News headlines about MB Financial (NASDAQ:MBFI) have trended positive on Thursday, AlphaOne Sentiment reports. AlphaOne, a service of Accern, ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MB Financial earned a news impact score of 0.27 on AlphaOne’s scale. AlphaOne also assigned news articles about the bank an impact score of 51 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted AlphaOne’s scoring:
MB Financial (NASDAQ MBFI) traded up 3.37% during trading on Thursday, reaching $42.91. The company’s stock had a trading volume of 503,797 shares. MB Financial has a 1-year low of $32.72 and a 1-year high of $48.47. The stock has a 50 day moving average price of $42.46 and a 200 day moving average price of $44.09. The stock has a market capitalization of $3.59 billion, a PE ratio of 19.05 and a beta of 1.14.
MB Financial (NASDAQ:MBFI) last posted its quarterly earnings results on Thursday, April 27th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $234.82 million for the quarter, compared to analyst estimates of $240.47 million. MB Financial had a return on equity of 8.33% and a net margin of 18.78%. During the same quarter last year, the company earned $0.54 EPS. Analysts anticipate that MB Financial will post $2.64 earnings per share for the current fiscal year.
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 given a $0.21 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.84 dividend on an annualized basis and a yield of 1.96%. This is a positive change from MB Financial’s previous quarterly dividend of $0.19. MB Financial’s dividend payout ratio (DPR) is currently 35.68%.
MBFI has been the subject of several research analyst reports. Zacks Investment Research upgraded MB Financial from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, April 11th. ValuEngine downgraded MB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $48.00 target price on shares of MB Financial in a research report on Tuesday, April 4th. Keefe, Bruyette & Woods set a $46.00 price target on MB Financial and gave the company a “hold” rating in a research note on Monday, April 3rd. Finally, Macquarie assumed coverage on MB Financial in a research note on Friday, February 17th. They set an “outperform” rating and a $52.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. MB Financial has an average rating of “Hold” and an average price target of $45.81.
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In other MB Financial news, insider Mitchell Feiger sold 11,825 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $43.60, for a total value of $515,570.00. Following the sale, the insider now owns 140,724 shares of the company’s stock, valued at approximately $6,135,566.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jill E. York sold 5,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $3,025,507.50. The disclosure for this sale can be found here. 7.05% of the stock is owned by company insiders.
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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