MB Financial Inc (NASDAQ:MBFI) had its price objective reduced by Hovde Group from $37.00 to $31.00 in a research report released on Tuesday morning, Marketbeat.com reports. They currently have a market perform rating on the stock.

In related news, CFO Jill E. York sold 5,000 shares of MB Financial stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $35.73, for a total value of $178,650.00. Following the completion of the transaction, the chief financial officer now directly owns 86,854 shares of the company’s stock, valued at $3,103,293.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Several hedge funds and institutional investors have added to or reduced their stakes in MBFI. Channing Capital Management LLC boosted its position in MB Financial by 8.9% in the fourth quarter. Channing Capital Management LLC now owns 1,642,836 shares of the company’s stock worth $53,179,000 after buying an additional 133,649 shares in the last quarter. California State Teachers Retirement System boosted its position in MB Financial by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 139,197 shares of the company’s stock worth $4,506,000 after buying an additional 2,093 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in MB Financial during the fourth quarter worth about $991,000. Nationwide Fund Advisors boosted its position in MB Financial by 1.0% in the fourth quarter. Nationwide Fund Advisors now owns 63,689 shares of the company’s stock worth $2,062,000 after buying an additional 660 shares in the last quarter. Finally, Russell Frank Co boosted its position in MB Financial by 73.5% in the fourth quarter. Russell Frank Co now owns 400,069 shares of the company’s stock worth $13,231,000 after buying an additional 169,458 shares in the last quarter.

A number of other research firms have also recently issued reports on MBFI. Keefe, Bruyette & Woods boosted their price objective on MB Financial from $36.00 to $38.00 and gave the company an outperform rating in a research report on Tuesday, November 24th. Zacks Investment Research cut MB Financial from a hold rating to a sell rating in a research report on Monday, November 30th. JPMorgan Chase & Co. restated a neutral rating and set a $34.00 price objective (down from $36.00) on shares of MB Financial in a research report on Thursday, December 3rd. Sandler O’Neill upgraded MB Financial from a hold rating to a buy rating and lowered their price objective for the company from $34.00 to $33.00 in a research report on Thursday, December 3rd. Finally, DA Davidson restated a buy rating and set a $33.00 price objective (down from $36.00) on shares of MB Financial in a research report on Thursday, December 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. MB Financial currently has an average rating of Hold and a consensus target price of $33.00.

Shares of MB Financial (NASDAQ:MBFI) traded up 3.49% during midday trading on Tuesday, hitting $31.12. 1,110,564 shares of the company were exchanged. The company’s 50 day moving average price is $30.99 and its 200 day moving average price is $32.77. MB Financial has a one year low of $27.98 and a one year high of $36.23. The firm has a market cap of $2.28 billion and a P/E ratio of 15.41.

MB Financial (NASDAQ:MBFI) last released its quarterly earnings data on Friday, January 22nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. Equities analysts expect that MB Financial will post $2.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 31st. Investors of record on Tuesday, December 15th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.19%.

MB Financial, Inc. (NASDAQ:MBFI) 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.

12 Month Chart for NASDAQ:MBFI

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