MB Financial (NASDAQ:MBFI) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Other analysts also recently issued reports about the company. Zacks Investment Research raised MB Financial from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Thursday, January 25th. SunTrust Banks set a $48.00 price target on MB Financial and gave the company a “buy” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $49.00 price target on shares of MB Financial in a research report on Friday, December 22nd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $44.00 price target on shares of MB Financial in a research report on Thursday, October 19th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $49.00 price target on shares of MB Financial in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $48.78.

Shares of MB Financial (MBFI) opened at $43.59 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $3,623.57, a P/E ratio of 12.53, a P/E/G ratio of 1.35 and a beta of 1.20. MB Financial has a 52-week low of $38.28 and a 52-week high of $47.64.

MB Financial (NASDAQ:MBFI) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.10). The business had revenue of $242.71 million for the quarter, compared to analysts’ expectations of $251.78 million. MB Financial had a net margin of 29.25% and a return on equity of 8.11%. During the same period in the previous year, the business posted $0.59 earnings per share. research analysts anticipate that MB Financial will post 3.05 EPS for the current fiscal year.

In other MB Financial news, insider Mark A. Heckler sold 13,804 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $46.25, for a total transaction of $638,435.00. Following the completion of the transaction, the insider now directly owns 55,236 shares of the company’s stock, valued at $2,554,665. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jill E. York sold 5,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $44.60, for a total value of $223,000.00. Following the transaction, the vice president now directly owns 65,430 shares of the company’s stock, valued at $2,918,178. The disclosure for this sale can be found here. 4.93% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in MB Financial by 1.6% during the second quarter. Vanguard Group Inc. now owns 6,531,759 shares of the bank’s stock valued at $287,658,000 after purchasing an additional 104,479 shares during the period. Channing Capital Management LLC grew its holdings in MB Financial by 1.5% during the third quarter. Channing Capital Management LLC now owns 1,598,971 shares of the bank’s stock valued at $71,986,000 after purchasing an additional 23,593 shares during the period. The Manufacturers Life Insurance Company grew its holdings in MB Financial by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,582,553 shares of the bank’s stock valued at $69,696,000 after purchasing an additional 102,149 shares during the period. Bank of New York Mellon Corp grew its holdings in MB Financial by 8.6% during the third quarter. Bank of New York Mellon Corp now owns 1,206,213 shares of the bank’s stock valued at $54,303,000 after purchasing an additional 95,262 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in MB Financial by 7.3% during the third quarter. Ameriprise Financial Inc. now owns 696,260 shares of the bank’s stock valued at $31,346,000 after purchasing an additional 47,503 shares during the period. 76.54% of the stock is owned by institutional investors and hedge funds.

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About MB Financial

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.

Analyst Recommendations for MB Financial (NASDAQ:MBFI)

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