MB Financial Inc. (MBFI) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS
MB Financial Inc. (NASDAQ:MBFI) posted its earnings results on Tuesday. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.10, Bloomberg Earnings reports. MB Financial had a return on equity of 8.37% and a net margin of 19.64%. During the same quarter in the previous year, the business earned $0.58 EPS.
Shares of MB Financial (NASDAQ:MBFI) traded up 0.02% on Thursday, reaching $42.56. 359,567 shares of the company were exchanged. The company has a market capitalization of $3.56 billion, a P/E ratio of 18.90 and a beta of 1.15. The stock has a 50 day moving average of $43.39 and a 200-day moving average of $43.69. MB Financial has a 52-week low of $35.00 and a 52-week high of $48.47.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were paid a $0.21 dividend. The ex-dividend date was Tuesday, June 13th. This is a positive change from MB Financial’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 1.97%. MB Financial’s dividend payout ratio (DPR) is currently 37.33%.
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Several research firms have recently issued reports on MBFI. BidaskClub lowered shares of MB Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research lowered shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Wedbush reissued a “neutral” rating and set a $48.00 target price on shares of MB Financial in a research note on Tuesday, June 27th. Jefferies Group LLC reissued a “hold” rating and set a $48.00 target price on shares of MB Financial in a research note on Sunday, June 11th. Finally, ValuEngine lowered shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $48.57.
In other MB Financial news, Director James N. Hallene sold 4,877 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $44.40, for a total transaction of $216,538.80. Following the transaction, the director now directly owns 25,339 shares in the company, valued at $1,125,051.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $42.30, for a total transaction of $211,500.00. Following the transaction, the vice president now owns 71,525 shares in the company, valued at $3,025,507.50. The disclosure for this sale can be found here. Insiders have sold 21,702 shares of company stock worth $943,609 over the last 90 days. 7.05% of the stock is currently owned by company insiders.
MB Financial Company Profile
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.
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