$253.07 Million in Sales Expected for MB Financial Inc. (MBFI) This Quarter
Equities analysts expect MB Financial Inc. (NASDAQ:MBFI) to post $253.07 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for MB Financial’s earnings. The highest sales estimate is $258.30 million and the lowest is $244.30 million. MB Financial reported sales of $234.16 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.1%. The business is expected to report its next quarterly earnings results on Thursday, October 19th.
According to Zacks, analysts expect that MB Financial will report full year sales of $253.07 million for the current fiscal year, with estimates ranging from $970.50 million to $1.00 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.05 billion per share, with estimates ranging from $1.03 billion to $1.08 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for MB Financial.
MB Financial (NASDAQ:MBFI) last issued its earnings results on Thursday, July 20th. The bank reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $247.39 million. During the same quarter in the prior year, the business earned $0.58 EPS.
A number of brokerages have recently commented on MBFI. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Keefe, Bruyette & Woods set a $46.00 price target on shares of MB Financial and gave the stock a “hold” rating in a report on Monday, April 3rd. Wedbush reissued a “neutral” rating and issued a $48.00 price target on shares of MB Financial in a report on Tuesday, June 27th. Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Tuesday, April 11th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $48.00 price target on shares of MB Financial in a report on Tuesday, April 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $47.67.
In other MB Financial news, insider Mitchell Feiger sold 11,825 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $43.60, for a total transaction of $515,570.00. Following the completion of the sale, the insider now owns 140,724 shares of the company’s stock, valued at approximately $6,135,566.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James N. Hallene sold 4,877 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $44.40, for a total transaction of $216,538.80. Following the sale, the director now directly owns 25,339 shares of the company’s stock, valued at approximately $1,125,051.60. The disclosure for this sale can be found here. Insiders sold a total of 21,702 shares of company stock valued at $943,609 in the last ninety days. 7.05% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in MBFI. Capstone Asset Management Co. boosted its stake 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 valued at $211,000 after buying an additional 270 shares during the last quarter. Suntrust Banks Inc. purchased a new stake in shares of MB Financial during the first quarter valued at $212,000. Oakbrook Investments LLC purchased a new stake in shares of MB Financial during the second quarter valued at $231,000. KCG Holdings Inc. purchased a new stake in shares of MB Financial during the first quarter valued at $238,000. Finally, LS Investment Advisors LLC boosted its stake 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 valued at $249,000 after buying an additional 951 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.
Shares of MB Financial (NASDAQ:MBFI) traded down 1.842% during mid-day trading on Friday, reaching $40.755. 157,047 shares of the company’s stock were exchanged. The firm has a market cap of $3.42 billion, a P/E ratio of 18.601 and a beta of 1.15. The company has a 50 day moving average price of $43.29 and a 200 day moving average price of $43.49. MB Financial has a 52-week low of $35.00 and a 52-week high of $48.47.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were paid a $0.21 dividend. This is a boost from MB Financial’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, June 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.02%. MB Financial’s dividend payout ratio is 38.36%.
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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