MB Financial Inc (NASDAQ:MBFI) – Analysts at Jefferies Group lifted their FY2018 earnings estimates for shares of MB Financial in a research report issued on Monday, Zacks Investment Research reports. Jefferies Group analyst C. Haire now expects that the bank will post earnings of $3.14 per share for the year, up from their prior forecast of $2.73. Jefferies Group has a “Hold” rating and a $49.00 price objective on the stock. Jefferies Group also issued estimates for MB Financial’s FY2019 earnings at $3.38 EPS.
MBFI has been the topic of several other research reports. SunTrust Banks set a $48.00 price target on shares of MB Financial and gave the company a “buy” rating in a report on Friday, October 20th. BidaskClub upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Keefe, Bruyette & Woods restated a “hold” rating and set a $49.00 target price on shares of MB Financial in a report on Friday, December 22nd. Finally, Piper Jaffray Companies restated a “hold” rating and set a $44.00 target price on shares of MB Financial in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $48.78.
Shares of MB Financial (NASDAQ:MBFI) opened at $42.84 on Wednesday. The firm has a market cap of $3,595.05, a price-to-earnings ratio of 17.92, a P/E/G ratio of 1.45 and a beta of 1.03. MB Financial has a fifty-two week low of $38.28 and a fifty-two week high of $47.64. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.27.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.10). The company had revenue of $242.71 million during the quarter, compared to the consensus estimate of $251.78 million. MB Financial had a net margin of 29.25% and a return on equity of 8.11%. During the same quarter last year, the firm earned $0.59 EPS.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. raised its position in MB Financial by 2.4% in the 2nd quarter. BlackRock Inc. now owns 7,927,754 shares of the bank’s stock worth $349,139,000 after buying an additional 185,340 shares during the last quarter. Vanguard Group Inc. raised its position in MB Financial by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 6,531,759 shares of the bank’s stock worth $287,658,000 after buying an additional 104,479 shares during the last quarter. Northern Trust Corp raised its position in MB Financial by 13.8% in the 2nd quarter. Northern Trust Corp now owns 1,734,133 shares of the bank’s stock worth $76,372,000 after buying an additional 210,352 shares during the last quarter. Channing Capital Management LLC raised its position in MB Financial by 1.5% in the 3rd quarter. Channing Capital Management LLC now owns 1,598,971 shares of the bank’s stock worth $71,986,000 after buying an additional 23,593 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in MB Financial by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,582,553 shares of the bank’s stock worth $69,696,000 after buying an additional 102,149 shares during the last quarter. 76.54% of the stock is owned by institutional investors and hedge funds.
In related news, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $44.60, for a total value of $223,000.00. Following the transaction, the vice president now owns 65,430 shares in the company, valued at approximately $2,918,178. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark A. Heckler sold 13,804 shares of the company’s stock in a transaction dated 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 owns 55,236 shares in the company, valued at approximately $2,554,665. The disclosure for this sale can be found here. Insiders own 7.05% of the company’s stock.
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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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