Brokers Issue Forecasts for MB Financial Inc.’s Q1 2017 Earnings (MBFI)
MB Financial Inc. (NASDAQ:MBFI) – Jefferies Group issued their Q1 2017 earnings estimates for shares of MB Financial in a research report issued to clients and investors on Tuesday. Jefferies Group analyst E. Harmon forecasts that the firm will earn $0.61 per share for the quarter. Jefferies Group also issued estimates for MB Financial’s Q2 2017 earnings at $0.65 EPS, Q3 2017 earnings at $0.66 EPS, Q4 2017 earnings at $0.67 EPS, FY2017 earnings at $2.60 EPS and FY2018 earnings at $2.75 EPS.
MBFI has been the subject of several other reports. JPMorgan Chase & Co. reiterated a “hold” rating on shares of MB Financial in a research report on Saturday, July 9th. JMP Securities assumed coverage on MB Financial in a research report on Friday, September 16th. They issued a “market perform” rating for the company. Zacks Investment Research lowered MB Financial from a “buy” rating to a “hold” rating in a research report on Thursday. DA Davidson increased their price objective on MB Financial from $39.19 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 26th. Finally, Sandler O’Neill lowered MB Financial from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. MB Financial has an average rating of “Hold” and a consensus target price of $36.28.
MB Financial (NASDAQ:MBFI) opened at 37.26 on Thursday. The stock 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 capitalization of $2.74 billion, a price-to-earnings ratio of 17.40 and a beta of 1.06. MB Financial has a 52-week low of $27.98 and a 52-week high of $39.50.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Tuesday, September 13th. MB Financial’s payout ratio is currently 35.68%.
In other news, insider Rose Marie Bouman sold 1,424 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $38.67, for a total value of $55,066.08. Following the sale, the insider now directly owns 67,463 shares in the company, valued at $2,608,794.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian J. Wildman sold 4,000 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $38.42, for a total value of $153,680.00. Following the completion of the sale, the insider now owns 31,155 shares in the company, valued at $1,196,975.10. The disclosure for this sale can be found here. 7.05% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of MB Financial by 3.5% in the second quarter. Vanguard Group Inc. now owns 5,482,492 shares of the company’s stock valued at $198,904,000 after buying an additional 185,069 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in MB Financial by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,039,154 shares of the company’s stock worth $182,817,000 after buying an additional 119,584 shares in the last quarter. Wellington Management Group LLP boosted its stake in MB Financial by 33.3% in the first quarter. Wellington Management Group LLP now owns 2,888,141 shares of the company’s stock worth $93,720,000 after buying an additional 721,226 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in MB Financial by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,795,095 shares of the company’s stock worth $58,251,000 after buying an additional 12,360 shares in the last quarter. Finally, RidgeWorth Capital Management LLC boosted its stake in MB Financial by 1.7% in the second quarter. RidgeWorth Capital Management LLC now owns 1,702,300 shares of the company’s stock worth $61,470,000 after buying an additional 28,900 shares in the last quarter. Institutional investors and hedge funds own 64.18% of the company’s stock.
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.
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