MB Financial Inc. (MBFI) to Post Q1 2018 Earnings of $0.63 Per Share, Jefferies Group Forecasts
MB Financial Inc. (NASDAQ:MBFI) – Stock analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for MB Financial in a note issued to investors on Tuesday. Jefferies Group analyst C. Haire forecasts that the bank will post earnings of $0.63 per share for the quarter. Jefferies Group has a “Hold” rating and a $49.00 price target on the stock. Jefferies Group also issued estimates for MB Financial’s Q2 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.71 EPS and FY2019 earnings at $2.95 EPS.
MB Financial (NASDAQ:MBFI) last posted its earnings results on Thursday, July 20th. The bank reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.10). The business had revenue of $239.51 million for the quarter, compared to analyst estimates of $247.39 million. MB Financial had a net margin of 19.12% and a return on equity of 7.99%. During the same quarter in the previous year, the firm posted $0.58 EPS. ILLEGAL ACTIVITY NOTICE: “MB Financial Inc. (MBFI) to Post Q1 2018 Earnings of $0.63 Per Share, Jefferies Group Forecasts” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/13/mb-financial-inc-mbfi-to-post-q1-2018-earnings-of-0-63-per-share-jefferies-group-forecasts.html.
MBFI has been the subject of several other reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $45.00 target price on shares of MB Financial in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of MB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub downgraded shares of MB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Piper Jaffray Companies downgraded shares of MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 price objective for the company. in a report on Friday, July 21st. Finally, Hovde Group decreased 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 report on Monday, July 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $47.67.
MB Financial (NASDAQ:MBFI) traded down 0.35% during trading on Wednesday, hitting $45.59. 99,399 shares of the company traded hands. MB Financial has a one year low of $35.00 and a one year high of $48.47. The firm has a 50 day moving average of $42.51 and a 200 day moving average of $42.25. The firm has a market cap of $3.82 billion, a P/E ratio of 20.80 and a beta of 1.18.
Several hedge funds and other institutional investors have recently bought and sold shares of MBFI. BlackRock Inc. boosted its holdings in MB Financial by 2.4% in the 2nd quarter. BlackRock Inc. now owns 7,927,754 shares of the bank’s stock valued at $349,139,000 after purchasing an additional 185,340 shares during the period. Vanguard Group Inc. boosted its holdings in MB Financial by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 6,531,759 shares of the bank’s stock valued at $287,658,000 after purchasing an additional 104,479 shares during the period. State Street Corp boosted its holdings in MB Financial by 4.6% in the 1st quarter. State Street Corp now owns 3,637,900 shares of the bank’s stock valued at $155,776,000 after purchasing an additional 159,350 shares during the period. Northern Trust Corp boosted its holdings in MB Financial by 13.8% in the 2nd quarter. Northern Trust Corp now owns 1,734,133 shares of the bank’s stock valued at $76,372,000 after purchasing an additional 210,352 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in MB Financial by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,582,553 shares of the bank’s stock valued at $69,696,000 after purchasing an additional 102,149 shares during the period. 74.75% of the stock is owned by institutional investors and hedge funds.
In related news, Director Ronald D. Santo sold 2,542 shares of the company’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 completion of the sale, the director now directly owns 59,505 shares of the company’s stock, valued at approximately $2,367,108.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 7.05% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Thursday, September 14th. MB Financial’s dividend payout ratio is currently 38.36%.
About MB Financial
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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