MB Financial Inc. (NASDAQ:MBFI) – Equities research analysts at FIG Partners lowered their Q4 2017 earnings estimates for shares of MB Financial in a research report issued to clients and investors on Tuesday. FIG Partners analyst B. Martin now forecasts that the bank will earn $0.65 per share for the quarter, down from their previous forecast of $0.66. FIG Partners also issued estimates for MB Financial’s Q3 2018 earnings at $0.71 EPS, Q4 2018 earnings at $0.70 EPS and FY2018 earnings at $2.75 EPS.

MB Financial (NASDAQ:MBFI) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.08. The company had revenue of $252.21 million during the quarter, compared to analysts’ expectations of $253.15 million. MB Financial had a return on equity of 8.40% and a net margin of 20.21%. During the same period in the previous year, the business earned $0.61 earnings per share.

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MBFI has been the subject of several other reports. SunTrust Banks, Inc. set a $48.00 price target on MB Financial and gave the company a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded MB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Piper Jaffray Companies restated a “hold” rating and set a $44.00 target price on shares of MB Financial in a research report on Thursday, October 19th. BidaskClub cut MB Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC restated a “hold” rating and set a $49.00 target price on shares of MB Financial in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $47.63.

MB Financial (NASDAQ:MBFI) opened at $44.30 on Thursday. The firm has a market capitalization of $3,716.51, a price-to-earnings ratio of 18.08, a PEG ratio of 1.71 and a beta of 1.21. MB Financial has a 52-week low of $38.28 and a 52-week high of $48.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.84.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its position in MB Financial by 7.6% during the 3rd quarter. California Public Employees Retirement System now owns 151,834 shares of the bank’s stock valued at $6,836,000 after purchasing an additional 10,734 shares during the last quarter. Jane Street Group LLC bought a new position in MB Financial during the 3rd quarter valued at approximately $339,000. Cramer Rosenthal Mcglynn LLC raised its position in MB Financial by 1.4% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 500,360 shares of the bank’s stock valued at $22,526,000 after purchasing an additional 6,925 shares during the last quarter. Stifel Financial Corp raised its position in MB Financial by 5.0% during the 3rd quarter. Stifel Financial Corp now owns 105,912 shares of the bank’s stock valued at $4,768,000 after purchasing an additional 5,079 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in MB Financial by 25.1% during the 3rd quarter. Brown Advisory Inc. now owns 17,782 shares of the bank’s stock valued at $800,000 after purchasing an additional 3,573 shares during the last quarter. 74.12% of the stock is owned by institutional investors and hedge funds.

In other news, VP Jill E. York sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total value of $223,000.00. Following the completion of the sale, the vice president now owns 65,430 shares of the company’s stock, valued at approximately $2,918,178. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ronald D. Santo sold 2,542 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $39.78, for a total value 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 disclosure for this sale can be found here. Insiders own 7.05% 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.

Earnings History and Estimates for MB Financial (NASDAQ:MBFI)

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