MB Financial Inc. (NASDAQ:MBFI) announced a quarterly dividend on Wednesday, November 29th, NASDAQ reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.21 per share by the bank on Friday, December 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, December 14th.
Shares of MB Financial (NASDAQ MBFI) traded down $0.58 during mid-day trading on Friday, hitting $44.94. The company’s stock had a trading volume of 264,881 shares, compared to its average volume of 315,876. The firm has a market cap of $3,818.86, a P/E ratio of 18.58, a PEG ratio of 1.76 and a beta of 1.19. MB Financial has a 52-week low of $38.28 and a 52-week high of $48.47. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.89.
MB Financial (NASDAQ:MBFI) last issued its earnings results 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 firm had revenue of $252.21 million for the quarter, compared to the consensus estimate 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 last year, the business posted $0.61 EPS. analysts expect that MB Financial will post 2.47 EPS for the current fiscal year.
In related news, insider Mark A. Heckler sold 13,804 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $46.25, for a total transaction of $638,435.00. Following the completion of the transaction, the insider now directly owns 55,236 shares of the company’s stock, valued at approximately $2,554,665. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jill E. York sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total value of $223,000.00. Following the transaction, the vice president now directly owns 65,430 shares of the company’s stock, valued at $2,918,178. The disclosure for this sale can be found here. Company insiders own 7.05% of the company’s stock.
A number of equities research analysts have weighed in on MBFI shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $45.00 target price on shares of MB Financial in a report on Tuesday, August 29th. Jefferies Group reissued a “hold” rating and set a $48.00 price objective on shares of MB Financial in a report on Friday, September 15th. Zacks Investment Research raised MB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. 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. Finally, SunTrust Banks set a $48.00 price objective on MB Financial and gave the company a “buy” rating in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.63.
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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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