Brokerages Anticipate MB Financial Inc (MBFI) Will Announce Quarterly Sales of $246.10 Million

Brokerages forecast that MB Financial Inc (NASDAQ:MBFI) will post $246.10 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for MB Financial’s earnings, with the highest sales estimate coming in at $252.70 million and the lowest estimate coming in at $239.00 million. MB Financial reported sales of $234.82 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.8%. The company is scheduled to report its next earnings results on Thursday, April 26th.

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

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

A number of brokerages have recently commented on MBFI. Hovde Group set a $44.00 price target on MB Financial and gave the stock a “hold” rating in a research report on Thursday. BidaskClub cut MB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Zacks Investment Research cut MB Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Piper Jaffray Companies reissued a “hold” rating and issued a $45.00 price target on shares of MB Financial in a research report on Sunday, January 28th. Finally, SunTrust Banks reissued a “buy” rating and issued a $48.00 price target on shares of MB Financial in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. MB Financial currently has an average rating of “Hold” and an average price target of $48.22.

Shares of MB Financial (MBFI) opened at $40.29 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.88. MB Financial has a 12-month low of $38.28 and a 12-month high of $47.64. The company has a market capitalization of $3,331.54, a P/E ratio of 16.61, a PEG ratio of 1.35 and a beta of 1.03.

In related news, insider Mark A. Heckler sold 13,804 shares of the company’s 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 transaction, the insider now directly owns 55,236 shares of the company’s stock, valued at approximately $2,554,665. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jill E. York sold 5,000 shares of the company’s 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 transaction, 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. Corporate insiders own 7.05% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in MBFI. PNC Financial Services Group Inc. lifted its position in MB Financial by 8.7% in the 2nd 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. Meeder Asset Management Inc. purchased a new stake in MB Financial during the 4th quarter valued at $169,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in MB Financial by 40.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,568 shares of the bank’s stock valued at $203,000 after buying an additional 1,313 shares during the last quarter. HighPoint Advisor Group LLC purchased a new stake in MB Financial during the 3rd quarter valued at $208,000. Finally, Legato Capital Management LLC purchased a new stake in MB Financial during the 3rd quarter valued at $223,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

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

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