MB Financial Inc. (NASDAQ:MBFI) – Research analysts at Jefferies Group decreased their Q1 2018 earnings estimates for shares of MB Financial in a research report issued on Thursday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings of $0.63 per share for the quarter, down from their previous forecast of $0.64. Jefferies Group has a “Hold” rating and a $49.00 price objective on the stock. Jefferies Group also issued estimates for MB Financial’s Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.71 EPS, Q4 2018 earnings at $0.70 EPS, FY2018 earnings at $2.73 EPS and FY2019 earnings at $2.93 EPS.
Several other research analysts also recently commented on the stock. SunTrust Banks set a $49.00 target price on shares of MB Financial and gave the stock a “buy” rating in a research note on Thursday, November 16th. Zacks Investment Research raised shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $44.00 target price on shares of MB Financial in a research note on Thursday, October 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $45.00 target price on shares of MB Financial in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. MB Financial has an average rating of “Hold” and an average price target of $47.63.
MB Financial (NASDAQ:MBFI) last issued its earnings results on Thursday, October 19th. The bank reported $0.72 EPS for the quarter, topping the 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 company had revenue of $252.21 million for the quarter, compared to the consensus estimate of $253.15 million. During the same period in the previous year, the firm earned $0.61 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, December 14th. MB Financial’s dividend payout ratio (DPR) is currently 35.90%.
In related news, VP Jill E. York sold 5,000 shares of MB Financial stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $44.60, for a total value of $223,000.00. Following the sale, the vice president now owns 65,430 shares in the company, valued at $2,918,178. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark A. Heckler sold 13,804 shares of MB Financial stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $46.25, for a total transaction of $638,435.00. Following the completion of the sale, the insider now owns 55,236 shares in the company, valued at approximately $2,554,665. The disclosure for this sale can be found here. Insiders own 7.05% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas boosted its holdings in MB Financial by 0.6% in the second quarter. Teacher Retirement System of Texas now owns 6,381 shares of the bank’s stock valued at $281,000 after acquiring an additional 41 shares in the last quarter. Capstone Asset Management Co. boosted its holdings in MB Financial by 1.6% in the second quarter. Capstone Asset Management Co. now owns 5,018 shares of the bank’s stock valued at $221,000 after acquiring an additional 80 shares in the last quarter. Suntrust Banks Inc. boosted its holdings in MB Financial by 4.0% in the second quarter. Suntrust Banks Inc. now owns 5,162 shares of the bank’s stock valued at $226,000 after acquiring an additional 200 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in MB Financial by 8.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock valued at $144,000 after acquiring an additional 262 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in MB Financial by 0.3% in the second quarter. Stifel Financial Corp now owns 100,833 shares of the bank’s stock valued at $4,439,000 after acquiring an additional 278 shares in the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.
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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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