FY2017 EPS Estimates for MB Financial Inc. Boosted by Analyst (MBFI)
MB Financial Inc. (NASDAQ:MBFI) – SunTrust Banks increased their FY2017 earnings estimates for shares of MB Financial in a research report issued on Sunday. SunTrust Banks analyst M. Young now expects that the bank will earn $2.45 per share for the year, up from their prior forecast of $2.43. SunTrust Banks has a “Buy” rating and a $48.00 price target on the stock. SunTrust Banks also issued estimates for MB Financial’s Q4 2017 earnings at $0.64 EPS, Q1 2018 earnings at $0.65 EPS, Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $0.76 EPS, FY2018 earnings at $2.86 EPS and FY2019 earnings at $3.27 EPS.
MB Financial (NASDAQ:MBFI) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.08. MB Financial had a return on equity of 8.40% and a net margin of 20.21%. The business had revenue of $252.21 million during the quarter, compared to analysts’ expectations of $253.15 million. During the same period in the previous year, the business earned $0.61 earnings per share. WARNING: This article was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/11/08/fy2017-eps-estimates-for-mb-financial-inc-boosted-by-analyst-mbfi.html.
Several other equities analysts have also issued reports on the company. Piper Jaffray Companies lowered MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research note on Monday, July 24th. BidaskClub downgraded MB Financial from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Jefferies Group LLC restated a “hold” rating and set a $49.00 price target on shares of MB Financial in a report on Thursday, October 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $45.00 price objective on shares of MB Financial in a report on Tuesday, October 3rd. Finally, Zacks Investment Research downgraded MB Financial from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $47.50.
MB Financial (NASDAQ MBFI) opened at $44.57 on Tuesday. The firm has a market capitalization of $3,800.00, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 1.78 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.89. MB Financial has a 12 month low of $36.59 and a 12 month high of $48.47.
A number of institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its position in MB Financial by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 696,260 shares of the bank’s stock worth $31,346,000 after acquiring an additional 47,503 shares during the period. SG Americas Securities LLC lifted its position in MB Financial by 35.8% during the 3rd quarter. SG Americas Securities LLC now owns 29,788 shares of the bank’s stock worth $1,341,000 after acquiring an additional 7,859 shares during the period. Russell Investments Group Ltd. lifted its position in MB Financial by 2.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 561,477 shares of the bank’s stock worth $25,277,000 after acquiring an additional 14,972 shares during the period. HighPoint Advisor Group LLC acquired a new stake in shares of MB Financial in the 3rd quarter valued at approximately $208,000. Finally, Comerica Bank lifted its holdings in shares of MB Financial by 13.4% in the 3rd quarter. Comerica Bank now owns 77,995 shares of the bank’s stock valued at $3,554,000 after buying an additional 9,226 shares during the period. 74.88% of the stock is owned by institutional investors.
In other MB Financial news, Director Ronald D. Santo sold 2,542 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 4.93% of the stock is currently owned by company insiders.
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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