MB Financial Inc. (MBFI) Issues Earnings Results
MB Financial Inc. (NASDAQ:MBFI) released its quarterly earnings data on Thursday. The bank reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.08, Bloomberg Earnings reports. The company had revenue of $252.21 million for the quarter, compared to analyst estimates of $253.15 million. MB Financial had a return on equity of 7.99% and a net margin of 19.12%. During the same quarter in the previous year, the company posted $0.61 earnings per share.
MB Financial (NASDAQ:MBFI) traded up 1.75% during midday trading on Friday, reaching $47.12. The company’s stock had a trading volume of 72,776 shares. MB Financial has a 1-year low of $35.00 and a 1-year high of $48.47. The company has a 50 day moving average price of $43.32 and a 200 day moving average price of $42.36. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 21.50 and a beta of 1.18.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, September 14th. MB Financial’s dividend payout ratio (DPR) is currently 38.36%.
In other MB Financial news, Director Ronald D. Santo sold 2,542 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $39.78, for a total transaction of $101,120.76. Following the sale, the director now owns 59,505 shares in the company, valued at approximately $2,367,108.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. 7.05% of the stock is currently owned by corporate insiders.
A number of research firms have weighed in on MBFI. Piper Jaffray Companies reissued a “hold” rating and set a $44.00 price objective on shares of MB Financial in a research note on Thursday. SunTrust Banks, Inc. set a $48.00 price objective on MB Financial and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research lowered 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 price objective on shares of MB Financial in a research note on Tuesday, June 27th. Finally, BidaskClub lowered MB Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $47.00.
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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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