Q3 2017 EPS Estimates for MB Financial Inc. (NASDAQ:MBFI) Cut by Analyst
MB Financial Inc. (NASDAQ:MBFI) – Investment analysts at Wedbush lowered their Q3 2017 earnings per share estimates for MB Financial in a research report issued to clients and investors on Friday. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings of $0.69 per share for the quarter, down from their previous forecast of $0.74. Wedbush currently has a “Neutral” rating and a $48.00 price objective on the stock. Wedbush also issued estimates for MB Financial’s Q4 2017 earnings at $0.58 EPS, FY2017 earnings at $2.39 EPS, Q1 2018 earnings at $0.64 EPS, Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.83 EPS, Q4 2018 earnings at $0.71 EPS and FY2018 earnings at $2.85 EPS.
MBFI has been the subject of several other reports. Zacks Investment Research upgraded MB Financial from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Tuesday, April 11th. BidaskClub downgraded MB Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Piper Jaffray Companies cut MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 target price on the stock. in a report on Friday. Keefe, Bruyette & Woods set a $46.00 price target on MB Financial and gave the company a “hold” rating in a report on Monday, April 3rd. Finally, ValuEngine cut MB Financial from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $47.67.
Shares of MB Financial (MBFI) opened at 40.27 on Monday. The stock has a market capitalization of $3.38 billion, a PE ratio of 18.38 and a beta of 1.14. MB Financial has a one year low of $35.00 and a one year high of $48.47. The company’s 50-day moving average price is $43.30 and its 200 day moving average price is $43.56.
MB Financial (NASDAQ:MBFI) last issued its earnings results on Thursday, July 20th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.10. MB Financial had a net margin of 19.12% and a return on equity of 7.99%. The firm had revenue of $239.51 million during the quarter, compared to the consensus estimate of $247.39 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Tuesday, June 13th. This is a positive change from MB Financial’s previous quarterly dividend of $0.19. MB Financial’s payout ratio is currently 38.36%.
In related news, insider Mitchell Feiger sold 11,825 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $43.60, for a total transaction of $515,570.00. Following the completion of the transaction, the insider now owns 140,724 shares of the company’s stock, valued at $6,135,566.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $42.30, for a total transaction of $211,500.00. Following the transaction, the vice president now directly owns 71,525 shares of the company’s stock, valued at approximately $3,025,507.50. The disclosure for this sale can be found here. In the last three months, insiders sold 21,702 shares of company stock valued at $943,609. Company insiders own 4.93% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. 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 valued at $211,000 after buying an additional 270 shares during the last quarter. Suntrust Banks Inc. bought a new stake in MB Financial during the first quarter worth about $212,000. Oakbrook Investments LLC bought a new stake in MB Financial during the second quarter worth about $231,000. KCG Holdings Inc. bought a new stake in MB Financial during the first quarter worth about $238,000. Finally, LS Investment Advisors LLC raised its stake in MB Financial by 20.2% in the second quarter. LS Investment Advisors LLC now owns 5,648 shares of the bank’s stock worth $249,000 after buying an additional 951 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.
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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