Piper Jaffray Initiates Coverage on MB Financial Inc(NASDAQ:MBFI). The shares have been rated Overweight. The rating by Piper Jaffray was issued on Jun 10, 2016.
In a different note, DA Davidson said it Initiates Coverage on MB Financial Inc, according to a research note issued on Apr 7, 2016. The shares have been rated ‘Neutral’ by the firm.
MB Financial Inc (MBFI) made into the market gainers list on Wednesdays trading session with the shares advancing 0.17% or 0.06 points. Due to strong positive momentum, the stock ended at $34.84, which is also near the day’s high of $35.54. The stock began the session at $34.97 and the volume stood at 2,72,218 shares. The 52-week high of the shares is $36.62 and the 52 week low is $27.98. The company has a current market capitalization of $2,567 M and it has 7,36,72,795 shares in outstanding.
MB Financial Inc(MBFI) last announced its earnings results on Apr 18, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $126.50M. Analysts had an estimated revenue of $125.25M. Earnings per share were $0.54. Analysts had estimated an EPS of $0.51.
Several Insider Transactions has been reported to the SEC. On May 26, 2016, Ronald D Santo (director) sold 5,000 shares at $36.05 per share price.Also, On May 26, 2016, Jill E York (Vice President and CFO) sold 2,500 shares at $36.12 per share price.On May 4, 2016, Thomas H Harvey (director) sold 12,900 shares at $34.12 per share price, according to the Form-4 filing with the securities and exchange commission.
MB Financial Inc. (MB Financial) is a financial holding company. Through its bank subsidiary MB Financial Bank N.A. (MB Financial Bank) the Company offers financial services to small and middle market businesses and individuals in the markets that it serves. Its primary business segments include banking leasing and mortgage banking. It makes commercial loans to middle market businesses located in the Chicago area. Loan products offered by it are primarily working capital term loans and lines of credit that help its customers finance accounts receivable inventory and equipment. It also offers financial performance and commercial letters of credit. It originates commercial real estate loans that are secured by multi-unit residential property and owner and non-owner occupied commercial and industrial property. Its consumer loan portfolio is focused on indirect vehicle loans through a network of motorcycle power sports recreational vehicles and marine dealers.