Several other brokerages also recently issued reports on MBFI. Zacks Investment Research raised shares of MB Financial from a sell rating to a hold rating in a research note on Wednesday, October 25th. SunTrust Banks set a $48.00 price target on shares of MB Financial and gave the stock a buy rating in a research note on Friday, October 20th. Piper Jaffray Companies reaffirmed a hold rating and set a $44.00 price target on shares of MB Financial in a research note on Thursday, October 19th. BidaskClub raised shares of MB Financial from a sell rating to a hold rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $45.00 price target on shares of MB Financial in a research note on Tuesday, October 3rd. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. MB Financial presently has a consensus rating of Hold and an average price target of $49.00.
Shares of MB Financial (NASDAQ MBFI) traded up $0.13 on Friday, hitting $46.96. 256,674 shares of the company traded hands, compared to its average volume of 395,301. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3,940.00, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 1.46 and a beta of 1.20. MB Financial has a fifty-two week low of $38.28 and a fifty-two week high of $47.64.
MB Financial (NASDAQ:MBFI) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.08. The business had revenue of $252.21 million for the quarter, compared to the consensus estimate of $253.15 million. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. During the same quarter in the prior year, the firm posted $0.61 earnings per share. equities research analysts expect that MB Financial will post 2.46 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Thursday, December 14th. MB Financial’s dividend payout ratio is currently 35.74%.
In other news, VP Jill E. York sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $44.60, for a total value of $223,000.00. Following the transaction, the vice president now owns 65,430 shares of the company’s stock, valued at approximately $2,918,178. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark A. Heckler sold 13,804 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $46.25, for a total transaction of $638,435.00. Following the completion of the transaction, the insider now directly owns 55,236 shares in the company, valued at approximately $2,554,665. The disclosure for this sale can be found here. Company insiders own 7.05% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Mutual of America Capital Management LLC raised its stake in shares of MB Financial by 9.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 165,408 shares of the bank’s stock valued at $7,447,000 after acquiring an additional 14,186 shares during the period. Prudential Financial Inc. raised its stake in shares of MB Financial by 195.3% in the 2nd quarter. Prudential Financial Inc. now owns 156,171 shares of the bank’s stock valued at $6,878,000 after acquiring an additional 103,290 shares during the period. Comerica Bank raised its stake in shares of MB Financial by 13.4% in the 3rd quarter. Comerica Bank now owns 77,995 shares of the bank’s stock valued at $3,554,000 after acquiring an additional 9,226 shares during the period. Sei Investments Co. raised its stake in shares of MB Financial by 23.6% in the 3rd quarter. Sei Investments Co. now owns 56,925 shares of the bank’s stock valued at $2,563,000 after acquiring an additional 10,863 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC raised its stake in shares of MB Financial by 7.5% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 493,435 shares of the bank’s stock valued at $21,731,000 after acquiring an additional 34,586 shares during the period. 76.48% of the stock is currently 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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