MB Financial Inc. (NASDAQ:MBFI) issued its earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.08, Bloomberg Earnings reports. MB Financial had a return on equity of 8.40% and a net margin of 20.21%. The company had revenue of $252.21 million for the quarter, compared to the consensus estimate of $253.15 million. During the same quarter last year, the company earned $0.61 EPS.
MB Financial (MBFI) traded up 0.24% during midday trading on Friday, hitting $46.50. The stock had a trading volume of 447,220 shares. The stock has a 50-day moving average price of $43.98 and a 200 day moving average price of $42.50. MB Financial has a 12-month low of $35.65 and a 12-month high of $48.47. The firm has a market cap of $3.90 billion, a P/E ratio of 21.21 and a beta of 1.18.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.81%. MB Financial’s payout ratio is 35.90%.
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MBFI has been the subject of a number of research analyst reports. Zacks Investment Research lowered MB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Piper Jaffray Companies downgraded MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research note on Friday, July 21st. Hovde Group dropped their price target on MB Financial from $49.00 to $45.00 and set a “market perform” rating on the stock in a research note on Monday, July 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $45.00 price target on shares of MB Financial in a research note on Tuesday, October 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $48.00 price target on shares of MB Financial in a research note on Friday, September 15th. 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 company presently has an average rating of “Hold” and an average target price of $47.50.
In other MB Financial news, Director Ronald D. Santo sold 2,542 shares of the company’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 completion of the transaction, the director now owns 59,505 shares in the company, valued at approximately $2,367,108.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.05% of the stock is currently owned by corporate insiders.
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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