MB Financial Announces Quarterly Dividend of $0.10 (MBFI)
MB Financial (NASDAQ:MBFI) announced a quarterly dividend on Friday, March 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.10 per share on Friday, March 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, March 13th.
MBFI has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus upgraded shares of MB Financial from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 31st. They now have a $25.00 price target on the stock. On a related note, analysts at Keefe, Bruyette & Woods upgraded shares of MB Financial from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, January 31st. They now have a $26.00 price target on the stock. Finally, analysts at Sterne Agee reiterated a “neutral” rating on shares of MB Financial in a research note to investors on Monday, December 31st.
Five analysts have rated the stock with a buy rating, and seven have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “overweight” and a consensus target price of $23.61.
Shares of MB Financial (MBFI) traded up 0.63% during mid-day trading on Friday, hitting $23.86. MB Financial (MBFI) has a one year low of $17.00 and a one year high of $24.03. The stock’s 50-day moving average is currently $22.34. The company has a market cap of $1.292 billion and a P/E ratio of 14.82.
MB Financial last posted its quarterly earnings results on Tuesday, January 29th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. On average, analysts predict that MB Financial (MBFI) will post $1.75 earnings per share for the current fiscal year.
MB Financial, Inc. (MB Financial) is a financial holding company with 86 banking offices located primarily in the Chicago area.
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