MB Financial Inc (MBFI) Plans Dividend Increase – $0.21 Per Share
MB Financial Inc (NASDAQ:MBFI) declared a quarterly dividend on Friday, May 26th. Shareholders of record on Thursday, June 15th will be paid a dividend of 0.21 per share by the bank on Friday, June 30th. This represents a $0.84 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Tuesday, June 13th. This is an increase from MB Financial’s previous quarterly dividend of $0.19.
Shares of MB Financial (NASDAQ:MBFI) traded down 0.62% on Friday, reaching $41.82. The company’s stock had a trading volume of 212,027 shares. The stock has a market cap of $3.50 billion, a P/E ratio of 18.57 and a beta of 1.14. MB Financial has a 52-week low of $32.72 and a 52-week high of $48.47. The firm’s 50 day moving average is $42.32 and its 200-day moving average is $43.96.
MB Financial (NASDAQ:MBFI) last released its earnings results on Thursday, April 27th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. MB Financial had a return on equity of 8.33% and a net margin of 18.78%. The business had revenue of $234.82 million during the quarter, compared to the consensus estimate of $240.47 million. During the same period last year, the business posted $0.54 earnings per share. On average, equities research analysts forecast that MB Financial will post $2.64 EPS for the current year.
MBFI has been the subject of a number of recent research reports. Macquarie initiated coverage on MB Financial in a research report on Friday, February 17th. They issued an “outperform” rating and a $52.00 target price for the company. Zacks Investment Research downgraded MB Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $48.00 target price on shares of MB Financial in a research report on Tuesday, April 4th. Finally, Keefe, Bruyette & Woods downgraded MB Financial from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $47.00 to $46.00 in a research report on Monday, January 30th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $45.81.
In other news, Director Karen J. May sold 4,924 shares of MB Financial stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $45.46, for a total value of $223,845.04. Following the completion of the transaction, the director now directly owns 1,794 shares in the company, valued at $81,555.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mitchell Feiger sold 11,825 shares of MB Financial stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $43.60, for a total value of $515,570.00. Following the completion of the transaction, the insider now owns 140,724 shares of the company’s stock, valued at $6,135,566.40. The disclosure for this sale can be found here. 7.05% of the stock is currently owned by insiders.
About MB Financial
MB Financial, Inc (MB Financial) is a financial holding company. The Company’s segments include banking, leasing and mortgage banking. As of December 31, 2016, the Company’s primary market was the Chicago metropolitan area, in which the Company operated 95 banking offices through its bank subsidiary, MB Financial Bank, N.A.
Receive News & Ratings for MB Financial Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MB Financial Inc and related companies with MarketBeat.com's FREE daily email newsletter.