MB Financial Inc (NASDAQ:MBFI) – Investment analysts at DA Davidson issued their FY2020 earnings per share (EPS) estimates for shares of MB Financial in a research report issued to clients and investors on Wednesday, January 23rd, Zacks Investment Research reports. DA Davidson analyst K. Reevey expects that the bank will earn $3.93 per share for the year.
MB Financial (NASDAQ:MBFI) last issued its earnings results on Tuesday, January 22nd. The bank reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.03. The company 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 period in the prior year, the company earned $0.53 earnings per share.
Other analysts have also recently issued reports about the stock. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Zacks Investment Research raised shares of MB Financial from a “sell” rating to a “hold” rating in a report on Friday, January 4th. Finally, Raymond James raised shares of MB Financial from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. MB Financial presently has a consensus rating of “Hold” and a consensus price target of $50.40.
Shares of NASDAQ:MBFI traded up $0.64 on Monday, reaching $45.99. 335,000 shares of the company’s stock were exchanged, compared to its average volume of 475,438. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.30 and a beta of 1.02. MB Financial has a fifty-two week low of $37.13 and a fifty-two week high of $51.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87.
Institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new position in shares of MB Financial during the fourth quarter worth about $2,911,000. Bank of Montreal Can grew its position in shares of MB Financial by 4.7% during the third quarter. Bank of Montreal Can now owns 61,679 shares of the bank’s stock worth $2,844,000 after acquiring an additional 2,759 shares during the last quarter. Vanguard Group Inc. grew its position in shares of MB Financial by 1.8% during the third quarter. Vanguard Group Inc. now owns 7,405,030 shares of the bank’s stock worth $341,446,000 after acquiring an additional 133,089 shares during the last quarter. IndexIQ Advisors LLC grew its position in shares of MB Financial by 5.4% during the third quarter. IndexIQ Advisors LLC now owns 223,219 shares of the bank’s stock worth $10,293,000 after acquiring an additional 11,380 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in MB Financial by 37.9% in the 4th quarter. Meeder Asset Management Inc. now owns 53,983 shares of the bank’s stock valued at $2,139,000 after buying an additional 14,849 shares in the last quarter. Institutional investors and hedge funds own 73.02% of the company’s stock.
About MB Financial
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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