Equities research analysts expect that MB Financial Inc. (NASDAQ:MBFI) will announce $245.30 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for MB Financial’s earnings, with estimates ranging from $236.00 million to $262.90 million. MB Financial posted sales of $239.51 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The business is scheduled to issue its next quarterly earnings results on Thursday, July 19th.
According to Zacks, analysts expect that MB Financial will report full-year sales of $986.31 million for the current financial year, with estimates ranging from $963.00 million to $1.07 billion. For the next fiscal year, analysts expect that the business will report sales of $1.02 billion per share, with estimates ranging from $988.20 million to $1.14 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for MB Financial.
MB Financial (NASDAQ:MBFI) last posted its earnings results on Tuesday, April 24th. The bank reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. MB Financial had a return on equity of 7.52% and a net margin of 28.85%. The company had revenue of $246.18 million for the quarter, compared to analyst estimates of $249.16 million. During the same quarter last year, the company earned $0.60 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis.
A number of research firms have recently weighed in on MBFI. Hovde Group set a $44.00 target price on MB Financial and gave the company a “hold” rating in a report on Thursday, February 8th. BidaskClub upgraded MB Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research lowered MB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. Sandler O’Neill restated a “hold” rating and issued a $46.00 target price on shares of MB Financial in a report on Friday, January 26th. Finally, Piper Jaffray restated a “hold” rating and issued a $45.00 target price on shares of MB Financial in a report on Sunday, January 28th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $47.13.
Shares of MB Financial traded down $0.18, reaching $43.54, during trading hours on Friday, Marketbeat Ratings reports. The company had a trading volume of 4,367 shares, compared to its average volume of 354,439. MB Financial has a 12 month low of $43.51 and a 12 month high of $43.80. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $3.68 billion, a PE ratio of 18.22, a P/E/G ratio of 1.43 and a beta of 1.02.
Several institutional investors and hedge funds have recently modified their holdings of MBFI. Schwab Charles Investment Management Inc. increased its position in shares of MB Financial by 7.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 482,357 shares of the bank’s stock valued at $21,475,000 after acquiring an additional 31,492 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of MB Financial during the fourth quarter valued at approximately $260,000. Congress Asset Management Co. MA increased its position in shares of MB Financial by 28.7% during the fourth quarter. Congress Asset Management Co. MA now owns 107,965 shares of the bank’s stock valued at $4,807,000 after acquiring an additional 24,100 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of MB Financial by 2.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 169,441 shares of the bank’s stock valued at $7,544,000 after acquiring an additional 4,033 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MB Financial by 40.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,568 shares of the bank’s stock valued at $203,000 after acquiring an additional 1,313 shares during the last quarter. 74.10% of the stock is owned by institutional investors.
About MB Financial
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.
Get a free copy of the Zacks research report on MB Financial (MBFI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MB Financial and related companies with MarketBeat.com's FREE daily email newsletter.