MB Financial Inc. (NASDAQ:MBFI) – DA Davidson decreased their Q3 2017 earnings per share estimates for MB Financial in a report released on Monday. DA Davidson analyst K. Reevey now forecasts that the bank will post earnings of $0.64 per share for the quarter, down from their prior forecast of $0.70. DA Davidson also issued estimates for MB Financial’s Q4 2017 earnings at $0.66 EPS, Q1 2018 earnings at $0.67 EPS, Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.76 EPS and FY2018 earnings at $2.83 EPS.

MB Financial (NASDAQ:MBFI) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 EPS for the quarter, missing the consensus estimate of $0.64 by $0.10. MB Financial had a net margin of 19.12% and a return on equity of 7.99%. The company had revenue of $239.51 million for the quarter, compared to the consensus estimate of $247.39 million. During the same period last year, the company earned $0.58 EPS. ILLEGAL ACTIVITY WARNING: “MB Financial Inc. Expected to Post Q3 2017 Earnings of $0.64 Per Share (MBFI)” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/07/26/mb-financial-inc-expected-to-post-q3-2017-earnings-of-0-64-per-share-mbfi.html.

Several other brokerages have also issued reports on MBFI. Piper Jaffray Companies lowered shares of MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research report on Friday, July 21st. Hovde Group dropped their target price on shares of MB Financial from $49.00 to $45.00 and set a “market perform” rating on the stock in a research report on Monday. Zacks Investment Research upgraded shares of MB Financial from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Tuesday, July 4th. BidaskClub lowered shares of MB Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $48.00 target price on shares of MB Financial in a research report on Sunday, June 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $47.67.

MB Financial (NASDAQ:MBFI) opened at 41.60 on Wednesday. The firm’s 50 day moving average is $43.30 and its 200 day moving average is $43.56. MB Financial has a 12-month low of $35.00 and a 12-month high of $48.47. The company has a market cap of $3.49 billion, a P/E ratio of 18.99 and a beta of 1.15.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were given a dividend of $0.21 per share. 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 2.02%. MB Financial’s payout ratio is presently 38.36%.

In other MB Financial news, VP Jill E. York sold 5,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $42.30, for a total value of $211,500.00. Following the transaction, the vice president now directly owns 71,525 shares in the company, valued at approximately $3,025,507.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James N. Hallene sold 4,877 shares of the business’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 completion of the transaction, the director now owns 25,339 shares in the company, valued at $1,125,051.60. 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. 4.93% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Capstone Asset Management Co. raised its position in MB Financial by 5.8% in the first quarter. Capstone Asset Management Co. now owns 4,938 shares of the bank’s stock valued at $211,000 after buying an additional 270 shares during the last quarter. Suntrust Banks Inc. purchased a new position in MB Financial during the first quarter valued at $212,000. Oakbrook Investments LLC purchased a new position in MB Financial during the second quarter valued at $231,000. KCG Holdings Inc. purchased a new position in MB Financial during the first quarter valued at $238,000. Finally, LS Investment Advisors LLC raised its position in MB Financial by 20.2% in the second quarter. LS Investment Advisors LLC now owns 5,648 shares of the bank’s stock valued at $249,000 after buying an additional 951 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

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.

Earnings History and Estimates for MB Financial (NASDAQ:MBFI)

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