MB Financial CFO Sells $28,520 in Stock (MBFI)
MB Financial (NASDAQ:MBFI) CFO Jill E. York sold 1,000 shares of MB Financial stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $28.52, for a total value of $28,520.00. Following the completion of the sale, the chief financial officer now directly owns 91,062 shares of the company’s stock, valued at approximately $2,597,088. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
MB Financial (NASDAQ:MBFI) traded down 1.30% on Thursday, hitting $28.15. 234,893 shares of the company’s stock traded hands. MB Financial has a 52 week low of $24.44 and a 52 week high of $32.85. The stock has a 50-day moving average of $27.35 and a 200-day moving average of $28.47. The company has a market cap of $1.539 billion and a P/E ratio of 17.28.
MB Financial (NASDAQ:MBFI) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. Analysts expect that MB Financial will post $1.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, September 11th.
Separately, analysts at Sterne Agee upgraded shares of MB Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 9th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. MB Financial presently has a consensus rating of “Hold” and a consensus price target of $31.60.
MB Financial, Inc (NASDAQ:MBFI) is a financial holding company.
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