MB Financial (NASDAQ:MBFI) issued its quarterly earnings data on Tuesday. The bank reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03, MarketWatch Earnings reports. MB Financial had a return on equity of 7.48% and a net margin of 26.11%. The company had revenue of $245.19 million for the quarter, compared to analyst estimates of $238.95 million. During the same period last year, the company earned $0.53 earnings per share.
Shares of MBFI opened at $45.54 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.21. MB Financial has a 12 month low of $37.13 and a 12 month high of $51.59. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.28 and a beta of 1.04.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Thursday, December 13th. MB Financial’s payout ratio is currently 40.17%.
In other MB Financial news, insider Brian J. Wildman sold 14,683 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $45.10, for a total value of $662,203.30. Following the sale, the insider now directly owns 29,260 shares of the company’s stock, valued at $1,319,626. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.69% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of MB Financial by 1.8% in the third quarter. BlackRock Inc. now owns 9,573,702 shares of the bank’s stock valued at $441,444,000 after acquiring an additional 170,112 shares in the last quarter. Vanguard Group Inc lifted its position in MB Financial by 1.8% during the third quarter. Vanguard Group Inc now owns 7,405,030 shares of the bank’s stock worth $341,446,000 after buying an additional 133,089 shares in the last quarter. Vanguard Group Inc. lifted its position in MB Financial by 1.8% during the third quarter. Vanguard Group Inc. now owns 7,405,030 shares of the bank’s stock worth $341,446,000 after buying an additional 133,089 shares in the last quarter. Bank of New York Mellon Corp lifted its position in MB Financial by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 1,330,334 shares of the bank’s stock worth $61,342,000 after buying an additional 19,213 shares in the last quarter. Finally, Water Island Capital LLC lifted its position in MB Financial by 110.4% during the third quarter. Water Island Capital LLC now owns 1,289,108 shares of the bank’s stock worth $59,441,000 after buying an additional 676,348 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.
About MB Financial
MB Financial, Inc operates as a bank holding company for MB Financial Bank, N.A. that provides various financial services to small and middle market businesses, and individuals in the United States. The company operates through three segments: Banking, Leasing, and Mortgage Banking. The Banking segment offers commercial banking products, including working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; industrial revenue bond financing; ESOP financing; business acquisition loans; owner occupied real estate loans; asset-based loans; and financial, performance, and commercial letters of credit.
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