Wall Street analysts predict that MB Financial Inc (NASDAQ:MBFI) will post $238.91 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for MB Financial’s earnings. The highest sales estimate is $243.00 million and the lowest is $235.20 million. MB Financial posted sales of $252.21 million in the same quarter last year, which would indicate a negative year over year growth rate of 5.3%. The firm is scheduled to announce its next earnings report before the market opens on Tuesday, October 23rd.
According to Zacks, analysts expect that MB Financial will report full year sales of $972.91 million for the current year, with estimates ranging from $963.10 million to $985.00 million. For the next year, analysts forecast that the company will post sales of $996.29 million, with estimates ranging from $973.00 million to $1.01 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for MB Financial.
MB Financial (NASDAQ:MBFI) last posted its earnings results on Wednesday, July 18th. The bank reported $0.68 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. The business had revenue of $247.38 million during the quarter, compared to the consensus estimate of $241.37 million. MB Financial had a return on equity of 7.92% and a net margin of 27.78%. During the same quarter last year, the company earned $0.51 EPS.
Several brokerages have issued reports on MBFI. Zacks Investment Research upgraded MB Financial from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, September 20th. BidaskClub downgraded MB Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 28th. ValuEngine downgraded MB Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. Finally, SunTrust Banks downgraded MB Financial from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $48.40.
MBFI traded down $0.84 during trading on Friday, hitting $46.47. The company’s stock had a trading volume of 432,100 shares, compared to its average volume of 612,269. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.91. MB Financial has a 12 month low of $39.15 and a 12 month high of $51.59. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.58 and a beta of 1.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.96 annualized dividend and a yield of 2.07%. MB Financial’s payout ratio is 40.17%.
In other MB Financial news, VP Jill E. York sold 5,000 shares of MB Financial stock in a transaction on Friday, September 7th. The stock was sold at an average price of $48.75, for a total value of $243,750.00. Following the completion of the transaction, the vice president now owns 62,691 shares in the company, valued at approximately $3,056,186.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.69% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of MBFI. Wolverine Asset Management LLC bought a new stake in shares of MB Financial during the second quarter worth $172,000. Gideon Capital Advisors Inc. bought a new stake in shares of MB Financial during the second quarter worth $219,000. Nomura Holdings Inc. bought a new stake in shares of MB Financial during the second quarter worth $252,000. Signition LP bought a new stake in shares of MB Financial during the first quarter worth $244,000. Finally, Pitcairn Co. raised its position in shares of MB Financial by 61.7% during the first quarter. Pitcairn Co. now owns 7,906 shares of the bank’s stock worth $320,000 after acquiring an additional 3,018 shares during the last quarter. Hedge funds and other institutional investors own 74.18% of the company’s stock.
MB Financial Company Profile
MB Financial, Inc operates as a bank holding company for MB Financial Bank, N.A. that provides various financial services to small and middle market businesses, and individuals in the United States. The company operates through three segments: Banking, Leasing, and Mortgage Banking. The Banking segment offers commercial banking products, including working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; industrial revenue bond financing; ESOP financing; business acquisition loans; owner occupied real estate loans; asset-based loans; and financial, performance, and commercial letters of credit.
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