MB Financial Inc. (NASDAQ:MBFI) declared a quarterly dividend on Friday, May 26th, Wall Street Journal reports. Investors of record on Thursday, June 15th will be paid a dividend of 0.21 per share by the bank on Friday, June 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, June 13th. This is a positive change from MB Financial’s previous quarterly dividend of $0.19.
Shares of MB Financial (MBFI) traded up 1.42% during trading on Monday, hitting $45.02. The company had a trading volume of 67,780 shares. MB Financial has a 52-week low of $32.72 and a 52-week high of $48.47. The stock’s 50-day moving average is $42.70 and its 200 day moving average is $44.09. The firm has a market capitalization of $3.77 billion, a P/E ratio of 19.99 and a beta of 1.16.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Thursday, April 27th. The bank reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. MB Financial had a net margin of 19.64% and a return on equity of 8.37%. The business had revenue of $234.82 million during the quarter, compared to analysts’ expectations of $240.47 million. During the same period last year, the company posted $0.54 EPS. Equities research analysts predict that MB Financial will post $2.64 earnings per share for the current fiscal year.
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In other MB Financial news, VP Jill E. York sold 5,000 shares of MB Financial stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $42.30, for a total value of $211,500.00. Following the completion of the sale, the vice president now directly owns 71,525 shares of the company’s stock, valued at approximately $3,025,507.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James N. Hallene sold 4,877 shares of MB Financial stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $44.40, for a total transaction of $216,538.80. Following the completion of the sale, the director now directly owns 25,339 shares of the company’s stock, valued at $1,125,051.60. The disclosure for this sale can be found here. Insiders sold a total of 21,702 shares of company stock valued at $943,609 over the last ninety days. 4.93% of the stock is owned by corporate insiders.
A number of research analysts have recently weighed in on MBFI shares. Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, April 11th. Jefferies Group LLC reissued a “hold” rating and set a $48.00 price objective on shares of MB Financial in a research note on Sunday. ValuEngine cut shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Keefe, Bruyette & Woods set a $46.00 price objective on shares of MB Financial and gave the stock a “hold” rating in a research note on Monday, April 3rd. Finally, Macquarie began coverage on shares of MB Financial in a research note on Friday, February 17th. They set an “outperform” rating and a $52.00 price objective for the company. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. MB Financial currently has a consensus rating of “Hold” and a consensus target price of $46.50.
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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