39.15 and a twelve month high of $51.59. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.53 and a beta of 0.98.
MB Financial (NASDAQ:MBFI) last issued its earnings results on Tuesday, October 23rd. The bank reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.15). The firm had revenue of $241.69 million during the quarter, compared to analyst estimates of $238.85 million. MB Financial had a return on equity of 7.48% and a net margin of 26.11%. During the same period in the previous year, the company earned $0.72 earnings per share. Equities analysts forecast that MB Financial will post 2.76 earnings per share for the current year.
In other news, VP Jill E. York sold 5,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 62,691 shares of the company’s stock, valued at approximately $3,056,186.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian J. Wildman sold 14,683 shares of the stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $45.10, for a total value of $662,203.30. Following the completion of the transaction, the insider now directly owns 29,260 shares of the company’s stock, valued at $1,319,626. The disclosure for this sale can be found here. Corporate insiders own 2.69% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC acquired a new position in shares of MB Financial in the 3rd quarter worth approximately $109,000. Wolverine Asset Management LLC acquired a new stake in MB Financial during the 2nd quarter valued at $172,000. Trilogy Capital Inc. acquired a new stake in MB Financial during the 3rd quarter valued at $195,000. Gideon Capital Advisors Inc. acquired a new stake in MB Financial during the 2nd quarter valued at $219,000. Finally, Nomura Holdings Inc. acquired a new stake in MB Financial during the 2nd quarter valued at $252,000. 73.65% of the stock is owned by institutional investors and hedge funds.
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.
Recommended Story: Can individual investors take part in an IPO?
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.