SunTrust Banks Weighs in on MB Financial Inc’s Q4 2018 Earnings (MBFI)

MB Financial Inc (NASDAQ:MBFI) – SunTrust Banks issued their Q4 2018 earnings per share estimates for shares of MB Financial in a research note issued to investors on Tuesday, January 8th. SunTrust Banks analyst M. Young expects that the bank will post earnings of $0.70 per share for the quarter.

MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.15). MB Financial had a return on equity of 7.48% and a net margin of 26.11%. The business had revenue of $241.69 million for the quarter, compared to analysts’ expectations of $238.85 million. During the same period in the previous year, the business posted $0.72 earnings per share.

Several other research analysts also recently issued reports on MBFI. Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Thursday, September 20th. BidaskClub upgraded shares of MB Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, October 5th. Finally, Raymond James upgraded shares of MB Financial from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 31st. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $48.20.

Shares of MB Financial stock opened at $41.74 on Thursday. MB Financial has a 1 year low of $37.13 and a 1 year high of $51.59. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.21. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 1.20 and a beta of 1.04.

Several hedge funds have recently added to or reduced their stakes in MBFI. FMR LLC acquired a new stake in shares of MB Financial in the 3rd quarter worth $109,000. Wolverine Asset Management LLC acquired a new stake in shares of MB Financial in the second quarter valued at about $172,000. Trilogy Capital Inc. acquired a new stake in shares of MB Financial in the third quarter valued at about $195,000. Nomura Holdings Inc. acquired a new stake in shares of MB Financial in the second quarter valued at about $252,000. Finally, Commonwealth Bank of Australia acquired a new stake in shares of MB Financial in the third quarter valued at about $262,000. Institutional investors own 74.34% of the company’s stock.

In other news, insider Brian J. Wildman sold 14,683 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $45.10, for a total value of $662,203.30. Following the completion of the sale, the insider now owns 29,260 shares in the company, valued at approximately $1,319,626. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.69% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Friday, December 14th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, December 13th. MB Financial’s dividend payout ratio (DPR) is presently 40.17%.

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 in the United States. The company operates through three segments: Banking, Leasing, and Mortgage Banking. The Banking segment offers commercial banking products, including working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; industrial revenue bond financing; ESOP financing; business acquisition loans; owner occupied real estate loans; asset-based loans; and financial, performance, and commercial letters of credit.

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