MB Financial Inc. to Post Q3 2016 Earnings of $0.60 Per Share, Jefferies Group Forecasts (MBFI)
MB Financial Inc. (NASDAQ:MBFI) – Analysts at Jefferies Group decreased their Q3 2016 earnings per share (EPS) estimates for MB Financial in a research note issued on Tuesday. Jefferies Group analyst E. Harmon now forecasts that the firm will earn $0.60 per share for the quarter, down from their prior estimate of $0.61. Jefferies Group also issued estimates for MB Financial’s Q4 2016 earnings at $0.62 EPS and FY2016 earnings at $2.33 EPS.
A number of other brokerages also recently weighed in on MBFI. Sandler O’Neill downgraded MB Financial from a “buy” rating to a “hold” rating in a report on Friday, August 26th. DA Davidson lifted their target price on MB Financial from $39.19 to $43.00 and gave the stock a “neutral” rating in a report on Friday, August 26th. Zacks Investment Research downgraded MB Financial from a “buy” rating to a “hold” rating in a report on Monday, September 26th. JPMorgan Chase & Co. lifted their target price on MB Financial from $35.50 to $36.50 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Finally, JMP Securities started coverage on MB Financial in a report on Friday, September 16th. They set a “market perform” rating for the company. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. MB Financial presently has an average rating of “Hold” and a consensus target price of $36.28.
Shares of MB Financial (NASDAQ:MBFI) opened at 37.26 on Friday. MB Financial has a 1-year low of $27.98 and a 1-year high of $39.50. The company has a 50-day moving average price of $38.18 and a 200-day moving average price of $36.39. The company has a market cap of $2.74 billion, a PE ratio of 17.40 and a beta of 1.06.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.76 annualized dividend and a dividend yield of 2.04%. MB Financial’s payout ratio is 35.68%.
In related news, insider Brian J. Wildman sold 4,000 shares of MB Financial stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $38.42, for a total transaction of $153,680.00. Following the transaction, the insider now owns 31,155 shares of the company’s stock, valued at $1,196,975.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas H. Harvey sold 20,000 shares of MB Financial stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $37.96, for a total value of $759,200.00. The disclosure for this sale can be found here. Corporate insiders own 7.05% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in MBFI. Victory Capital Management Inc. boosted its position in MB Financial by 77.2% in the second quarter. Victory Capital Management Inc. now owns 3,130 shares of the company’s stock valued at $114,000 after buying an additional 1,364 shares in the last quarter. Huntington Asset Advisors Inc. acquired a new position in MB Financial during the first quarter valued at $165,000. BlackRock Inc. boosted its position in MB Financial by 140.4% in the first quarter. BlackRock Inc. now owns 5,156 shares of the company’s stock valued at $168,000 after buying an additional 3,011 shares in the last quarter. Nomura Holdings Inc. acquired a new position in MB Financial during the second quarter valued at $209,000. Finally, Shelton Capital Management acquired a new position in MB Financial during the second quarter valued at $211,000. 64.18% of the stock is currently owned by institutional investors.
MB Financial Company Profile
MB Financial, Inc is a financial holding company. The Company, through its bank subsidiary, MB Financial Bank, N.A., offers a range of financial services to small and middle market businesses, and individuals. The Company’s segments include banking, leasing and mortgage banking. Its banking segment includes lending and deposit gathering activities.
Receive News & Ratings for MB Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MB Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.