MB Financial Inc. (NASDAQ:MBFI) issued its quarterly earnings data on Tuesday. The bank reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.10, Bloomberg Earnings reports. MB Financial had a return on equity of 8.37% and a net margin of 19.64%. During the same quarter last year, the firm posted $0.58 earnings per share.
Shares of MB Financial (NASDAQ MBFI) traded up 0.02% during mid-day trading on Thursday, reaching $42.56. 359,567 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $43.39 and a 200 day moving average of $43.69. MB Financial has a one year low of $35.00 and a one year high of $48.47. The firm has a market capitalization of $3.56 billion, a P/E ratio of 18.90 and a beta of 1.15.
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a $0.21 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from MB Financial’s previous quarterly dividend of $0.19. MB Financial’s payout ratio is 37.33%.
Several equities analysts have commented on MBFI shares. Zacks Investment Research lowered shares of MB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. ValuEngine lowered shares of MB Financial from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Keefe, Bruyette & Woods set a $46.00 price target on shares of MB Financial and gave the company a “hold” rating in a report on Monday, April 3rd. Finally, Wedbush reaffirmed a “neutral” rating and set a $48.00 price target on shares of MB Financial in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. MB Financial presently has a consensus rating of “Hold” and an average target price of $48.57.
In other news, Director James N. Hallene sold 4,877 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $44.40, for a total value of $216,538.80. Following the transaction, the director now owns 25,339 shares in the company, valued at $1,125,051.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jill E. York sold 5,000 shares of the firm’s 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 transaction, the vice president now owns 71,525 shares in the company, valued at approximately $3,025,507.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,702 shares of company stock worth $943,609. 7.05% of the stock is owned by corporate 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.