MB Financial (MBFI) Given “Hold” Rating at Piper Jaffray

Piper Jaffray restated their hold rating on shares of MB Financial (NASDAQ:MBFI) in a report issued on Friday. Piper Jaffray currently has a $44.00 price objective on the bank’s stock. Piper Jaffray also issued estimates for MB Financial’s Q1 2018 earnings at $0.65 EPS, Q2 2018 earnings at $0.74 EPS, Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.77 EPS, FY2018 earnings at $2.91 EPS, Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.81 EPS, Q3 2019 earnings at $0.83 EPS, Q4 2019 earnings at $0.83 EPS and FY2019 earnings at $3.22 EPS.

A number of other research firms have also commented on MBFI. BidaskClub lowered shares of MB Financial from a hold rating to a sell rating in a research report on Tuesday, December 12th. Zacks Investment Research lowered shares of MB Financial from a buy rating to a hold rating in a report on Tuesday, January 30th. Hovde Group set a $49.00 target price on shares of MB Financial and gave the company a hold rating in a report on Friday, January 12th. SunTrust Banks reissued a buy rating and issued a $52.00 target price on shares of MB Financial in a report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $49.00 target price on shares of MB Financial in a report on Friday, December 22nd. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. MB Financial currently has an average rating of Hold and an average price target of $46.75.

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NASDAQ:MBFI traded down $1.25 during mid-day trading on Friday, reaching $40.37. 364,634 shares of the company’s stock were exchanged, compared to its average volume of 455,937. MB Financial has a one year low of $38.28 and a one year high of $47.64. The firm has a market cap of $3,506.99, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.40 and a beta of 1.03. 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 (NASDAQ:MBFI) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.53 EPS 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 for the quarter, compared to the consensus estimate of $251.78 million. During the same period in the prior year, the business posted $0.59 earnings per share. sell-side analysts anticipate that MB Financial will post 2.83 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were issued a $0.24 dividend. This is a positive change from MB Financial’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Wednesday, March 14th. MB Financial’s dividend payout ratio (DPR) is currently 40.17%.

A number of hedge funds have recently added to or reduced their stakes in MBFI. Nationwide Fund Advisors increased its holdings in MB Financial by 9.3% in the 3rd quarter. Nationwide Fund Advisors now owns 206,193 shares of the bank’s stock valued at $9,283,000 after buying an additional 17,544 shares during the period. New York State Common Retirement Fund grew its holdings in shares of MB Financial by 0.7% during the 3rd 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. Great West Life Assurance Co. Can grew its holdings in shares of MB Financial by 15.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 49,340 shares of the bank’s stock valued at $2,216,000 after purchasing an additional 6,686 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of MB Financial by 20.6% during the 3rd quarter. Legal & General Group Plc now owns 74,657 shares of the bank’s stock valued at $3,364,000 after purchasing an additional 12,765 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of MB Financial by 17.6% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,229 shares of the bank’s stock valued at $551,000 after purchasing an additional 1,829 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for MB Financial (NASDAQ:MBFI)

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