Somewhat Favorable Press Coverage Somewhat Unlikely to Impact MB Financial (MBFI) Stock Price
News coverage about MB Financial (NASDAQ:MBFI) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MB Financial earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 45.4730675911328 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s rankings:
- MB Financial Inc. (NASDAQ:MBFI) Closed 5.9% Above Its 50 Day Average – First News 24 (firstnewspaper24.com)
- Analyzing MB Financial (MBFI) & Its Competitors (americanbankingnews.com)
- MB Financial Inc. (MBFI) Ex-Dividend Date Scheduled for September 14, 2017 – Nasdaq (nasdaq.com)
- MB Financial, Inc. – Value Analysis (NASDAQ:MBFI) : September 14, 2017 (finance.yahoo.com)
- MB Financial : Employees Devote Day to Community Service (4-traders.com)
A number of equities research analysts have issued reports on the company. BidaskClub upgraded MB Financial from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Wedbush reissued a “neutral” rating and issued a $48.00 price target on shares of MB Financial in a report on Tuesday, June 27th. ValuEngine cut MB Financial from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $48.00 price target on shares of MB Financial in a report on Sunday, June 11th. Finally, Zacks Investment Research cut MB Financial from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.56.
MB Financial (NASDAQ:MBFI) opened at 41.65 on Friday. The stock’s 50 day moving average price is $40.14 and its 200 day moving average price is $42.23. MB Financial has a 52-week low of $35.00 and a 52-week high of $48.47. The company has a market cap of $3.49 billion, a P/E ratio of 19.00 and a beta of 1.14.
MB Financial (NASDAQ:MBFI) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.10). MB Financial had a return on equity of 7.99% and a net margin of 19.12%. The company had revenue of $239.51 million for the quarter, compared to analysts’ expectations of $247.39 million. During the same quarter in the previous year, the business posted $0.58 EPS. Analysts expect that MB Financial will post $2.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.02%. MB Financial’s payout ratio is 38.36%.
In related news, Director Ronald D. Santo sold 2,542 shares of MB Financial stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $39.78, for a total transaction of $101,120.76. Following the transaction, the director now owns 59,505 shares in the company, valued at $2,367,108.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 7.05% of the company’s stock.
About MB Financial
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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