FY2018 EPS Estimates for MB Financial Inc Lifted by Jefferies Group (MBFI)

MB Financial Inc (NASDAQ:MBFI) – Research analysts at Jefferies Group boosted their FY2018 earnings estimates for shares of MB Financial in a research report issued on Monday, Zacks Investment Research reports. Jefferies Group analyst C. Haire now anticipates that the bank will earn $3.14 per share for the year, up from their previous forecast of $2.73. Jefferies Group has a “Hold” rating and a $49.00 price objective on the stock. Jefferies Group also issued estimates for MB Financial’s FY2019 earnings at $3.38 EPS.

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

MBFI has been the subject of several other research reports. SunTrust Banks set a $48.00 price objective on shares of MB Financial and gave the stock a “buy” rating in a research report on Friday, October 20th. BidaskClub upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $49.00 target price on shares of MB Financial in a research report on Friday, December 22nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $44.00 target price on shares of MB Financial in a research report on Thursday, October 19th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. MB Financial presently has an average rating of “Hold” and an average price target of $49.00.

MB Financial (NASDAQ:MBFI) traded down $0.30 during mid-day trading on Wednesday, reaching $46.66. 381,800 shares of the company traded hands, compared to its average volume of 387,180. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. MB Financial has a 1 year low of $38.28 and a 1 year high of $47.64. The company has a market cap of $3,939.66, a PE ratio of 19.94, a PEG ratio of 1.47 and a beta of 1.20.

Several hedge funds have recently made changes to their positions in MBFI. BlackRock Inc. boosted its stake in MB Financial by 2.4% in the 2nd quarter. BlackRock Inc. now owns 7,927,754 shares of the bank’s stock worth $349,139,000 after purchasing an additional 185,340 shares during the period. Vanguard Group Inc. boosted its stake in MB Financial by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 6,531,759 shares of the bank’s stock worth $287,658,000 after purchasing an additional 104,479 shares during the period. Northern Trust Corp boosted its stake in MB Financial by 13.8% in the 2nd 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 period. Channing Capital Management LLC boosted its stake in MB Financial by 1.5% in the 3rd quarter. Channing Capital Management LLC now owns 1,598,971 shares of the bank’s stock worth $71,986,000 after purchasing an additional 23,593 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake 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 worth $69,696,000 after purchasing an additional 102,149 shares during the period. 76.48% of the stock is owned by institutional investors.

In other news, VP Jill E. York sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $44.60, for a total value of $223,000.00. Following the completion of the transaction, the vice president now owns 65,430 shares of the company’s stock, valued at approximately $2,918,178. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark A. Heckler sold 13,804 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $46.25, for a total transaction of $638,435.00. Following the completion of the transaction, the insider now directly owns 55,236 shares of the company’s stock, valued at approximately $2,554,665. The disclosure for this sale can be found here. Insiders own 4.93% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Thursday, December 14th. MB Financial’s payout ratio is 35.90%.

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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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