ValuEngine cut shares of MB Financial Inc (NASDAQ:MBFI) from a buy rating to a hold rating in a report issued on Saturday.
MBFI has been the subject of a number of other reports. Zacks Investment Research upgraded MB Financial from a hold rating to a buy rating and set a $46.00 price objective for the company in a report on Tuesday, April 11th. Macquarie initiated coverage on MB Financial in a report on Friday, February 17th. They set an outperform rating and a $52.00 price objective for the company. Keefe, Bruyette & Woods set a $46.00 price objective on MB Financial and gave the stock a hold rating in a report on Monday, April 3rd. Finally, Jefferies Group LLC reiterated a hold rating and set a $48.00 price objective on shares of MB Financial in a report on Tuesday, April 4th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. MB Financial has a consensus rating of Hold and a consensus price target of $45.81.
Shares of MB Financial (MBFI) traded down 0.50% during midday trading on Friday, hitting $41.88. The company had a trading volume of 257,000 shares. MB Financial has a 12-month low of $32.72 and a 12-month high of $48.47. The firm’s 50-day moving average is $42.48 and its 200-day moving average is $44.10. The firm has a market capitalization of $3.50 billion, a P/E ratio of 18.60 and a beta of 1.14.
MB Financial (NASDAQ:MBFI) last posted its quarterly earnings data on Thursday, April 27th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. The business had revenue of $234.82 million during the quarter, compared to the consensus estimate of $240.47 million. MB Financial had a return on equity of 8.33% and a net margin of 18.78%. During the same period last year, the company earned $0.54 earnings per share. On average, analysts predict that MB Financial will post $2.64 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.01%. This is an increase from MB Financial’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, June 13th. MB Financial’s dividend payout ratio (DPR) is currently 35.68%.
In other MB Financial news, insider Mitchell Feiger sold 11,825 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $43.60, for a total value of $515,570.00. Following the completion of the transaction, the insider now directly owns 140,724 shares in the company, valued at $6,135,566.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.05% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tyers Asset Management LLC acquired a new position in shares of MB Financial during the fourth quarter valued at approximately $124,000. Credit Agricole S A acquired a new position in shares of MB Financial during the fourth quarter valued at approximately $154,000. Elkfork Partners LLC acquired a new position in shares of MB Financial during the fourth quarter valued at approximately $170,000. Pitcairn Co. acquired a new position in shares of MB Financial during the fourth quarter valued at approximately $210,000. Finally, Integre Asset Management LLC acquired a new position in shares of MB Financial during the fourth quarter valued at approximately $210,000. Hedge funds and other institutional investors own 70.09% 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.
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