SunTrust Banks Weighs in on MB Financial Inc’s Q1 2018 Earnings (MBFI)

MB Financial Inc (NASDAQ:MBFI) – Analysts at SunTrust Banks boosted their Q1 2018 EPS estimates for MB Financial in a note issued to investors on Monday. SunTrust Banks analyst M. Young now anticipates that the bank will earn $0.65 per share for the quarter, up from their prior estimate of $0.62. SunTrust Banks currently has a “Buy” rating and a $52.00 target price on the stock. SunTrust Banks also issued estimates for MB Financial’s Q2 2018 earnings at $0.73 EPS, Q3 2018 earnings at $0.83 EPS, Q4 2018 earnings at $0.82 EPS, FY2018 earnings at $3.02 EPS and FY2019 earnings at $3.57 EPS.

Several other research analysts have also weighed in on MBFI. BidaskClub upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $49.00 price objective on shares of MB Financial in a report on Friday, December 22nd. Jefferies Group reissued a “hold” rating and set a $49.00 target price on shares of MB Financial in a research report on Thursday, October 12th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $44.00 target price on shares of MB Financial in a research report on Thursday, October 19th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. MB Financial presently has a consensus rating of “Hold” and a consensus price target of $48.50.

Shares of MB Financial (NASDAQ MBFI) traded up $0.52 during mid-day trading on Wednesday, hitting $46.13. 356,600 shares of the stock traded hands, compared to its average volume of 414,743. The stock has a market cap of $3,880.00, a price-to-earnings ratio of 19.63, a P/E/G ratio of 1.49 and a beta of 1.20. MB Financial has a 1-year low of $38.28 and a 1-year high of $47.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.89.

MB Financial (NASDAQ:MBFI) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.08. The business had revenue of $252.21 million for the quarter, compared to analyst estimates of $253.15 million. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. During the same period in the prior year, the firm posted $0.61 EPS.

Large investors have recently modified their holdings of the business. Riverhead Capital Management LLC grew its position in MB Financial by 50.6% in the second quarter. Riverhead Capital Management LLC now owns 2,560 shares of the bank’s stock valued at $113,000 after acquiring an additional 860 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in MB Financial by 20.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock valued at $143,000 after acquiring an additional 556 shares in the last quarter. PNC Financial Services Group Inc. grew its position 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. HighPoint Advisor Group LLC acquired a new stake in MB Financial in the third quarter valued at approximately $208,000. Finally, Legato Capital Management LLC acquired a new stake in MB Financial in the third quarter valued at approximately $223,000. 76.48% of the stock is owned by institutional investors.

In other MB Financial news, VP Jill E. York sold 5,000 shares of the stock in a transaction that occurred 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 completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark A. Heckler sold 13,804 shares of the stock in a transaction that occurred 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 directly owns 55,236 shares of the company’s stock, 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.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Thursday, December 14th. MB Financial’s dividend payout ratio (DPR) is presently 35.74%.

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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.

Earnings History and Estimates for MB Financial (NASDAQ:MBFI)

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