MB Financial Inc. (MBFI) Announces Quarterly Dividend of $0.21
MB Financial Inc. (NASDAQ:MBFI) announced a quarterly dividend on Thursday, August 31st, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.21 per share by the bank on Friday, September 29th. This represents a $0.84 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, September 14th.
Shares of MB Financial (NASDAQ:MBFI) opened at 39.77 on Friday. The stock has a market capitalization of $3.33 billion, a P/E ratio of 18.14 and a beta of 1.13. MB Financial has a 12 month low of $35.00 and a 12 month high of $48.47. The stock has a 50 day moving average price of $40.57 and a 200 day moving average price of $42.57.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.10. The company had revenue of $239.51 million for the quarter, compared to the consensus estimate 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 in the prior year, the business earned $0.58 earnings per share. On average, analysts anticipate that MB Financial will post $2.44 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “MB Financial Inc. (MBFI) Announces Quarterly Dividend of $0.21” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/mb-financial-inc-mbfi-announces-quarterly-dividend-of-0-21/1535754.html.
MBFI has been the subject of several research reports. ValuEngine lowered MB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $48.00 target price on shares of MB Financial in a research report on Sunday, June 11th. BidaskClub raised MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Wedbush reaffirmed a “neutral” rating and issued a $48.00 target price on shares of MB Financial in a research report on Tuesday, June 27th. Finally, Zacks Investment Research raised MB Financial from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $47.56.
In other news, Director Ronald D. Santo sold 2,542 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $39.78, for a total value of $101,120.76. Following the transaction, the director now directly owns 59,505 shares of the company’s stock, valued at approximately $2,367,108.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James N. Hallene sold 4,877 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $44.40, for a total value of $216,538.80. Following the completion of the transaction, the director now directly owns 25,339 shares in the company, valued at $1,125,051.60. The disclosure for this sale can be found here. Insiders own 7.05% 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.
Receive News & Ratings for MB Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MB Financial Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.