Shares of MB Financial Inc. (NASDAQ:MBFI) have been given a consensus rating of “Hold” by the eleven ratings firms that are currently covering the company. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $35.83.
MBFI has been the topic of a number of recent research reports. JMP Securities initiated coverage on shares of MB Financial in a research report on Friday, September 16th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of MB Financial from $35.50 to $36.50 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Sandler O’Neill cut shares of MB Financial from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. DA Davidson lifted their price target on shares of MB Financial from $39.19 to $43.00 and gave the company a “neutral” rating in a research report on Friday, August 26th. Finally, Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Saturday, July 9th.
In related news, insider Brian J. Wildman sold 4,000 shares of MB Financial stock in a transaction on Monday, August 1st. The shares were sold at an average price of $38.42, for a total value of $153,680.00. Following the completion of the sale, the insider now owns 31,155 shares in the company, valued at $1,196,975.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas H. Harvey sold 20,000 shares of MB Financial stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $37.96, for a total transaction of $759,200.00. The disclosure for this sale can be found here. 7.05% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of MBFI. Victory Capital Management Inc. raised its stake in shares of MB Financial by 77.2% in the second quarter. Victory Capital Management Inc. now owns 3,130 shares of the company’s stock worth $114,000 after buying an additional 1,364 shares during the period. Huntington Asset Advisors Inc. acquired a new stake in MB Financial during the first quarter valued at $165,000. BlackRock Inc. raised its stake in MB Financial by 140.4% in the first quarter. BlackRock Inc. now owns 5,156 shares of the company’s stock valued at $168,000 after buying an additional 3,011 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in MB Financial during the second quarter valued at $209,000. Finally, Shelton Capital Management acquired a new stake in MB Financial during the second quarter valued at $211,000. Institutional investors and hedge funds own 64.18% of the company’s stock.
MB Financial (NASDAQ:MBFI) opened at 38.04 on Monday. The stock’s 50 day moving average is $38.58 and its 200-day moving average is $36.06. MB Financial has a 1-year low of $27.98 and a 1-year high of $39.50. The company has a market capitalization of $2.79 billion, a P/E ratio of 17.77 and a beta of 1.09.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a $0.19 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.00%. MB Financial’s dividend payout ratio (DPR) is presently 35.68%.
About MB Financial
MB Financial, Inc is a financial holding company. The Company, through its bank subsidiary, MB Financial Bank, N.A., offers a range of financial services to small and middle market businesses, and individuals. The Company’s segments include banking, leasing and mortgage banking. Its banking segment includes lending and deposit gathering activities.
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