MB Financial (MBFI) Getting Somewhat Positive Media Coverage, Report Finds
Press coverage about MB Financial (NASDAQ:MBFI) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. MB Financial earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.480570799542 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- MB Financial : Approves Dividend on its Series A Preferred Stock (4-traders.com)
- Wicker’s Public Transit, Construction Boom Lured A River North Firm Here (dnainfo.com)
- MB Financial, Inc. (MBFI) Share deal with 2796924 shares unusually on 15 September 2017 – Voice Of Analysts (analystsbuzz.com)
- MB Financial Inc. (MBFI) Given “Hold” Rating at Jefferies Group LLC (americanbankingnews.com)
- MB Financial Inc. (NASDAQ:MBFI) Closed 5.9% Above Its 50 Day Average – First News 24 (firstnewspaper24.com)
Shares of MB Financial (NASDAQ MBFI) opened at 42.80 on Friday. The firm has a market cap of $3.59 billion, a PE ratio of 19.53 and a beta of 1.14. The firm’s 50-day moving average price is $40.22 and its 200-day moving average price is $42.12. MB Financial has a 12 month low of $35.00 and a 12 month high of $48.47.
MB Financial (NASDAQ:MBFI) last issued 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). The firm had revenue of $239.51 million for the quarter, compared to analysts’ expectations of $247.39 million. MB Financial had a return on equity of 7.99% and a net margin of 19.12%. During the same period in the previous year, the business posted $0.58 EPS. Analysts expect that MB Financial will post $2.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, September 14th. MB Financial’s payout ratio is 38.36%.
MBFI has been the subject of a number of recent analyst reports. Piper Jaffray Companies cut MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 price objective for the company. in a research report on Friday, July 21st. Hovde Group lowered their price objective on MB Financial from $49.00 to $45.00 and set a “market perform” rating for the company in a research report on Monday, July 24th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $45.00 price objective on shares of MB Financial in a research report on Tuesday, August 29th. Zacks Investment Research cut MB Financial from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $48.00 price objective on shares of MB Financial in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. MB Financial presently has a consensus rating of “Hold” and an average price target of $47.56.
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In other MB Financial news, Director Ronald D. Santo sold 2,542 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $39.78, for a total transaction of $101,120.76. Following the transaction, the director now owns 59,505 shares of the company’s stock, valued at $2,367,108.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 7.05% of the company’s stock.
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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