Brokers Issue Forecasts for MB Financial Inc.’s Q3 2017 Earnings (NASDAQ:MBFI)
MB Financial Inc. (NASDAQ:MBFI) – Analysts at Wedbush cut their Q3 2017 EPS estimates for shares of MB Financial in a research report issued on Friday. Wedbush analyst D. Chiaverini now expects that the bank will post earnings of $0.69 per share for the quarter, down from their prior forecast of $0.74. Wedbush currently has a “Neutral” rating and a $48.00 target price on the stock. Wedbush also issued estimates for MB Financial’s Q4 2017 earnings at $0.58 EPS, FY2017 earnings at $2.39 EPS, Q1 2018 earnings at $0.64 EPS, Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.83 EPS, Q4 2018 earnings at $0.71 EPS and FY2018 earnings at $2.85 EPS.
MB Financial (NASDAQ:MBFI) last posted its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.10. The company had revenue of $239.51 million for the quarter, compared to analysts’ expectations of $247.39 million. MB Financial had a net margin of 19.12% and a return on equity of 8.04%. During the same period in the previous year, the business earned $0.58 earnings per share. COPYRIGHT VIOLATION WARNING: “Brokers Issue Forecasts for MB Financial Inc.’s Q3 2017 Earnings (NASDAQ:MBFI)” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/07/24/brokers-issue-forecasts-for-mb-financial-inc-s-q3-2017-earnings-nasdaqmbfi.html.
Other equities research analysts have also recently issued reports about the company. Jefferies Group LLC reiterated a “hold” rating and issued a $48.00 target price on shares of MB Financial in a research note on Sunday, June 11th. Zacks Investment Research cut MB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. BidaskClub upgraded MB Financial from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Keefe, Bruyette & Woods set a $46.00 target price on MB Financial and gave the company a “hold” rating in a research note on Monday, April 3rd. Finally, ValuEngine cut MB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.63.
MB Financial (NASDAQ:MBFI) opened at 40.50 on Monday. The firm’s 50-day moving average is $43.39 and its 200 day moving average is $43.69. The stock has a market capitalization of $3.40 billion, a P/E ratio of 18.48 and a beta of 1.15. MB Financial has a 12-month low of $35.00 and a 12-month high of $48.47.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.07%. This is a positive change from MB Financial’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, June 13th. MB Financial’s dividend payout ratio (DPR) is 38.36%.
In other news, Director James N. Hallene sold 4,877 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was 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 of the company’s stock, valued at $1,125,051.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mitchell Feiger sold 11,825 shares of the firm’s 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 transaction, the insider now directly owns 140,724 shares in the company, valued at $6,135,566.40. The disclosure for this sale can be found here. Insiders have sold 21,702 shares of company stock worth $943,609 over the last three months. Corporate insiders own 7.05% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Capstone Asset Management Co. raised its position in shares of MB Financial by 5.8% in the first quarter. Capstone Asset Management Co. now owns 4,938 shares of the bank’s stock worth $211,000 after buying an additional 270 shares during the period. Suntrust Banks Inc. acquired a new position in shares of MB Financial during the first quarter worth approximately $212,000. Oakbrook Investments LLC acquired a new position in shares of MB Financial during the second quarter worth approximately $231,000. KCG Holdings Inc. acquired a new position in shares of MB Financial during the first quarter worth approximately $238,000. Finally, LS Investment Advisors LLC raised its position in shares of MB Financial by 20.2% in the second quarter. LS Investment Advisors LLC now owns 5,648 shares of the bank’s stock worth $249,000 after buying an additional 951 shares during the period. 74.34% of the stock is currently owned by institutional investors.
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.
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.