MB Financial Inc. (MBFI) to Release Quarterly Earnings on Thursday
MB Financial Inc. (NASDAQ:MBFI) will be announcing its earnings results after the market closes on Thursday, October 19th. Analysts expect the company to announce earnings of $0.69 per share for the quarter.
MB Financial (NASDAQ:MBFI) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.10). The firm had revenue of $239.51 million for the quarter, compared to analysts’ expectations of $247.39 million. MB Financial had a return on equity of 7.99% and a net margin of 19.12%. During the same period last year, the firm earned $0.58 EPS. On average, analysts expect MB Financial to post $2.43 EPS for the current fiscal year and $2.86 EPS for the next fiscal year.
Shares of MB Financial Inc. (MBFI) opened at 45.35 on Tuesday. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 20.69 and a beta of 1.18. The stock’s 50 day moving average price is $42.75 and its 200 day moving average price is $42.28. MB Financial Inc. has a 52 week low of $35.00 and a 52 week high of $48.47.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.85%. MB Financial’s dividend payout ratio is presently 38.36%.
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A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of MB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 price objective on shares of MB Financial in a research note on Thursday, October 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $45.00 price objective on shares of MB Financial in a research note on Tuesday, August 29th. Hovde Group lowered their price objective on shares of MB Financial from $49.00 to $45.00 and set a “market perform” rating on the stock in a research note on Monday, July 24th. Finally, Piper Jaffray Companies lowered shares of MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $47.67.
In related news, Director Ronald D. Santo sold 2,542 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $39.78, for a total transaction of $101,120.76. Following the completion of the sale, the director now directly owns 59,505 shares in the company, valued at $2,367,108.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.93% 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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