Markets

MB Financial (MBFI) Soars: Stock Adds 12.9% in Session

MB Financial, Inc.MBFI was a big mover last session, as the company saw its shares rise almost 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $42.23 to $44.10 in the past one month time frame.

The stock was driven after the company received a takeover bid from Fifth Third Bancorp.

The company has seen a mixed track record when it comes to estimate revisions of two increases and three decreases over the past month, while the Zacks Consensus Estimate has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

MB Financial currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

MB Financial Inc. Price

MB Financial Inc. Price | MB Financial Inc. Quote

Investors interested in the Banks - Northeast industry may consider Blue Hills Bancorp, Inc. BHBK , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

Is MBFI going up? Or down? Predict to see what others think: Up or Down

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

MB Financial Inc. (MBFI): Free Stock Analysis Report

Blue Hills Bancorp, Inc. (BHBK): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More