MB Financial Inc. (NASDAQ:MBFI) has received an average recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $46.86.
A number of analysts have commented on the stock. Hovde Group set a $44.00 price objective on shares of MB Financial and gave the company a “hold” rating in a report on Thursday, February 8th. Zacks Investment Research cut shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Piper Jaffray reissued a “hold” rating and issued a $44.00 price target on shares of MB Financial in a research note on Friday, April 6th. Finally, DA Davidson cut shares of MB Financial from a “buy” rating to a “neutral” rating in a research note on Friday, January 26th.
MBFI stock opened at $42.58 on Thursday. The stock has a market capitalization of $3,587.88, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.45 and a beta of 1.03. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.88. MB Financial has a 12 month low of $38.28 and a 12 month high of $47.64.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.10). The business had revenue of $242.71 million during the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.59 EPS. sell-side analysts expect that MB Financial will post 2.8 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were paid a $0.24 dividend. This is a boost from MB Financial’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 2.25%. MB Financial’s dividend payout ratio is 40.17%.
Several institutional investors have recently bought and sold shares of MBFI. Advisor Group Inc. boosted its position in shares of MB Financial by 93.4% during the 4th quarter. Advisor Group Inc. now owns 2,940 shares of the bank’s stock worth $131,000 after purchasing an additional 1,420 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of MB Financial during the 4th quarter worth approximately $169,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MB Financial by 40.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,568 shares of the bank’s stock worth $203,000 after purchasing an additional 1,313 shares during the period. Zeke Capital Advisors LLC purchased a new position in shares of MB Financial during the 4th quarter worth approximately $220,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of MB Financial during the 4th quarter worth approximately $260,000. 75.76% of the stock is owned by institutional investors and hedge funds.
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MB Financial Company Profile
MB Financial, Inc operates as a bank holding company for MB Financial Bank, N.A. that provides various financial services to small and middle market businesses, and individuals in the United States. The company operates through three segments: Banking, Leasing, and Mortgage Banking. The Banking segment offers commercial banking products, including working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; industrial revenue bond financing; ESOP financing; business acquisition loans; owner occupied real estate loans; asset-based loans; and financial, performance, and commercial letters of credit.
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