MB Financial (MBFI) Set to Announce Quarterly Earnings on Wednesday
MB Financial (NASDAQ:MBFI) is scheduled to announce its earnings results before the market opens on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.66 per share for the quarter.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.08. MB Financial had a return on equity of 8.40% and a net margin of 20.21%. The firm had revenue of $252.21 million for the quarter, compared to analyst estimates of $253.15 million. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, analysts expect MB Financial to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
MB Financial (NASDAQ:MBFI) opened at $46.66 on Wednesday. MB Financial has a 12-month low of $38.28 and a 12-month high of $47.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.84. The company has a market capitalization of $3,980.00, a P/E ratio of 19.86, a PEG ratio of 1.47 and a beta of 1.20.
Several research firms have recently commented on MBFI. Hovde Group set a $49.00 target price on MB Financial and gave the company a “hold” rating in a research report on Friday, January 12th. BidaskClub raised MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. SunTrust Banks reaffirmed a “buy” rating and issued a $52.00 target price on shares of MB Financial in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $49.00 target price on shares of MB Financial in a research report on Friday, December 22nd. Finally, Zacks Investment Research raised MB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $49.00.
In related news, VP Jill E. York sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total transaction of $223,000.00. Following the sale, the vice president now owns 65,430 shares of the company’s stock, valued at $2,918,178. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark A. Heckler sold 13,804 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $46.25, for a total value of $638,435.00. Following the sale, the insider now directly owns 55,236 shares in the company, valued at approximately $2,554,665. The disclosure for this sale can be found here. 4.93% of the stock is currently owned by corporate insiders.
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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