MB Financial Inc. (MBFI) Now Covered by Analysts at Wedbush
Equities research analysts at Wedbush initiated coverage on shares of MB Financial Inc. (NASDAQ:MBFI) in a report released on Tuesday. The brokerage set a “neutral” rating and a $48.00 price target on the bank’s stock. Wedbush’s target price indicates a potential upside of 11.29% from the company’s current price.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded MB Financial from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Tuesday, April 11th. Jefferies Group LLC reissued a “hold” rating and set a $48.00 price target on shares of MB Financial in a research note on Tuesday, April 4th. Keefe, Bruyette & Woods set a $46.00 target price on MB Financial and gave the company a “hold” rating in a research report on Monday, April 3rd. BidaskClub raised MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, ValuEngine lowered MB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $46.69.
MB Financial (MBFI) traded up 1.09% on Tuesday, hitting $43.60. 25,821 shares of the stock were exchanged. The company has a 50-day moving average price of $43.03 and a 200-day moving average price of $44.14. MB Financial has a 52-week low of $32.72 and a 52-week high of $48.47. The firm has a market cap of $3.65 billion, a PE ratio of 19.36 and a beta of 1.16.
MB Financial (NASDAQ:MBFI) last issued its earnings results on Thursday, April 27th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $234.82 million for the quarter, compared to the consensus estimate of $240.47 million. MB Financial had a return on equity of 8.37% and a net margin of 19.64%. During the same quarter last year, the company earned $0.54 EPS. On average, equities research analysts anticipate that MB Financial will post $2.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.21 dividend. This is an increase from MB Financial’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, June 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.95%. MB Financial’s dividend payout ratio is presently 37.33%.
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In related news, Director James N. Hallene sold 4,877 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $44.40, for a total value of $216,538.80. Following the completion of the transaction, the director now owns 25,339 shares of the company’s stock, valued at approximately $1,125,051.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mitchell Feiger sold 11,825 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $43.60, for a total value of $515,570.00. Following the completion of the transaction, the insider now directly owns 140,724 shares of the company’s stock, valued at approximately $6,135,566.40. The disclosure for this sale can be found here. Insiders sold 21,702 shares of company stock worth $943,609 in the last 90 days. Company insiders own 4.93% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Tyers Asset Management LLC acquired a new position in MB Financial during the fourth quarter worth $124,000. Credit Agricole S A acquired a new position in MB Financial during the fourth quarter worth $154,000. Elkfork Partners LLC acquired a new position in MB Financial during the fourth quarter worth $170,000. Capstone Asset Management Co. boosted its position in MB Financial by 5.8% in the first quarter. Capstone Asset Management Co. now owns 4,938 shares of the bank’s stock worth $211,000 after buying an additional 270 shares during the last quarter. Finally, Suntrust Banks Inc. acquired a new position in MB Financial during the first quarter worth $212,000. 74.35% of the stock is owned by institutional investors.
MB Financial Company Profile
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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