MB Financial Inc (NASDAQ:MBFI) – Jefferies Group lifted their FY2018 EPS estimates for MB Financial in a note issued to investors on Monday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings per share of $3.14 for the year, up from their prior forecast of $2.73. Jefferies Group currently has a “Hold” rating and a $49.00 target price on the stock. Jefferies Group also issued estimates for MB Financial’s FY2019 earnings at $3.38 EPS.
A number of other research analysts have also recently weighed in on MBFI. Hovde Group set a $49.00 price target on shares of MB Financial and gave the company a “hold” rating in a research report on Friday. BidaskClub upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Thursday. SunTrust Banks reiterated a “buy” rating and set a $52.00 price objective on shares of MB Financial in a research note on Tuesday. Zacks Investment Research upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $49.00 price objective on shares of MB Financial in a research note on Friday, December 22nd. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $49.00.
MB Financial (NASDAQ:MBFI) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.08. The firm had revenue of $252.21 million for the quarter, compared to analysts’ expectations 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 previous year, the company posted $0.61 earnings per share.
Large investors have recently modified their holdings of the stock. Riverhead Capital Management LLC increased its stake in shares of MB Financial by 50.6% in the second quarter. Riverhead Capital Management LLC now owns 2,560 shares of the bank’s stock worth $113,000 after buying an additional 860 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MB Financial by 20.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock worth $143,000 after buying an additional 556 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of MB Financial by 8.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock worth $144,000 after buying an additional 262 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of MB Financial in the third quarter worth $208,000. Finally, Legato Capital Management LLC bought a new stake in shares of MB Financial in the third quarter worth $223,000. Institutional investors and hedge funds own 76.48% of the company’s stock.
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 completion of the sale, the vice president now owns 65,430 shares in the company, valued at $2,918,178. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark A. Heckler sold 13,804 shares of MB Financial stock in a transaction on Tuesday, December 5th. The stock was 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 of the company’s stock, valued at approximately $2,554,665. The disclosure for this sale can be found here. Company insiders own 4.93% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.79%. MB Financial’s dividend payout ratio is currently 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.
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