Equities Analysts Set Expectations for MB Financial Inc.’s FY2017 Earnings (MBFI)
MB Financial Inc. (NASDAQ:MBFI) – Investment analysts at SunTrust Banks upped their FY2017 earnings per share estimates for shares of MB Financial in a research report issued to clients and investors on Sunday. SunTrust Banks analyst M. Young now expects that the bank will post earnings of $2.45 per share for the year, up from their prior forecast of $2.43. SunTrust Banks currently has a “Buy” rating and a $48.00 price target on the stock. SunTrust Banks also issued estimates for MB Financial’s Q4 2017 earnings at $0.64 EPS, Q1 2018 earnings at $0.65 EPS, Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $0.76 EPS, FY2018 earnings at $2.86 EPS and FY2019 earnings at $3.27 EPS.
MB Financial (NASDAQ:MBFI) last issued its 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 company had revenue of $252.21 million for the quarter, compared to analysts’ expectations of $253.15 million. During the same period in the prior year, the business earned $0.61 EPS.
Several other brokerages have also recently issued reports on MBFI. Zacks Investment Research upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Piper Jaffray Companies reiterated a “hold” rating and set a $44.00 target price on shares of MB Financial in a report on Thursday, October 19th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $45.00 price target on shares of MB Financial in a report on Tuesday, October 3rd. Jefferies Group LLC restated a “hold” rating and issued a $49.00 price target on shares of MB Financial in a report on Thursday, October 12th. Finally, BidaskClub cut shares of MB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $47.50.
MB Financial (NASDAQ:MBFI) opened at $46.17 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. MB Financial has a 1-year low of $35.92 and a 1-year high of $48.47. The stock has a market cap of $3,873.91, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.78 and a beta of 1.21.
In other news, Director Ronald D. Santo sold 2,542 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $39.78, for a total value of $101,120.76. Following the sale, the director now directly owns 59,505 shares in the company, valued at approximately $2,367,108.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.93% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its position in shares of MB Financial by 0.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 6,381 shares of the bank’s stock valued at $281,000 after purchasing an additional 41 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of MB Financial by 1.6% in the 2nd quarter. Capstone Asset Management Co. now owns 5,018 shares of the bank’s stock valued at $221,000 after purchasing an additional 80 shares during the last quarter. First National Bank of Omaha raised its position in shares of MB Financial by 0.4% in the 2nd quarter. First National Bank of Omaha now owns 39,275 shares of the bank’s stock valued at $1,730,000 after purchasing an additional 160 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of MB Financial by 4.0% in the 2nd quarter. Suntrust Banks Inc. now owns 5,162 shares of the bank’s stock valued at $226,000 after purchasing an additional 200 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of MB Financial by 8.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock valued at $144,000 after purchasing an additional 262 shares during the last quarter. 74.88% of the stock is owned by hedge funds and other institutional investors.
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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