MB Financial Inc (NASDAQ:MBFI) – Equities research analysts at Jefferies Group lowered their Q2 2017 earnings per share (EPS) estimates for shares of MB Financial in a research note issued to investors on Monday, Zacks Investment Research reports. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings of $0.63 per share for the quarter, down from their prior estimate of $0.66. Jefferies Group has a “Hold” rating and a $48.00 price objective on the stock. Jefferies Group also issued estimates for MB Financial’s Q3 2017 earnings at $0.68 EPS and Q4 2017 earnings at $0.66 EPS.
Other equities research analysts also recently issued research reports about the company. 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. Keefe, Bruyette & Woods set a $46.00 price objective on MB Financial and gave the company a “hold” rating in a report on Monday, April 3rd. Finally, Macquarie initiated coverage on MB Financial in a report on Friday, February 17th. They issued an “outperform” rating and a $52.00 price objective for the company. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $45.81.
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MB Financial (NASDAQ:MBFI) traded up 0.21% during trading on Thursday, hitting $43.23. The company had a trading volume of 216,488 shares. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 19.20 and a beta of 1.14. MB Financial has a 12-month low of $32.72 and a 12-month high of $48.47. The firm has a 50-day moving average of $42.27 and a 200 day moving average of $43.57.
MB Financial (NASDAQ:MBFI) last released its earnings results on Thursday, April 27th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm 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 period in the previous year, the company earned $0.54 earnings per share.
In other MB Financial news, Director Karen J. May sold 4,924 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $45.46, for a total value of $223,845.04. Following the completion of the transaction, the director now directly owns 1,794 shares of the company’s stock, valued at $81,555.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James N. Hallene sold 9,258 shares of the business’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $45.00, for a total value of $416,610.00. Following the completion of the transaction, the director now directly owns 23,247 shares of the company’s stock, valued at $1,046,115. The disclosure for this sale can be found here. 7.05% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors boosted its position in MB Financial by 211.3% in the third quarter. Nationwide Fund Advisors now owns 177,685 shares of the bank’s stock valued at $6,759,000 after buying an additional 120,601 shares in the last quarter. Peregrine Capital Management LLC purchased a new position in MB Financial during the third quarter valued at $7,791,000. Channing Capital Management LLC boosted its position in MB Financial by 0.5% in the third quarter. Channing Capital Management LLC now owns 1,455,179 shares of the bank’s stock valued at $55,355,000 after buying an additional 7,784 shares in the last quarter. Huntington National Bank purchased a new position in MB Financial during the third quarter valued at $892,000. Finally, Mutual of America Capital Management LLC boosted its position in MB Financial by 61.4% in the third quarter. Mutual of America Capital Management LLC now owns 142,947 shares of the bank’s stock valued at $5,438,000 after buying an additional 54,361 shares in the last quarter. 70.09% of the stock is owned by institutional investors.
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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