MB Financial (NASDAQ:MBFI) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
A number of other research analysts have also recently issued reports on MBFI. Zacks Investment Research upgraded shares of MB Financial from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Thursday, January 25th. Hovde Group set a $44.00 price target on shares of MB Financial and gave the company a “hold” rating in a report on Thursday, February 8th. Sandler O’Neill reissued a “hold” rating and issued a $46.00 price target on shares of MB Financial in a report on Friday, January 26th. Piper Jaffray Companies reissued a “hold” rating and issued a $45.00 price target on shares of MB Financial in a report on Sunday, January 28th. Finally, DA Davidson lowered shares of MB Financial from a “buy” rating to a “neutral” rating in a report on Friday, January 26th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $47.75.
MB Financial (NASDAQ MBFI) opened at $44.91 on Thursday. MB Financial has a one year low of $38.28 and a one year high of $47.64. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The stock has a market cap of $3,686.25, a P/E ratio of 12.91, a PEG ratio of 1.49 and a beta of 1.03.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of MB Financial by 1.8% in the fourth quarter. BlackRock Inc. now owns 8,837,206 shares of the bank’s stock valued at $393,431,000 after purchasing an additional 158,360 shares in the last quarter. Virtus Fund Advisers LLC grew its holdings in MB Financial by 10.5% during the 4th quarter. Virtus Fund Advisers LLC now owns 1,996,250 shares of the bank’s stock worth $88,873,000 after acquiring an additional 189,200 shares during the period. The Manufacturers Life Insurance Company grew its holdings in MB Financial by 2.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,652,946 shares of the bank’s stock worth $73,590,000 after acquiring an additional 45,083 shares during the period. Bank of New York Mellon Corp grew its holdings in MB Financial by 8.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,206,213 shares of the bank’s stock worth $54,303,000 after acquiring an additional 95,262 shares during the period. Finally, Geode Capital Management LLC grew its holdings in MB Financial by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 726,110 shares of the bank’s stock worth $32,326,000 after acquiring an additional 49,424 shares during the period. 75.20% of the stock is owned by institutional investors and hedge funds.
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MB Financial Company Profile
MB Financial, Inc (MB Financial) is a financial holding company. The Company’s segments include banking, leasing and mortgage banking. As of December 31, 2016, the Company’s primary market was the Chicago metropolitan area, in which the Company operated 95 banking offices through its bank subsidiary, MB Financial Bank, N.A.
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