UPDATE: Jefferies Raises PT to $19 on MB Financial
Jefferies remains Hold-rated on MB Financial (NASDAQ: MBFI) and raises its price target to $19, up $1, following the company's 4Q11 report that reveals a better outlook for 2012.
Jefferies says, "We are updating our estimates following recently reported 4Q11 earnings. While the near-term was a mixed bag, with interest income better than expected, but fees light, trends look a bit better as loan growth is picking up and the margin run-rate resets higher. We take our 2012 EPS estimate to $1.50 (from $1.45) and 2013 to $1.70 (from $1.65)."
MBFI closed at $18.15 a share on Tuesday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.