Analysts forecast that MB Financial Inc (NASDAQ:MBFI) will announce sales of $246.10 million for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for MB Financial’s earnings, with the highest sales estimate coming in at $252.70 million and the lowest estimate coming in at $239.00 million. MB Financial posted sales of $234.82 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.8%. The business is expected to announce its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that MB Financial will report full-year sales of $246.10 million for the current financial year, with estimates ranging from $1.01 billion to $1.07 billion. For the next year, analysts anticipate that the firm will report sales of $1.10 billion per share, with estimates ranging from $1.05 billion to $1.14 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover MB Financial.
MB Financial (NASDAQ:MBFI) last released its earnings results on Thursday, January 25th. The bank reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.10). MB Financial had a return on equity of 8.11% and a net margin of 29.25%. The business had revenue of $242.71 million during the quarter, compared to analysts’ expectations of $251.78 million. During the same quarter in the previous year, the business earned $0.59 EPS.
In other news, insider Mark A. Heckler sold 13,804 shares of the firm’s stock in a transaction 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 owns 55,236 shares in the company, valued at $2,554,665. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.93% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Aperio Group LLC increased its stake in shares of MB Financial by 5.3% during the fourth quarter. Aperio Group LLC now owns 23,579 shares of the bank’s stock valued at $1,050,000 after buying an additional 1,179 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in MB Financial by 2.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 48,640 shares of the bank’s stock valued at $2,190,000 after purchasing an additional 1,291 shares during the last quarter. New York State Common Retirement Fund grew its stake in MB Financial by 0.7% in the third quarter. New York State Common Retirement Fund now owns 177,181 shares of the bank’s stock valued at $7,977,000 after purchasing an additional 1,296 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in MB Financial by 40.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,568 shares of the bank’s stock valued at $203,000 after purchasing an additional 1,313 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in MB Financial by 11.5% in the third quarter. Pacer Advisors Inc. now owns 12,812 shares of the bank’s stock valued at $577,000 after purchasing an additional 1,325 shares during the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.
MB Financial (NASDAQ MBFI) traded down $0.03 during mid-day trading on Tuesday, reaching $42.06. The company’s stock had a trading volume of 371,700 shares, compared to its average volume of 397,127. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.88 and a current ratio of 0.91. MB Financial has a twelve month low of $38.28 and a twelve month high of $47.64. The stock has a market capitalization of $3,532.10, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.43 and a beta of 1.03.
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MB Financial Company Profile
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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