JMP Securities Initiates Coverage on MB Financial Inc to Market Perform

JMP Securities Initiates Coverage on MB Financial Inc(NASDAQ:MBFI). The shares have been rated Market Perform. The rating by JMP Securities was issued on Sep 16, 2016.

In a different note, On Aug 26, 2016, DA Davidson said it Maintains its rating on MB Financial Inc. In the research note, the firm Raises the price-target to $39.19 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 26, 2016, Sandler O’Neill said it Downgrades its rating on MB Financial Inc. The shares have been rated ‘Hold’ by the firm. On Jul 7, 2016, JP Morgan said it Maintains its rating on MB Financial Inc. In the research note, the firm Raises the price-target to $35.50 per share. The shares have been rated ‘Neutral’ by the firm.

MB Financial Inc (MBFI) made into the market gainers list on Thursdays trading session with the shares advancing 0.98% or 0.37 points. Due to strong positive momentum, the stock ended at $38.26, which is also near the day’s high of $38.33. The stock began the session at $38.13 and the volume stood at 5,28,003 shares. The 52-week high of the shares is $39.5 and the 52 week low is $27.98. The company has a current market capitalization of $2,822 M and it has 7,37,62,487 shares in outstanding.

MB Financial Inc(MBFI) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $129.81M. Analysts had an estimated revenue of $127.39M. Earnings per share were $0.58. Analysts had estimated an EPS of $0.55.

Several Insider Transactions has been reported to the SEC. On Sep 7, 2016, Mitchell Feiger (President and CEO) sold 6,500 shares at $38.69 per share price.Also, On Sep 2, 2016, Thomas H Harvey (director) sold 15,000 shares at $39.18 per share price.On Sep 2, 2016, Jill E York (Vice President and CFO) sold 5,000 shares at $39.05 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

MB Financial Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on MB Financial Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.