FY2017 EPS Estimates for MB Financial Inc (MBFI) Lowered by Analyst
MB Financial Inc (NASDAQ:MBFI) – Research analysts at Jefferies Group lowered their FY2017 earnings estimates for shares of MB Financial in a report released on Tuesday. Jefferies Group analyst C. Haire now forecasts that the bank will post earnings per share of $2.40 for the year, down from their prior estimate of $2.49. Jefferies Group currently has a “Hold” rating and a $49.00 target price on the stock.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.08. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. The firm had revenue of $252.21 million for the quarter, compared to the consensus estimate of $253.15 million. During the same quarter in the previous year, the firm posted $0.61 EPS.
Shares of MB Financial (NASDAQ:MBFI) opened at $46.96 on Friday. MB Financial has a one year low of $38.28 and a one year high of $47.64. The stock has a market cap of $3,940.00, a price-to-earnings ratio of 19.98, a P/E/G ratio of 1.46 and a beta of 1.20. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Thursday, December 14th. MB Financial’s payout ratio is currently 35.74%.
In other news, insider Mark A. Heckler sold 13,804 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $46.25, for a total value of $638,435.00. Following the completion of the sale, the insider now owns 55,236 shares of the company’s stock, valued at approximately $2,554,665. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jill E. York sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total transaction of $223,000.00. Following the completion of the sale, the vice president now directly owns 65,430 shares of the company’s stock, valued at approximately $2,918,178. The disclosure for this sale can be found here. 7.05% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of MBFI. Northern Trust Corp boosted its holdings in shares of MB Financial by 13.8% in the 2nd quarter. Northern Trust Corp now owns 1,734,133 shares of the bank’s stock valued at $76,372,000 after buying an additional 210,352 shares during the period. BlackRock Inc. boosted its holdings in shares of MB Financial by 2.4% in the 2nd quarter. BlackRock Inc. now owns 7,927,754 shares of the bank’s stock valued at $349,139,000 after buying an additional 185,340 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of MB Financial by 38.1% in the 3rd quarter. Wells Fargo & Company MN now owns 611,950 shares of the bank’s stock valued at $27,550,000 after buying an additional 168,827 shares during the period. Franklin Resources Inc. boosted its holdings in shares of MB Financial by 28.6% in the 2nd quarter. Franklin Resources Inc. now owns 693,326 shares of the bank’s stock valued at $30,534,000 after buying an additional 154,184 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of MB Financial by 51.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 326,526 shares of the bank’s stock valued at $14,700,000 after buying an additional 111,338 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.
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MB Financial Company Profile
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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