MB Financial Inc. (NASDAQ:MBFI) announced a quarterly dividend on Wednesday, November 29th, NASDAQ reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.21 per share by the bank on Friday, December 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, December 14th.
Shares of MB Financial (MBFI) traded down $0.58 on Friday, hitting $44.94. The stock had a trading volume of 264,881 shares, compared to its average volume of 315,876. The company has a market cap of $3,818.86, a P/E ratio of 18.58, a PEG ratio of 1.76 and a beta of 1.19. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. MB Financial has a 12-month low of $38.28 and a 12-month high of $48.47.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.08. The firm had revenue of $252.21 million during the quarter, compared to the consensus estimate of $253.15 million. MB Financial had a return on equity of 8.40% and a net margin of 20.21%. During the same quarter last year, the company posted $0.61 EPS. equities research analysts expect that MB Financial will post 2.47 EPS for the current year.
In other news, insider Mark A. Heckler sold 13,804 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $46.25, for a total transaction of $638,435.00. Following the transaction, the insider now directly owns 55,236 shares of the company’s stock, valued at $2,554,665. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jill E. York sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $44.60, for a total value of $223,000.00. Following the transaction, the vice president now directly owns 65,430 shares in the company, valued at $2,918,178. The disclosure for this sale can be found here. 7.05% of the stock is currently owned by insiders.
A number of analysts recently weighed in on MBFI shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $45.00 target price on shares of MB Financial in a research report on Tuesday, August 29th. SunTrust Banks set a $48.00 price target on MB Financial and gave the stock a “buy” rating in a research note on Friday, October 20th. Jefferies Group reaffirmed a “hold” rating and issued a $48.00 price target on shares of MB Financial in a research note on Friday, September 15th. Zacks Investment Research raised MB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $44.00 price target on shares of MB Financial in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. MB Financial presently has an average rating of “Hold” and an average target price of $47.63.
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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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