Q1 2018 EPS Estimates for MB Financial Inc. Cut by DA Davidson (MBFI)
MB Financial Inc. (NASDAQ:MBFI) – DA Davidson lowered their Q1 2018 earnings per share estimates for shares of MB Financial in a research report issued on Thursday. DA Davidson analyst K. Reevey now forecasts that the bank will post earnings per share of $0.66 for the quarter, down from their previous estimate of $0.67. DA Davidson also issued estimates for MB Financial’s FY2019 earnings at $3.14 EPS.
MB Financial (NASDAQ:MBFI) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.08. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. The business had revenue of $252.21 million during the quarter, compared to analyst estimates of $253.15 million. During the same quarter last year, the firm posted $0.61 earnings per share. ILLEGAL ACTIVITY NOTICE: “Q1 2018 EPS Estimates for MB Financial Inc. Cut by DA Davidson (MBFI)” was published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/23/q1-2018-eps-estimates-for-mb-financial-inc-cut-by-da-davidson-mbfi.html.
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Wedbush reissued a “neutral” rating and set a $48.00 target price on shares of MB Financial in a research report on Tuesday, June 27th. Piper Jaffray Companies downgraded shares of MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 target price for the company. in a research report on Monday, July 24th. BidaskClub downgraded shares of MB Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price on shares of MB Financial in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. MB Financial has an average rating of “Hold” and a consensus target price of $47.00.
MB Financial (MBFI) opened at 46.96 on Monday. The stock has a 50 day moving average of $43.52 and a 200 day moving average of $42.40. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 21.42 and a beta of 1.18. MB Financial has a 1-year low of $35.00 and a 1-year high of $48.47.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MBFI. BlackRock Inc. boosted its holdings in MB Financial by 17,590.9% in the 1st quarter. BlackRock Inc. now owns 7,742,414 shares of the bank’s stock worth $331,530,000 after acquiring an additional 7,698,649 shares during the period. Vanguard Group Inc. boosted its holdings in MB Financial by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 6,427,280 shares of the bank’s stock worth $275,215,000 after acquiring an additional 510,128 shares during the period. Northern Trust Corp boosted its holdings in MB Financial by 13.8% in the 2nd quarter. Northern Trust Corp now owns 1,734,133 shares of the bank’s stock worth $76,372,000 after acquiring an additional 210,352 shares during the period. Federated Investors Inc. PA boosted its holdings in MB Financial by 52.7% in the 2nd quarter. Federated Investors Inc. PA now owns 582,318 shares of the bank’s stock worth $25,645,000 after acquiring an additional 201,060 shares during the period. Finally, Monarch Partners Asset Management LLC purchased a new position in MB Financial in the 2nd quarter worth approximately $7,918,000. Hedge funds and other institutional investors own 74.74% of the company’s stock.
In other MB Financial news, Director Ronald D. Santo sold 2,542 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $39.78, for a total value of $101,120.76. Following the completion of the transaction, the director now owns 59,505 shares in the company, valued at approximately $2,367,108.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.05% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, September 14th. MB Financial’s dividend payout ratio is presently 35.90%.
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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