MB Financial (MBFI) Downgraded to Sell at Zacks Investment Research

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Zacks Investment Research cut shares of MB Financial (NASDAQ:MBFI) from a hold rating to a sell rating in a report published on Tuesday.

According to Zacks, “MB Financial, Inc. is a bank holding company which conducts a commercial banking business through Manufacturers Bank. “

Separately, BidaskClub lowered MB Financial from a hold rating to a sell rating in a research note on Saturday, December 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and an average target price of $50.40.

Shares of NASDAQ:MBFI opened at $46.73 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17. MB Financial has a 12-month low of $37.13 and a 12-month high of $51.59. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.33 and a beta of 0.99.

MB Financial (NASDAQ:MBFI) last issued its quarterly earnings results on Tuesday, January 22nd. The bank reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $245.19 million for the quarter, compared to analyst estimates of $238.95 million. MB Financial had a return on equity of 8.06% and a net margin of 19.58%. During the same period last year, the company earned $0.53 EPS. Sell-side analysts expect that MB Financial will post 3.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 8th. Stockholders of record on Friday, March 29th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, March 28th. MB Financial’s dividend payout ratio is currently 35.56%.

In other news, VP Jill E. York sold 10,000 shares of MB Financial stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $45.65, for a total value of $456,500.00. Following the transaction, the vice president now directly owns 72,391 shares of the company’s stock, valued at approximately $3,304,649.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian J. Wildman sold 3,285 shares of MB Financial stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $44.14, for a total value of $144,999.90. Following the completion of the transaction, the insider now directly owns 24,940 shares in the company, valued at $1,100,851.60. The disclosure for this sale can be found here. Insiders own 2.69% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in MB Financial by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 981,673 shares of the bank’s stock worth $38,903,000 after purchasing an additional 75,009 shares during the last quarter. Norges Bank purchased a new stake in MB Financial during the 4th quarter worth approximately $36,913,000. Amalgamated Bank increased its holdings in MB Financial by 3.9% during the 4th quarter. Amalgamated Bank now owns 11,998 shares of the bank’s stock worth $475,000 after purchasing an additional 450 shares during the last quarter. HRT Financial LLC purchased a new stake in MB Financial during the 4th quarter worth approximately $421,000. Finally, Millennium Management LLC purchased a new stake in MB Financial during the 4th quarter worth approximately $2,677,000. Institutional investors and hedge funds own 74.42% of the company’s stock.

MB Financial Company Profile

MB Financial, Inc operates as a bank holding company for MB Financial Bank, N.A. that provides various financial services to small and middle market businesses, and individuals primarily in Chicago, Illinois metropolitan area. The company operates through three segments: Banking, Leasing, and Mortgage Banking.

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