MB Financial Inc. (NASDAQ:MBFI) is scheduled to be releasing its earnings data after the market closes on Thursday, October 20th. Analysts expect MB Financial to post earnings of $0.59 per share for the quarter.
MB Financial Inc. (NASDAQ:MBFI) opened at 37.55 on Wednesday. The firm has a market cap of $2.76 billion, a PE ratio of 17.54 and a beta of 1.06. MB Financial Inc. has a 12-month low of $27.98 and a 12-month high of $39.50. The stock has a 50 day moving average of $38.08 and a 200 day moving average of $36.51.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a $0.19 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.02%. MB Financial’s payout ratio is currently 35.68%.
In other MB Financial news, insider Brian J. Wildman sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $38.42, for a total transaction of $153,680.00. Following the completion of the transaction, the insider now owns 31,155 shares in the company, valued at approximately $1,196,975.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Rose Marie Bouman sold 1,424 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $38.67, for a total transaction of $55,066.08. Following the transaction, the insider now owns 67,463 shares of the company’s stock, valued at approximately $2,608,794.21. The disclosure for this sale can be found here. Company insiders own 7.05% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. purchased a new position in MB Financial during the second quarter valued at about $209,000. Trexquant Investment LP purchased a new position in MB Financial during the second quarter valued at about $407,000. Profund Advisors LLC raised its position in MB Financial by 2.4% in the second quarter. Profund Advisors LLC now owns 15,416 shares of the company’s stock valued at $559,000 after buying an additional 355 shares during the last quarter. Barclays PLC raised its position in MB Financial by 90.5% in the second quarter. Barclays PLC now owns 15,944 shares of the company’s stock valued at $578,000 after buying an additional 7,575 shares during the last quarter. Finally, BlackRock Inc. raised its position in MB Financial by 261.2% in the second quarter. BlackRock Inc. now owns 18,624 shares of the company’s stock valued at $676,000 after buying an additional 13,468 shares during the last quarter. Hedge funds and other institutional investors own 64.20% of the company’s stock.
A number of equities research analysts have recently weighed in on MBFI shares. Zacks Investment Research upgraded shares of MB Financial from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Friday, October 7th. Sandler O’Neill downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of MB Financial in a research report on Saturday, July 9th. JMP Securities began coverage on shares of MB Financial in a research report on Friday, September 16th. They set a “market perform” rating on the stock. Finally, DA Davidson lifted their target price on shares of MB Financial from $39.19 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 26th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. MB Financial currently has an average rating of “Hold” and an average price target of $36.28.
MB Financial Company Profile
MB Financial, Inc is a financial holding company. The Company, through its bank subsidiary, MB Financial Bank, N.A., offers a range of financial services to small and middle market businesses, and individuals. The Company’s segments include banking, leasing and mortgage banking. Its banking segment includes lending and deposit gathering activities.
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