MB Financial (MBFI) Receiving Somewhat Favorable Press Coverage, Accern Reports
Headlines about MB Financial (NASDAQ:MBFI) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. MB Financial earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.0157931972725 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern’s analysis:
- Vanguard Group Inc Marginally Raises Its Stake in MB Financial Inc. (MBFI) (highlightpress.com)
- Vanguard Group Inc Modifies Its Ownership in MB Financial Inc. (MBFI) Stock Last Quarter – Modern Readers (modernreaders.com)
- Share Performance in View for MB Financial Inc. (NASDAQ:MBFI) – Jonesboro Recorder (jonesbororecorder.com)
- Watching the Tape Move for MB Financial Inc (MBFI) and Cooper Companies Inc (COO) – Evergreen Caller (evergreencaller.com)
MB Financial (NASDAQ:MBFI) opened at 39.83 on Tuesday. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 18.17 and a beta of 1.13. The firm’s 50 day moving average price is $41.01 and its 200 day moving average price is $42.69. MB Financial has a 52-week low of $35.00 and a 52-week high of $48.47.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.10. The business had revenue of $239.51 million during the quarter, compared to the consensus estimate of $247.39 million. MB Financial had a net margin of 19.12% and a return on equity of 7.99%. During the same period last year, the company posted $0.58 earnings per share. Equities research analysts anticipate that MB Financial will post $2.44 EPS for the current fiscal year.
A number of brokerages recently issued reports on MBFI. BidaskClub lowered MB Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research lowered MB Financial from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Hovde Group dropped their target price on MB Financial from $49.00 to $45.00 and set a “market perform” rating on the stock in a research report on Monday, July 24th. Piper Jaffray Companies lowered MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research report on Monday, July 24th. Finally, Wedbush reissued a “neutral” rating and issued a $48.00 target price on shares of MB Financial in a research report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $47.67.
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In other MB Financial news, Director James N. Hallene sold 4,877 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $44.40, for a total transaction of $216,538.80. Following the completion of the sale, the director now directly owns 25,339 shares in the company, valued at approximately $1,125,051.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jill E. York sold 5,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $42.30, for a total transaction of $211,500.00. Following the sale, the vice president now owns 71,525 shares of the company’s stock, valued at $3,025,507.50. The disclosure for this sale can be found here. Corporate insiders own 4.93% of the company’s stock.
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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