$246.10 Million in Sales Expected for MB Financial Inc (MBFI) This Quarter

Equities research analysts expect MB Financial Inc (NASDAQ:MBFI) to report sales of $246.10 million for the current quarter, according to Zacks. Seven analysts have issued estimates for MB Financial’s earnings, with estimates ranging from $239.00 million to $252.70 million. MB Financial reported sales of $234.82 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.8%. The company is expected to issue its next quarterly earnings report on Thursday, April 26th.

According to Zacks, analysts expect that MB Financial will report full-year sales of $246.10 million for the current year, with estimates ranging from $1.01 billion to $1.07 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.10 billion per share, with estimates ranging from $1.05 billion to $1.14 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow MB Financial.

MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.10). MB Financial had a return on equity of 8.11% and a net margin of 29.25%. The firm had revenue of $242.71 million for the quarter, compared to analyst estimates of $251.78 million. During the same period in the prior year, the business earned $0.59 earnings per share.

MBFI has been the topic of several analyst reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $44.00 price target on shares of MB Financial in a research note on Thursday, October 19th. SunTrust Banks set a $48.00 price target on shares of MB Financial and gave the stock a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. BidaskClub cut shares of MB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $49.00 price target on shares of MB Financial in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. MB Financial presently has an average rating of “Hold” and a consensus target price of $48.22.

In related news, insider Mark A. Heckler sold 13,804 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were 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 of the company’s stock, valued at $2,554,665. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jill E. York sold 5,000 shares of the firm’s 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 completion of the sale, the vice president now directly owns 65,430 shares in the company, valued at $2,918,178. The disclosure for this sale can be found here. 7.05% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of MB Financial by 1.8% in the fourth quarter. BlackRock Inc. now owns 8,837,206 shares of the bank’s stock worth $393,431,000 after acquiring an additional 158,360 shares during the last quarter. Virtus Fund Advisers LLC boosted its position in shares of MB Financial by 10.5% in the fourth quarter. Virtus Fund Advisers LLC now owns 1,996,250 shares of the bank’s stock worth $88,873,000 after acquiring an additional 189,200 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of MB Financial by 2.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,652,946 shares of the bank’s stock worth $73,590,000 after acquiring an additional 45,083 shares during the last quarter. Channing Capital Management LLC boosted its position in shares of MB Financial by 1.5% in the third quarter. Channing Capital Management LLC now owns 1,598,971 shares of the bank’s stock worth $71,986,000 after acquiring an additional 23,593 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of MB Financial by 8.6% in the third quarter. Bank of New York Mellon Corp now owns 1,206,213 shares of the bank’s stock worth $54,303,000 after acquiring an additional 95,262 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of MB Financial (MBFI) opened at $40.29 on Friday. MB Financial has a 12 month low of $38.28 and a 12 month high of $47.64. The stock has a market cap of $3,331.54, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.35 and a beta of 1.03. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.27.

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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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