MB Financial Inc. (NASDAQ:MBFI) Expected to Post Q3 2017 Earnings of $0.66 Per Share
MB Financial Inc. (NASDAQ:MBFI) – Equities research analysts at Jefferies Group issued their Q3 2017 earnings per share estimates for MB Financial in a research report issued on Tuesday. Jefferies Group analyst C. Haire expects that the bank will post earnings per share of $0.66 for the quarter. Jefferies Group currently has a “Hold” rating and a $48.00 price target on the stock. Jefferies Group also issued estimates for MB Financial’s Q4 2017 earnings at $0.65 EPS.
Several other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of MB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. ValuEngine lowered shares of MB Financial from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. BidaskClub upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Wedbush restated a “neutral” rating and issued a $48.00 price objective on shares of MB Financial in a report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods set a $46.00 price objective on shares of MB Financial and gave the stock a “hold” rating in a report on Monday, April 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. MB Financial has an average rating of “Hold” and a consensus target price of $47.67.
Shares of MB Financial (NASDAQ MBFI) traded down 1.61% on Friday, hitting $40.85. 70,982 shares of the company were exchanged. The firm’s 50-day moving average is $43.29 and its 200-day moving average is $43.49. MB Financial has a 52-week low of $35.00 and a 52-week high of $48.47. The stock has a market capitalization of $3.42 billion, a PE ratio of 18.64 and a beta of 1.15.
MB Financial (NASDAQ:MBFI) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.54 EPS for the quarter, missing the Zacks’ 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 business had revenue of $239.51 million during the quarter, compared to the consensus estimate of $247.39 million. During the same period in the previous year, the business posted $0.58 EPS.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were given a $0.21 dividend. The ex-dividend date was Tuesday, June 13th. This is an increase from MB Financial’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.02%. MB Financial’s dividend payout ratio is currently 38.36%.
In other MB Financial news, Director James N. Hallene sold 4,877 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $44.40, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jill E. York sold 5,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $42.30, for a total transaction of $211,500.00. Following the completion of the sale, the vice president now directly owns 71,525 shares in the company, valued at $3,025,507.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,702 shares of company stock worth $943,609. Insiders own 7.05% of the company’s stock.
Several large investors have recently made changes to their positions in MBFI. Guggenheim Capital LLC increased its stake in shares of MB Financial by 35.1% in the fourth quarter. Guggenheim Capital LLC now owns 40,138 shares of the bank’s stock worth $1,896,000 after buying an additional 10,427 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of MB Financial by 9.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,230 shares of the bank’s stock worth $578,000 after buying an additional 1,080 shares in the last quarter. Norges Bank purchased a new stake in shares of MB Financial during the fourth quarter worth approximately $27,453,000. USA Financial Portformulas Corp purchased a new stake in shares of MB Financial during the fourth quarter worth approximately $281,000. Finally, Teachers Advisors LLC increased its stake in shares of MB Financial by 8.0% in the fourth quarter. Teachers Advisors LLC now owns 118,139 shares of the bank’s stock worth $5,580,000 after buying an additional 8,746 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.
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.
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