MB Financial (NASDAQ: MBFI)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Group (NYSE: JEF) in a report issued on Wednesday.
Separately, analysts at Zacks Investment Research upgraded shares of MB Financial from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday.
MB Financial, Inc. (MB Financial) is a financial holding company with 86 banking offices located primarily in the Chicago area. The Company’s primary market is the Chicago metropolitan area, in which it operates 88 banking offices through its bank subsidiary, MB Financial Bank, N.A. (MB Financial Bank). Through MB Financial Bank, it offers a range of financial services primarily to small and middle market businesses and individuals in the markets that it serve. Its primary lines of business include commercial banking, retail banking and wealth management. As of December 31, 2009, it had total assets of $10.9 billion, deposits of $8.7 billion, stockholders’ equity of $1.3 billion, and $3.3 billion of client assets under administration in its Wealth Management Group. In August 2009, the Company sold its merchant card processing business.
Shares of MB Financial traded up 0.66% during mid-day trading on Wednesday, hitting $18.27. MB Financial has a one year low of $13.86 and a one year high of $22.49. The stock’s 50-day moving average is $17.58 and its 200-day moving average is $16.84. The company has a market cap of $989.1 million and a P/E ratio of 34.90.
Stay on top of analysts' coverage with our daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day. Click here to register.