Zacks Investment Research cut shares of MB Financial (NASDAQ:MBFI) from a hold rating to a sell rating in a research note issued to investors on Tuesday.
According to Zacks, “MB Financial, Inc. is a bank holding company which conducts a commercial banking business through Manufacturers Bank. “
Get MB Financial alerts:Separately, BidaskClub lowered shares of MB Financial from a hold rating to a sell rating in a research report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $50.40.
MB Financial stock opened at $45.88 on Tuesday. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 1.33 and a beta of 1.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87. MB Financial has a 52 week low of $37.13 and a 52 week high of $51.59.
MB Financial (NASDAQ:MBFI) last released its earnings results on Tuesday, January 22nd. The bank reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The firm had revenue of $245.19 million for the quarter, compared to analysts’ expectations of $238.95 million. MB Financial had a net margin of 19.58% and a return on equity of 8.06%. During the same quarter last year, the company earned $0.53 EPS. As a group, research analysts forecast that MB Financial will post 3.28 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 8th. Stockholders of record on Friday, March 29th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.09%. MB Financial’s dividend payout ratio (DPR) is 35.56%.
In other news, VP Jill E. York sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $45.65, for a total transaction of $456,500.00. Following the completion of the transaction, the vice president now owns 72,391 shares in the company, valued at approximately $3,304,649.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Brian J. Wildman sold 3,285 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $44.14, for a total transaction of $144,999.90. Following the transaction, the insider now owns 24,940 shares of the company’s stock, valued at approximately $1,100,851.60. The disclosure for this sale can be found here. Company insiders own 2.69% of the company’s stock.
Large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of MB Financial by 3.0% in the fourth quarter. BlackRock Inc. now owns 9,859,271 shares of the bank’s stock worth $390,723,000 after buying an additional 285,569 shares during the period. Vanguard Group Inc. boosted its holdings in shares of MB Financial by 1.8% in the third quarter. Vanguard Group Inc. now owns 7,405,030 shares of the bank’s stock worth $341,446,000 after buying an additional 133,089 shares during the period. Vanguard Group Inc boosted its holdings in shares of MB Financial by 1.8% in the third quarter. Vanguard Group Inc now owns 7,405,030 shares of the bank’s stock worth $341,446,000 after buying an additional 133,089 shares during the period. Water Island Capital LLC boosted its holdings in shares of MB Financial by 8.8% in the fourth quarter. Water Island Capital LLC now owns 1,402,697 shares of the bank’s stock worth $55,589,000 after buying an additional 113,589 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of MB Financial by 3,937.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,331,291 shares of the bank’s stock worth $34,000 after buying an additional 1,298,314 shares during the period. Institutional investors own 73.02% of the company’s stock.
MB Financial Company Profile
MB Financial, Inc operates as a bank holding company for MB Financial Bank, N.A. that provides various financial services to small and middle market businesses, and individuals primarily in Chicago, Illinois metropolitan area. The company operates through three segments: Banking, Leasing, and Mortgage Banking.
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