Several other research analysts have also weighed in on MBFI. ValuEngine lowered MB Financial from a buy rating to a hold rating in a research report on Saturday, June 3rd. BidaskClub raised MB Financial from a sell rating to a hold rating in a research report on Thursday, June 15th. Wedbush reissued a neutral rating and issued a $48.00 price objective on shares of MB Financial in a research report on Tuesday, June 27th. Zacks Investment Research raised MB Financial from a hold rating to a buy rating and set a $49.00 price objective for the company in a research report on Tuesday, July 4th. Finally, Piper Jaffray Companies lowered MB Financial from an overweight rating to a neutral rating and set a $44.00 price objective for the company. in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $47.56.
MB Financial (NASDAQ:MBFI) traded up 0.46% on Friday, reaching $41.65. The company’s stock had a trading volume of 2,796,924 shares. 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 $3.49 billion, a price-to-earnings ratio of 19.00 and a beta of 1.14. The firm’s 50-day moving average price is $40.14 and its 200-day moving average price is $42.23.
MB Financial (NASDAQ:MBFI) last announced its earnings results on Thursday, July 20th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.10). MB Financial had a return on equity of 7.99% and a net margin of 19.12%. The company had revenue of $239.51 million for the quarter, compared to the consensus estimate of $247.39 million. During the same period in the prior year, the business earned $0.58 earnings per share. On average, equities analysts expect that MB Financial will post $2.44 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.84 annualized dividend and a dividend yield of 2.02%. MB Financial’s dividend payout ratio is presently 38.36%.
In other news, Director Ronald D. Santo sold 2,542 shares of the firm’s 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 approximately $2,367,108.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 7.05% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. boosted its stake in MB Financial by 1.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 78,439 shares of the bank’s stock valued at $3,454,000 after purchasing an additional 1,064 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in MB Financial by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,582,553 shares of the bank’s stock valued at $69,696,000 after purchasing an additional 102,149 shares during the last quarter. Shelton Capital Management acquired a new position in MB Financial during the 2nd quarter valued at about $240,000. Cramer Rosenthal Mcglynn LLC boosted its stake in MB Financial by 7.5% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 493,435 shares of the bank’s stock valued at $21,731,000 after purchasing an additional 34,586 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in MB Financial by 0.3% during the 2nd quarter. Stifel Financial Corp now owns 100,833 shares of the bank’s stock valued at $4,439,000 after purchasing an additional 278 shares during the last quarter. Institutional investors and hedge funds 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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