Wall Street brokerages predict that MB Financial Inc. (NASDAQ:MBFI) will report earnings of $0.67 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for MB Financial’s earnings, with estimates ranging from $0.64 to $0.69. MB Financial posted earnings per share of $0.63 in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The company is expected to report its next quarterly earnings results on Thursday, October 19th.

According to Zacks, analysts expect that MB Financial will report full year earnings of $2.47 per share for the current fiscal year, with EPS estimates ranging from $2.39 to $2.64. For the next financial year, analysts forecast that the firm will report earnings of $2.87 per share, with EPS estimates ranging from $2.80 to $2.97. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for MB Financial.

MB Financial (NASDAQ:MBFI) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.54 EPS for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $247.39 million. During the same quarter in the previous year, the company earned $0.58 EPS.

Several research analysts recently commented on MBFI shares. BidaskClub lowered shares of MB Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. ValuEngine lowered shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Zacks Investment Research lowered shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Hovde Group reduced their price objective on shares of MB Financial from $49.00 to $45.00 and set a “market perform” rating for the company in a research note on Monday, July 24th. Finally, Piper Jaffray Companies lowered shares of MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 price objective for the company. in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.67.

In other MB Financial news, Director James N. Hallene sold 4,877 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $44.40, for a total transaction of $216,538.80. Following the transaction, the director now owns 25,339 shares in the company, valued at approximately $1,125,051.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $42.30, for a total transaction of $211,500.00. Following the transaction, the vice president now owns 71,525 shares in the company, valued at approximately $3,025,507.50. The disclosure for this sale can be found here. Corporate insiders own 7.05% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas raised its position in shares of MB Financial by 0.6% in the second quarter. Teacher Retirement System of Texas now owns 6,381 shares of the bank’s stock worth $281,000 after buying an additional 41 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of MB Financial by 1.6% in the second quarter. Capstone Asset Management Co. now owns 5,018 shares of the bank’s stock worth $221,000 after buying an additional 80 shares during the last quarter. First National Bank of Omaha raised its position in shares of MB Financial by 0.4% in the second quarter. First National Bank of Omaha now owns 39,275 shares of the bank’s stock worth $1,730,000 after buying an additional 160 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of MB Financial by 4.0% in the second quarter. Suntrust Banks Inc. now owns 5,162 shares of the bank’s stock worth $226,000 after buying an additional 200 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of MB Financial by 8.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock worth $144,000 after buying an additional 262 shares during the last quarter. Institutional investors and hedge funds own 75.05% of the company’s stock.

MB Financial (NASDAQ MBFI) traded down 0.44% during midday trading on Monday, hitting $38.75. 275,246 shares of the stock were exchanged. The company has a market cap of $3.25 billion, a PE ratio of 17.68 and a beta of 1.13. MB Financial has a 12 month low of $35.00 and a 12 month high of $48.47. The firm’s 50 day moving average price is $41.65 and its 200 day moving average price is $42.88.

ILLEGAL ACTIVITY WARNING: “Zacks: Analysts Anticipate MB Financial Inc. (MBFI) to Announce $0.67 EPS” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/19/zacks-analysts-anticipate-mb-financial-inc-mbfi-to-announce-0-67-eps.html.

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.

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

Earnings History and Estimates for MB Financial (NASDAQ:MBFI)

Receive News & Stock Ratings for MB Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MB Financial Inc. and related stocks with our FREE daily email newsletter.