Jefferies Group Analysts Decrease Earnings Estimates for MB Financial Inc. (MBFI)

MB Financial Inc. (NASDAQ:MBFI) – Analysts at Jefferies Group dropped their Q3 2017 earnings per share (EPS) estimates for shares of MB Financial in a research note issued to investors on Monday. Jefferies Group analyst C. Haire now forecasts that the bank will post earnings per share of $0.65 for the quarter, down from their previous forecast of $0.66. Jefferies Group currently has a “Hold” rating and a $48.00 price target on the stock. Jefferies Group also issued estimates for MB Financial’s FY2018 earnings at $2.75 EPS.

MB Financial (NASDAQ:MBFI) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.10). The company had revenue of $239.51 million during the quarter, compared to the consensus estimate of $247.39 million. MB Financial had a return on equity of 7.99% and a net margin of 19.12%. During the same period last year, the firm posted $0.58 EPS.

TRADEMARK VIOLATION WARNING: “Jefferies Group Analysts Decrease Earnings Estimates for MB Financial Inc. (MBFI)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/10/jefferies-group-analysts-decrease-earnings-estimates-for-mb-financial-inc-mbfi.html.

Several other research analysts also recently weighed in on MBFI. Zacks Investment Research downgraded shares of MB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $45.00 price target on shares of MB Financial in a research report on Tuesday, August 29th. Hovde Group decreased their price target on shares of MB Financial from $49.00 to $45.00 and set a “market perform” rating on the stock in a research report on Monday, July 24th. Piper Jaffray Companies downgraded shares of MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 price target on the stock. in a research report on Monday, July 24th. Finally, BidaskClub downgraded shares of MB Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. MB Financial has an average rating of “Hold” and a consensus target price of $47.56.

Shares of MB Financial (MBFI) opened at 45.45 on Tuesday. The company has a 50 day moving average of $41.94 and a 200-day moving average of $42.17. The company has a market cap of $3.81 billion, a PE ratio of 20.73 and a beta of 1.18. MB Financial has a 12-month low of $35.00 and a 12-month high of $48.47.

Several hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas raised its position in shares of MB Financial by 0.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 6,381 shares of the bank’s stock valued at $281,000 after purchasing an additional 41 shares during the period. Capstone Asset Management Co. raised its position in shares of MB Financial by 1.6% during the 2nd quarter. Capstone Asset Management Co. now owns 5,018 shares of the bank’s stock valued at $221,000 after purchasing an additional 80 shares during the period. First National Bank of Omaha raised its position in shares of MB Financial by 0.4% during the 2nd quarter. First National Bank of Omaha now owns 39,275 shares of the bank’s stock valued at $1,730,000 after purchasing an additional 160 shares during the period. Suntrust Banks Inc. raised its position in shares of MB Financial by 4.0% during the 2nd quarter. Suntrust Banks Inc. now owns 5,162 shares of the bank’s stock valued at $226,000 after purchasing an additional 200 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of MB Financial by 8.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock valued at $144,000 after purchasing an additional 262 shares during the period. Hedge funds and other institutional investors own 74.75% of the company’s stock.

In other MB Financial news, Director Ronald D. Santo sold 2,542 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $39.78, for a total value of $101,120.76. Following the transaction, the director now directly owns 59,505 shares in the company, valued at $2,367,108.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.93% of the stock is currently owned by company insiders.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.84 annualized dividend and a yield of 1.85%. MB Financial’s payout ratio is presently 38.36%.

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 offi

MB Financial Inc. (NASDAQ:MBFI) – Analysts at Jefferies Group dropped their Q3 2017 earnings per share (EPS) estimates for shares of MB Financial in a research note issued to investors on Monday. Jefferies Group analyst C. Haire now forecasts that the bank will post earnings per share of $0.65 for the quarter, down from their previous forecast of $0.66. Jefferies Group currently has a “Hold” rating and a $48.00 price target on the stock. Jefferies Group also issued estimates for MB Financial’s FY2018 earnings at $2.75 EPS.

MB Financial (NASDAQ:MBFI) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.10). The company had revenue of $239.51 million during the quarter, compared to the consensus estimate of $247.39 million. MB Financial had a return on equity of 7.99% and a net margin of 19.12%. During the same period last year, the firm posted $0.58 EPS.

TRADEMARK VIOLATION WARNING: “Jefferies Group Analysts Decrease Earnings Estimates for MB Financial Inc. (MBFI)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/10/jefferies-group-analysts-decrease-earnings-estimates-for-mb-financial-inc-mbfi.html.

Several other research analysts also recently weighed in on MBFI. Zacks Investment Research downgraded shares of MB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $45.00 price target on shares of MB Financial in a research report on Tuesday, August 29th. Hovde Group decreased their price target on shares of MB Financial from $49.00 to $45.00 and set a “market perform” rating on the stock in a research report on Monday, July 24th. Piper Jaffray Companies downgraded shares of MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 price target on the stock. in a research report on Monday, July 24th. Finally, BidaskClub downgraded shares of MB Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. MB Financial has an average rating of “Hold” and a consensus target price of $47.56.

Shares of MB Financial (MBFI) opened at 45.45 on Tuesday. The company has a 50 day moving average of $41.94 and a 200-day moving average of $42.17. The company has a market cap of $3.81 billion, a PE ratio of 20.73 and a beta of 1.18. MB Financial has a 12-month low of $35.00 and a 12-month high of $48.47.

Several hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas raised its position in shares of MB Financial by 0.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 6,381 shares of the bank’s stock valued at $281,000 after purchasing an additional 41 shares during the period. Capstone Asset Management Co. raised its position in shares of MB Financial by 1.6% during the 2nd quarter. Capstone Asset Management Co. now owns 5,018 shares of the bank’s stock valued at $221,000 after purchasing an additional 80 shares during the period. First National Bank of Omaha raised its position in shares of MB Financial by 0.4% during the 2nd quarter. First National Bank of Omaha now owns 39,275 shares of the bank’s stock valued at $1,730,000 after purchasing an additional 160 shares during the period. Suntrust Banks Inc. raised its position in shares of MB Financial by 4.0% during the 2nd quarter. Suntrust Banks Inc. now owns 5,162 shares of the bank’s stock valued at $226,000 after purchasing an additional 200 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of MB Financial by 8.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock valued at $144,000 after purchasing an additional 262 shares during the period. Hedge funds and other institutional investors own 74.75% of the company’s stock.

In other MB Financial news, Director Ronald D. Santo sold 2,542 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $39.78, for a total value of $101,120.76. Following the transaction, the director now directly owns 59,505 shares in the company, valued at $2,367,108.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.93% of the stock is currently owned by company insiders.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.84 annualized dividend and a yield of 1.85%. MB Financial’s payout ratio is presently 38.36%.

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.

Earnings History and Estimates for MB Financial (NASDAQ:MBFI)

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