MB Financial Inc (NASDAQ:MBFI) – Equities research analysts at Wedbush cut their Q2 2018 EPS estimates for shares of MB Financial in a research report issued to clients and investors on Thursday, April 12th. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings per share of $0.59 for the quarter, down from their prior estimate of $0.68. Wedbush also issued estimates for MB Financial’s Q3 2018 earnings at $0.73 EPS and FY2018 earnings at $2.63 EPS.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.10). MB Financial had a net margin of 29.25% and a return on equity of 8.11%. The business had revenue of $242.71 million for the quarter, compared to the consensus estimate of $251.78 million. During the same quarter last year, the business earned $0.59 EPS.
MBFI has been the subject of several other research reports. Hovde Group set a $44.00 price objective on shares of MB Financial and gave the company a “hold” rating in a research report on Thursday, February 8th. Zacks Investment Research lowered shares of MB Financial from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. BidaskClub upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Piper Jaffray reiterated a “hold” rating and set a $44.00 price objective on shares of MB Financial in a research report on Friday, April 6th. Finally, DA Davidson lowered shares of MB Financial from a “buy” rating to a “neutral” rating in a research report on Friday, January 26th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. MB Financial has an average rating of “Hold” and a consensus price target of $46.75.
MBFI stock opened at $41.80 on Monday. MB Financial has a 52 week low of $38.28 and a 52 week high of $47.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.88. The firm has a market cap of $3,524.69, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.42 and a beta of 1.02.
Several institutional investors and hedge funds have recently made changes to their positions in MBFI. Advisor Group Inc. raised its stake in shares of MB Financial by 93.4% in the fourth quarter. Advisor Group Inc. now owns 2,940 shares of the bank’s stock valued at $131,000 after acquiring an additional 1,420 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of MB Financial in the fourth quarter valued at $169,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of MB Financial by 40.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,568 shares of the bank’s stock valued at $203,000 after acquiring an additional 1,313 shares during the period. Zeke Capital Advisors LLC purchased a new stake in shares of MB Financial in the fourth quarter valued at $220,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of MB Financial in the fourth quarter valued at $260,000. 75.76% of the stock is currently owned by institutional investors and hedge funds.
The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were paid a $0.24 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 2.30%. This is an increase from MB Financial’s previous quarterly dividend of $0.21. MB Financial’s dividend payout ratio is currently 40.17%.
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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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