MB Financial Inc. (MBFI) Expected to Post Quarterly Sales of $252.57 Million

Analysts expect MB Financial Inc. (NASDAQ:MBFI) to announce $252.57 million in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for MB Financial’s earnings. The lowest sales estimate is $245.90 million and the highest is $256.20 million. MB Financial posted sales of $238.04 million in the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The firm is scheduled to announce its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that MB Financial will report full year sales of $252.57 million for the current year, with estimates ranging from $971.30 million to $1.00 billion. For the next year, analysts expect that the firm will report sales of $1.06 billion per share, with estimates ranging from $1.03 billion to $1.08 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover MB Financial.

MB Financial (NASDAQ:MBFI) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.08. MB Financial had a return on equity of 8.40% and a net margin of 20.21%. The firm had revenue of $252.21 million during the quarter, compared to the consensus estimate of $253.15 million. During the same period last year, the company earned $0.61 earnings per share.

MBFI has been the subject of several analyst reports. Jefferies Group LLC restated a “hold” rating and set a $48.00 price target on shares of MB Financial in a report on Friday, September 15th. Zacks Investment Research downgraded MB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $45.00 price target on shares of MB Financial in a report on Tuesday, October 3rd. Piper Jaffray Companies restated a “hold” rating and set a $44.00 price target on shares of MB Financial in a report on Thursday, October 19th. Finally, BidaskClub downgraded MB Financial from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $47.63.

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Shares of MB Financial (MBFI) traded up $0.45 during trading hours on Friday, hitting $44.07. The stock had a trading volume of 288,003 shares, compared to its average volume of 350,510. MB Financial has a 1 year low of $38.28 and a 1 year high of $48.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.84. The company has a market capitalization of $3,697.21, a P/E ratio of 17.99, a PEG ratio of 1.70 and a beta of 1.21.

In related news, Director Ronald D. Santo sold 2,542 shares of MB Financial stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $39.78, for a total value of $101,120.76. Following the completion of the sale, the director now directly owns 59,505 shares in the company, valued at approximately $2,367,108.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.93% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MBFI. Riverhead Capital Management LLC increased its holdings in MB Financial by 50.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,560 shares of the bank’s stock worth $113,000 after buying an additional 860 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in MB Financial by 20.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock worth $143,000 after buying an additional 556 shares in the last quarter. PNC Financial Services Group Inc. grew its stake 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. World Asset Management Inc bought a new stake in shares of MB Financial during the 2nd quarter valued at about $201,000. Finally, HighPoint Advisor Group LLC bought a new stake in shares of MB Financial during the 3rd quarter valued at about $208,000. Institutional investors own 74.12% of the company’s stock.

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.

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

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