Jefferies Reiterates a Hold Rating on MB Financial Inc

By Austin Angelo

Jefferies analyst Ken Usdin reiterated a Hold rating on MB Financial Inc (NASDAQ: MBFI) on June 9 and set a price target of $48. The company’s shares closed last Friday at $44.39.

According to, Usdin is a top 25 analyst with an average return of 19.9% and a 80.4% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Currently, the analyst consensus on MB Financial Inc is Hold and the average price target is $47.50, representing a 7.0% upside.

In a report issued on June 1, KBW also reiterated a Hold rating on the stock with a $47 price target.

Based on MB Financial Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $255 million and quarterly net profit of $54.54 million. In comparison, last year the company earned revenue of $208 million and had a net profit of $39.11 million.

Based on the recent corporate insider activity of 121 insiders, corporate insider sentiment is negative on the stock. Earlier this month, James Hallene, a Director at MBFI sold 4,877 shares for a total of $216,542.

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MB Financial, Inc. is a holding company, which engages in the provision of commercial banking, leasing, retail banking, and wealth management services. It has financial solutions, including debt, equity and bridge financing to privately-held middle-market businesses, as well as small businesses and individuals. Its commercial banking business offers credit, deposit, and treasury management products. It operates through the following segments: Banking, Leasing, and Mortgage Banking. The Banking segment concentrates on serving small and middle market businesses, and owners. and focuses on serving consumers who live or work near its branches. The Leasing segment includes lease originations and related services offered through its leasing subsidiaries: LaSalle, Celtic, and MB Equipment Finance. The Mortgage Banking segment offers services residential mortgage loans for various investors and for loans owned by the company and makes bulk purchases of servicing rights. The company was founded in 2001 and is headquartered in Chicago, IL.