MB Financial Inc. (NASDAQ:MBFI) – Analysts at FIG Partners dropped their Q4 2017 EPS estimates for shares of MB Financial in a report released on Tuesday, according to Zacks Investment Research. FIG Partners analyst B. Martin now expects that the bank will post earnings per share of $0.66 for the quarter, down from their prior estimate of $0.68. FIG Partners also issued estimates for MB Financial’s Q4 2018 earnings at $0.71 EPS.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.08. The business had revenue of $252.21 million during the quarter, compared to analyst estimates of $253.15 million. MB Financial had a return on equity of 8.40% and a net margin of 20.21%. During the same quarter in the prior year, the company posted $0.61 EPS.
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Other research analysts have also issued research reports about the company. Piper Jaffray Companies lowered MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 target price for the company. in a research report on Monday, July 24th. BidaskClub lowered MB Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Jefferies Group LLC reissued a “hold” rating and issued a $49.00 target price on shares of MB Financial in a research report on Thursday, October 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $45.00 target price on shares of MB Financial in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research lowered MB Financial from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. MB Financial currently has a consensus rating of “Hold” and a consensus price target of $47.50.
MB Financial (MBFI) opened at $42.80 on Wednesday. The company has a market capitalization of $3,580.00, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 1.65 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.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in MB Financial by 2.4% during the 2nd quarter. BlackRock Inc. now owns 7,927,754 shares of the bank’s stock valued at $349,139,000 after purchasing an additional 185,340 shares during the last quarter. Vanguard Group Inc. boosted its stake in MB Financial by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 6,531,759 shares of the bank’s stock valued at $287,658,000 after purchasing an additional 104,479 shares during the last quarter. State Street Corp boosted its stake in MB Financial by 4.6% during the 1st quarter. State Street Corp now owns 3,637,900 shares of the bank’s stock valued at $155,776,000 after purchasing an additional 159,350 shares during the last quarter. Northern Trust Corp boosted its stake in MB Financial by 13.8% during the 2nd quarter. Northern Trust Corp now owns 1,734,133 shares of the bank’s stock valued at $76,372,000 after purchasing an additional 210,352 shares during the last quarter. Finally, Channing Capital Management LLC boosted its stake in MB Financial by 1.5% during the 3rd quarter. Channing Capital Management LLC now owns 1,598,971 shares of the bank’s stock valued at $71,986,000 after purchasing an additional 23,593 shares during the last quarter. Institutional investors and hedge funds own 74.88% of the company’s stock.
In other MB Financial news, Director Ronald D. Santo sold 2,542 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $39.78, for a total transaction of $101,120.76. Following the sale, the director now directly owns 59,505 shares in the company, valued at approximately $2,367,108.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.05% of the stock is owned by company insiders.
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.
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