MB Financial Inc (NASDAQ:MBFI) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 26, 2016
Zacks Investment Research has downgraded MB Financial Inc (NASDAQ:MBFI) to Hold in a statement released on Monday September 26, 2016.
Boasting a price of $37.44, MB Financial Inc (NASDAQ:MBFI) traded -1.37% lower on the day. The last stock price is up 4.10% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $38.67 and a 200-day moving average of $35.96. 480,224 shares of the stock were exchanged, down from an average trading volume of 576,930
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MB Financial Inc has a 52 week low of $27.98 and a 52 week high of $39.50 with a P/E ratio of 17.49 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $36.78 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About MB Financial Inc (NASDAQ:MBFI)
MB Financial, Inc. is a financial holding company. The Company, through its bank subsidiary, MB Financial Bank, N.A., offers a range of financial services to small and middle market businesses, and individuals. The Company's segments include banking, leasing and mortgage banking. Its banking segment includes lending and deposit gathering activities. It includes four primary lines of business: commercial banking, lease banking, retail banking and wealth management. Its leasing segment includes lease originations and related services offered through the Company's leasing subsidiaries: LaSalle Systems Leasing, Inc., Celtic Leasing Corp. and MB Equipment Finance, LLC. Its mortgage banking segment originates residential mortgage loans for sale to investors through its retail and third-party origination channels, as well as residential mortgage loans held in its loan portfolio. The mortgage banking segment also services residential mortgage loans owned by investors and the Company.
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