Analysts expect MB Financial Inc (NASDAQ:MBFI) to post $0.79 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for MB Financial’s earnings, with the lowest EPS estimate coming in at $0.71 and the highest estimate coming in at $0.86. MB Financial posted earnings of $0.53 per share during the same quarter last year, which suggests a positive year over year growth rate of 49.1%. The business is scheduled to report its next earnings results on Thursday, January 24th.
According to Zacks, analysts expect that MB Financial will report full year earnings of $2.80 per share for the current year, with EPS estimates ranging from $2.63 to $2.93. For the next financial year, analysts anticipate that the business will report earnings of $3.31 per share, with EPS estimates ranging from $3.20 to $3.38. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow MB Financial.
MB Financial (NASDAQ:MBFI) last posted its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.15). The firm had revenue of $241.69 million for the quarter, compared to analysts’ expectations of $238.85 million. MB Financial had a net margin of 26.11% and a return on equity of 7.48%. During the same quarter last year, the company posted $0.72 EPS.
Several research firms have issued reports on MBFI. Zacks Investment Research raised MB Financial from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Thursday, September 20th. BidaskClub lowered MB Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 28th. Finally, Raymond James raised MB Financial from a “market perform” rating to an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $48.31.
In related news, VP Jill E. York sold 5,000 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $48.75, for a total transaction of $243,750.00. Following the completion of the transaction, the vice president now directly owns 62,691 shares of the company’s stock, valued at $3,056,186.25. The sale was disclosed in a filing with the SEC, which is available through this link. 2.69% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. K2 Principal Fund L.P. purchased a new stake in shares of MB Financial in the second quarter worth approximately $2,588,000. BlackRock Inc. raised its holdings in shares of MB Financial by 4.3% in the second quarter. BlackRock Inc. now owns 9,403,590 shares of the bank’s stock worth $439,147,000 after buying an additional 384,850 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of MB Financial by 1,463.7% in the second quarter. CIBC Private Wealth Group LLC now owns 259,373 shares of the bank’s stock worth $12,113,000 after buying an additional 242,786 shares during the period. Chicago Capital Management LLC purchased a new stake in shares of MB Financial in the second quarter worth approximately $7,500,000. Finally, Dupont Capital Management Corp purchased a new stake in shares of MB Financial in the second quarter worth approximately $2,825,000. 74.03% of the stock is owned by institutional investors.
MB Financial stock opened at $44.63 on Tuesday. The firm has a market cap of $3.74 billion, a P/E ratio of 18.11, a PEG ratio of 1.51 and a beta of 1.03. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.88. MB Financial has a one year low of $39.15 and a one year high of $51.59.
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.
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