According to Zacks, “MB Financial, Inc. is a bank holding company which conducts a commercial banking business through Manufacturers Bank. “
MBFI has been the subject of several other research reports. JMP Securities started coverage on MB Financial in a research report on Friday, September 16th. They set a market perform rating for the company. JPMorgan Chase & Co. raised their target price on MB Financial from $35.50 to $36.50 and gave the stock a neutral rating in a research report on Thursday, July 7th. Sandler O’Neill downgraded MB Financial from a buy rating to a hold rating in a research report on Friday, August 26th. Finally, DA Davidson raised their target price on MB Financial from $39.19 to $43.00 and gave the stock a neutral rating in a research report on Friday, August 26th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $36.28.
MB Financial (NASDAQ:MBFI) opened at 37.55 on Thursday. The company has a 50 day moving average price of $38.08 and a 200-day moving average price of $36.51. MB Financial has a 52-week low of $27.98 and a 52-week high of $39.50. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 17.54 and a beta of 1.06.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.02%. MB Financial’s payout ratio is currently 35.68%.
In other news, CEO Mitchell Feiger sold 6,500 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $38.69, for a total transaction of $251,485.00. Following the completion of the sale, the chief executive officer now owns 119,997 shares in the company, valued at $4,642,683.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas H. Harvey sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $37.96, for a total value of $759,200.00. The disclosure for this sale can be found here. Insiders own 7.05% of the company’s stock.
Several large investors have recently added to or reduced their stakes in MBFI. Victory Capital Management Inc. increased its stake in 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 last quarter. Huntington Asset Advisors Inc. purchased a new stake in MB Financial during the first quarter worth $165,000. BlackRock Inc. increased its stake in MB Financial by 140.4% in the first quarter. BlackRock Inc. now owns 5,156 shares of the company’s stock worth $168,000 after buying an additional 3,011 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in MB Financial during the second quarter worth $209,000. Finally, Shelton Capital Management purchased a new stake in MB Financial during the second quarter worth $211,000. Institutional investors own 64.20% of the company’s stock.
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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