A number of other brokerages have also recently weighed in on MBFI. Zacks Investment Research upgraded MB Financial from a hold rating to a buy rating and set a $49.00 price objective for the company in a research note on Tuesday, July 4th. BidaskClub upgraded MB Financial from a sell rating to a hold rating in a research note on Thursday, June 15th. Wedbush restated a neutral rating and set a $48.00 price objective on shares of MB Financial in a research note on Tuesday, June 27th. ValuEngine cut MB Financial from a buy rating to a hold rating in a research note on Saturday, June 3rd. Finally, Hovde Group decreased their price target 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. MB Financial has an average rating of Hold and a consensus target price of $47.56.
MB Financial (NASDAQ:MBFI) opened at 42.13 on Friday. MB Financial has a 52-week low of $35.00 and a 52-week high of $48.47. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 19.22 and a beta of 1.14. The stock has a 50 day moving average price of $40.17 and a 200 day moving average price of $42.15.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.10). The company 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 quarter last year, the company earned $0.58 earnings per share. Analysts expect that MB Financial will post $2.44 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, September 14th. MB Financial’s dividend payout ratio (DPR) is presently 38.36%.
In other MB Financial news, Director Ronald D. Santo sold 2,542 shares of the stock in a transaction dated 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 sale, the director now directly owns 59,505 shares in the company, valued at $2,367,108.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.93% of the company’s stock.
Several large investors have recently made changes to their positions in MBFI. BlackRock Inc. raised its stake in shares of MB Financial by 17,590.9% in the first quarter. BlackRock Inc. now owns 7,742,414 shares of the bank’s stock worth $331,530,000 after purchasing an additional 7,698,649 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of MB Financial by 8.6% in the first quarter. Vanguard Group Inc. now owns 6,427,280 shares of the bank’s stock worth $275,215,000 after purchasing an additional 510,128 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of MB Financial by 197.2% in the first quarter. Wells Fargo & Company MN now owns 446,257 shares of the bank’s stock worth $19,109,000 after purchasing an additional 296,089 shares during the last quarter. Northern Trust Corp raised its stake in shares of MB Financial by 13.8% in the second quarter. Northern Trust Corp now owns 1,734,133 shares of the bank’s stock worth $76,372,000 after purchasing an additional 210,352 shares during the last quarter. Finally, Federated Investors Inc. PA raised its stake in shares of MB Financial by 52.7% in the second quarter. Federated Investors Inc. PA now owns 582,318 shares of the bank’s stock worth $25,645,000 after purchasing an additional 201,060 shares during the last quarter. Hedge funds and other institutional investors own 74.74% 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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