MB Financial Inc (MBFI) Announces Quarterly Earnings Results
MB Financial Inc (NASDAQ:MBFI) released its earnings results on Thursday. The bank reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.08, Bloomberg Earnings reports. The firm had revenue of $252.21 million for the quarter, compared to analysts’ expectations of $253.15 million. MB Financial had a net margin of 24.12% and a return on equity of 9.24%. During the same quarter last year, the company earned $0.61 EPS.
MB Financial (MBFI) opened at 46.96 on Friday. MB Financial has a 52-week low of $35.65 and a 52-week high of $48.47. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 21.42 and a beta of 1.18. The stock’s 50 day moving average is $43.52 and its 200 day moving average is $42.40.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.79%. MB Financial’s dividend payout ratio (DPR) is 35.90%.
In related news, Director Ronald D. Santo sold 2,542 shares of MB Financial stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $39.78, for a total value of $101,120.76. Following the completion of the transaction, the director now directly owns 59,505 shares of the company’s stock, valued at $2,367,108.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.05% of the company’s stock.
Several equities analysts have commented on the stock. Piper Jaffray Companies reissued a “hold” rating and set a $44.00 target price on shares of MB Financial in a research note on Thursday. SunTrust Banks, Inc. set a $48.00 target price on shares of MB Financial and gave the company a “buy” rating in a research note on Friday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $45.00 target price on shares of MB Financial in a research note on Tuesday, October 3rd. Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price on shares of MB Financial in a research note on Thursday, October 12th. Finally, Zacks Investment Research cut shares of MB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $47.00.
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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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