MB Financial Inc. Expected to Post Q1 2017 Earnings of $0.61 Per Share (MBFI)
MB Financial Inc. (NASDAQ:MBFI) – Equities research analysts at Jefferies Group issued their Q1 2017 earnings estimates for MB Financial in a report released on Tuesday. Jefferies Group analyst E. Harmon expects that the firm will post earnings per share of $0.61 for the quarter. Jefferies Group also issued estimates for MB Financial’s Q2 2017 earnings at $0.65 EPS, Q3 2017 earnings at $0.66 EPS, Q4 2017 earnings at $0.67 EPS, FY2017 earnings at $2.60 EPS and FY2018 earnings at $2.75 EPS.
A number of other analysts also recently weighed in on the company. Zacks Investment Research upgraded MB Financial from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Friday, October 7th. JMP Securities assumed coverage on MB Financial in a research report on Friday, September 16th. They set a “market perform” rating for the company. Sandler O’Neill downgraded MB Financial from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. DA Davidson upped their price objective on MB Financial from $39.19 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 26th. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of MB Financial in a research report on Saturday, July 9th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $36.28.
Shares of MB Financial (NASDAQ:MBFI) traded down 2.43% during mid-day trading on Thursday, reaching $36.99. The company had a trading volume of 214,307 shares. MB Financial has a 52-week low of $27.98 and a 52-week high of $39.50. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 17.28 and a beta of 1.06. The firm’s 50-day moving average price is $38.31 and its 200 day moving average price is $36.35.
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Several large investors have recently modified their holdings of MBFI. BNP Paribas Arbitrage SA boosted its stake in shares of MB Financial by 121.5% in the second quarter. BNP Paribas Arbitrage SA now owns 21,964 shares of the company’s stock valued at $797,000 after buying an additional 12,049 shares during the last quarter. Endeavour Capital Advisors Inc. boosted its stake in shares of MB Financial by 0.7% in the first quarter. Endeavour Capital Advisors Inc. now owns 126,469 shares of the company’s stock valued at $4,104,000 after buying an additional 884 shares during the last quarter. Barclays PLC boosted its stake in shares of MB Financial by 132.5% in the first quarter. Barclays PLC now owns 8,369 shares of the company’s stock valued at $268,000 after buying an additional 4,769 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of MB Financial by 33.3% in the first quarter. Wellington Management Group LLP now owns 2,888,141 shares of the company’s stock valued at $93,720,000 after buying an additional 721,226 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of MB Financial by 9.9% in the first quarter. Geode Capital Management LLC now owns 498,589 shares of the company’s stock valued at $16,179,000 after buying an additional 45,088 shares during the last quarter. 64.18% of the stock is owned by institutional investors.
In other news, insider Rose Marie Bouman sold 1,424 shares of the stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $38.67, for a total value of $55,066.08. Following the completion of the sale, the insider now owns 67,463 shares of the company’s stock, valued at $2,608,794.21. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian J. Wildman sold 4,000 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $38.42, for a total value of $153,680.00. Following the completion of the sale, the insider now directly owns 31,155 shares of the company’s stock, valued at approximately $1,196,975.10. The disclosure for this sale can be found here. 7.05% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.76 annualized dividend and a dividend yield of 2.00%. MB Financial’s payout ratio is 35.68%.
MB Financial Company Profile
MB Financial, Inc is a financial holding company. The Company, through its bank subsidiary, MB Financial Bank, N.A., offers a range of financial services to small and middle market businesses, and individuals. The Company’s segments include banking, leasing and mortgage banking. Its banking segment includes lending and deposit gathering activities.
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