Somewhat Positive Press Coverage Somewhat Unlikely to Impact MB Financial (MBFI) Stock Price
Media stories about MB Financial (NASDAQ:MBFI) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MB Financial earned a news impact score of 0.08 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 47.1058174139039 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- MB Financial Inc. (MBFI) to Post Q4 2017 Earnings of $0.65 Per Share, FIG Partners Forecasts (americanbankingnews.com)
- MB Financial Inc. (MBFI) VP Jill E. York Sells 5,000 Shares (americanbankingnews.com)
- MB Financial Inc. (MBFI) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- SunTrust Banks Comments on MB Financial Inc.’s Q1 2018 Earnings (MBFI) (americanbankingnews.com)
- MB Financial Inc. (MBFI) Expected to Post Quarterly Sales of $252.57 Million (americanbankingnews.com)
Several analysts have weighed in on MBFI shares. SunTrust Banks, Inc. set a $48.00 price target on MB Financial and gave the company a “buy” rating in a report on Friday, October 20th. Zacks Investment Research raised MB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $45.00 price objective on shares of MB Financial in a report on Tuesday, October 3rd. Jefferies Group LLC reissued a “hold” rating and set a $48.00 price objective on shares of MB Financial in a report on Friday, September 15th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $44.00 price objective on shares of MB Financial in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.63.
Shares of MB Financial (NASDAQ:MBFI) traded down $0.57 during midday trading on Friday, hitting $43.73. The company had a trading volume of 155,694 shares, compared to its average volume of 361,495. The stock has a market cap of $3,620.00, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.71 and a beta of 1.21. 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 52 week low of $38.28 and a 52 week high of $48.47.
MB Financial (NASDAQ:MBFI) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.08. The company had revenue of $252.21 million for the quarter, compared to analysts’ expectations of $253.15 million. MB Financial had a return on equity of 8.40% and a net margin of 20.21%. During the same period last year, the firm posted $0.61 EPS. sell-side analysts anticipate that MB Financial will post 2.47 earnings per share for the current fiscal year.
In related news, VP Jill E. York sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total transaction of $223,000.00. Following the transaction, the vice president now directly owns 65,430 shares in the company, valued at approximately $2,918,178. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ronald D. Santo sold 2,542 shares of the firm’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 owns 59,505 shares in the company, valued at $2,367,108.90. The disclosure for this sale can be found here. Company insiders own 7.05% 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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