SunTrust Banks Reiterates Buy Rating for MB Financial (MBFI)

SunTrust Banks restated their buy rating on shares of MB Financial (NASDAQ:MBFI) in a report issued on Tuesday. The brokerage currently has a $52.00 target price on the bank’s stock. SunTrust Banks also issued estimates for MB Financial’s Q1 2018 earnings at $0.65 EPS, 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 equities analysts also recently issued reports on the stock. Jefferies Group reaffirmed a hold rating and set a $48.00 price objective on shares of MB Financial in a report on Friday, September 15th. Zacks Investment Research downgraded shares of MB Financial from a hold rating to a sell rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $45.00 price objective on shares of MB Financial in a report on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a hold rating and set a $44.00 price objective on shares of MB Financial in a report on Thursday, October 19th. Finally, BidaskClub downgraded shares of MB Financial from a hold rating to a sell rating in a report on Tuesday, December 12th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $49.00.

MB Financial (NASDAQ:MBFI) opened at $46.96 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3,940.00, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. MB Financial has a twelve month low of $38.28 and a twelve month high of $47.64.

MB Financial (NASDAQ:MBFI) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.08. The business had revenue of $252.21 million for the quarter, compared to the consensus estimate 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 last year, the firm posted $0.61 earnings per share. equities research analysts predict that MB Financial will post 2.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, December 14th. MB Financial’s dividend payout ratio (DPR) is 35.74%.

In other news, insider Mark A. Heckler sold 13,804 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $46.25, for a total value of $638,435.00. Following the completion of the sale, the insider now directly owns 55,236 shares in the company, valued at $2,554,665. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Jill E. York sold 5,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were 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 owns 65,430 shares of the company’s stock, valued at $2,918,178. The disclosure for this sale can be found here. 4.93% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of MBFI. Riverhead Capital Management LLC raised its position 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 valued at $113,000 after buying an additional 860 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 valued at $143,000 after buying an additional 556 shares during the last quarter. PNC Financial Services Group Inc. raised its position 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 valued at $144,000 after buying an additional 262 shares during the last quarter. HighPoint Advisor Group LLC acquired a new stake in shares of MB Financial in the third quarter valued at about $208,000. Finally, Legato Capital Management LLC acquired a new stake in shares of MB Financial in the third quarter valued at about $223,000. Institutional investors and hedge funds own 76.48% 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.

Analyst Recommendations for MB Financial (NASDAQ:MBFI)

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