MB Financial (MBFI) Getting Somewhat Favorable Press Coverage, Report Finds
Media stories about MB Financial (NASDAQ:MBFI) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MB Financial earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave headlines about the bank an impact score of 45.7593519950679 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- BRIEF-MB Financial, inc. Announces pricing of depositary shares (feeds.reuters.com)
- MB Financial Bank, N.A., a Wholly Owned Subsidiary of MB Financial, Inc., Announces Pricing of $175 (nasdaq.com)
- MB FINANCIAL,INC. (NASDAQ:MBFI) Files An 8-K Other Events (4-traders.com)
- MB Financial Bank, N.A., a Wholly Owned Subsidiary of MB Financial, Inc., Announces Pricing of $175 Million of 4.00% Fixed-to-Floating Rate Subordinated Notes (finance.yahoo.com)
- MB Financial, Inc. Announces Public Offering of Depositary Shares; MB Financial Bank, N.A. Announces Offering of Subordinated Notes (finance.yahoo.com)
Several research analysts recently weighed in on the company. BidaskClub cut MB Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Piper Jaffray Companies cut MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 target price for the company. in a research note on Friday, July 21st. Hovde Group decreased their target price on 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. Zacks Investment Research cut MB Financial from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $45.00 target price on shares of MB Financial in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $47.50.
MB Financial (MBFI) opened at $43.93 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.84. MB Financial has a 1 year low of $38.28 and a 1 year high of $48.47. The firm has a market capitalization of $3,647.71, a price-to-earnings ratio of 17.75, a P/E/G ratio of 1.68 and a beta of 1.21.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share 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 analyst estimates of $253.15 million. During the same quarter last year, the company posted $0.61 EPS. research analysts expect that MB Financial will post 2.47 earnings per share for the current fiscal year.
In related news, Director Ronald D. Santo sold 2,542 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $39.78, for a total value of $101,120.76. Following the completion of the transaction, the director now owns 59,505 shares in the company, valued at approximately $2,367,108.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.93% of the company’s stock.
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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