The stock of MB Financial Inc (NASDAQ:MBFI) hit a new 52-week high and has $45.44 target or 5.00% above today’s $43.28 share price. The 8 months bullish chart indicates low risk for the $3.64B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $45.44 price target is reached, the company will be worth $182.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 158,050 shares traded hands. MB Financial Inc (NASDAQ:MBFI) has risen 26.46% since April 25, 2016 and is uptrending. It has outperformed by 20.45% the S&P500.
Analysts await MB Financial Inc (NASDAQ:MBFI) to report earnings on January, 27. They expect $0.61 EPS, up 8.93% or $0.05 from last year’s $0.56 per share. MBFI’s profit will be $51.30M for 17.74 P/E if the $0.61 EPS becomes a reality. After $0.63 actual EPS reported by MB Financial Inc for the previous quarter, Wall Street now forecasts -3.17% negative EPS growth.
MB Financial Inc (NASDAQ:MBFI) Ratings Coverage
Out of 10 analysts covering MB Financial (NASDAQ:MBFI), 3 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 30% are positive. MB Financial has been the topic of 16 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The rating was downgraded by Sandler O’Neill on Friday, August 26 to “Hold”. The firm has “Overweight” rating given on Friday, June 10 by Piper Jaffray. The firm earned “Neutral” rating on Friday, August 26 by DA Davidson. JMP Securities initiated the shares of MBFI in a report on Friday, September 16 with “Market Perform” rating. Hovde Group maintained the shares of MBFI in a report on Tuesday, January 26 with “Market Perform” rating. On Monday, October 19 the stock rating was maintained by Macquarie Research with “Neutral”. The stock of MB Financial Inc (NASDAQ:MBFI) earned “Equal-Weight” rating by Macquarie Research on Tuesday, January 12. The stock of MB Financial Inc (NASDAQ:MBFI) has “Market Perform” rating given on Monday, September 21 by Hovde Group.
According to Zacks Investment Research, “MB Financial, Inc. is a bank holding company which conducts a commercial banking business through Manufacturers Bank.”
Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.05, from 1.12 in 2016Q1. The ratio improved, as 13 funds sold all MB Financial Inc shares owned while 54 reduced positions. 19 funds bought stakes while 56 increased positions. They now own 52.80 million shares or 1.69% less from 53.70 million shares in 2016Q1.
Vanguard Gp, a Pennsylvania-based fund reported 5.48M shares. West Family Invests last reported 0.33% of its portfolio in the stock. The Illinois-based Old Second Comml Bank Of Aurora has invested 0.41% in MB Financial Inc (NASDAQ:MBFI). Clark Capital Mgmt Group Inc has 0.03% invested in the company for 11,848 shares. Moreover, Texas Permanent School Fund has 0.03% invested in MB Financial Inc (NASDAQ:MBFI) for 52,456 shares. Shelton Management has 0.02% invested in the company for 5,811 shares. Federated Investors Pa, a Pennsylvania-based fund reported 631,314 shares. Ftb Incorporated has invested 0% of its portfolio in MB Financial Inc (NASDAQ:MBFI). Great West Life Assurance Can holds 0% of its portfolio in MB Financial Inc (NASDAQ:MBFI) for 7,219 shares. Moreover, Cortina Asset has 0.23% invested in MB Financial Inc (NASDAQ:MBFI) for 138,836 shares. Envestnet Asset Mgmt, a Illinois-based fund reported 4,577 shares. Ameriprise Fincl Incorporated has 422,833 shares for 0.01% of their US portfolio. Bank Of America De accumulated 0% or 43,626 shares. Prudential Fin holds 0.01% of its portfolio in MB Financial Inc (NASDAQ:MBFI) for 182,752 shares. Moreover, Royal Bank Of Canada has 0.01% invested in MB Financial Inc (NASDAQ:MBFI) for 484,950 shares.
Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 11 insider sales for $2.57 million net activity. $101,109 worth of MB Financial Inc (NASDAQ:MBFI) was sold by BOUMAN ROSE MARIE on Tuesday, May 31. 4,000 shares with value of $153,680 were sold by Wildman Brian J on Monday, August 1. $210,357 worth of MB Financial Inc (NASDAQ:MBFI) was sold by YORK JILL E on Wednesday, November 16. The insider HARVEY THOMAS H sold $587,711. The insider Francoeur John sold $25,800. 6,500 shares were sold by FEIGER MITCHELL, worth $251,485.
More news for MB Financial Inc (NASDAQ:MBFI) were recently published by: Nasdaq.com, which released: “Sunil Garg Appointed to MB Financial, Inc. Board of Directors” on November 02, 2016. Globenewswire.com‘s article titled: “MB Financial, Inc. Reports Results of Its 2016 Dodd-Frank Act Company-Run …” and published on October 28, 2016 is yet another important article.
MBFI Company Profile
MB Financial, Inc. (MB Financial), incorporated on July 2, 2001, is a financial holding company. The Company’s divisions include banking, leasing and mortgage banking. The Company’s primary market is the Chicago metropolitan area, in which the Company operates approximately 80 banking offices through its bank subsidiary, MB Financial Bank, N.A. (MB Financial Bank). Through MB Financial Bank, the Company offers a range of financial services to small and middle market businesses, and individuals in the markets that the Company serves. MB Financial Bank’s subsidiaries include LaSalle Systems Leasing, Inc. (LaSalle), Celtic Leasing Corp. (Celtic), MB Equipment Finance, LLC, (MB Equipment Finance) and MSA Holdings, LLC (MSA). MB Financial Bank also has a majority owned subsidiary with operating activities, Cedar Hill Associates, LLC (Cedar Hill).
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