MB Financial Inc. (MBFI) To Go Ex-Dividend on September 14th
MB Financial Inc. (NASDAQ:MBFI) declared a quarterly dividend on Thursday, August 31st, Wall Street Journal reports. Investors of record on Friday, September 15th will be given a dividend of 0.21 per share by the bank on Friday, September 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 14th.
MB Financial (NASDAQ MBFI) traded up 2.17% during trading on Friday, hitting $39.60. 457,943 shares of the company were exchanged. MB Financial has a 12 month low of $35.00 and a 12 month high of $48.47. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 18.07 and a beta of 1.14. The company has a 50-day moving average of $40.02 and a 200-day moving average of $42.36.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.10. MB Financial had a return on equity of 7.99% and a net margin of 19.12%. The business had revenue of $239.51 million for the quarter, compared to analysts’ expectations of $247.39 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. Analysts forecast that MB Financial will post $2.44 EPS for the current year.
In other news, Director Ronald D. Santo sold 2,542 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $39.78, for a total transaction of $101,120.76. Following the transaction, the director now directly owns 59,505 shares of the company’s stock, valued at $2,367,108.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 7.05% of the company’s stock.
Several research firms have issued reports on MBFI. Zacks Investment Research upgraded shares of MB Financial from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Tuesday, July 4th. BidaskClub upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Jefferies Group LLC reiterated a “hold” rating and set a $48.00 price objective on shares of MB Financial in a research note on Sunday, June 11th. Wedbush reiterated a “neutral” rating and set a $48.00 price objective on shares of MB Financial in a research note on Tuesday, June 27th. Finally, ValuEngine downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $47.56.
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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