Brokerages Expect MB Financial Inc (MBFI) to Announce $0.68 Earnings Per Share

Wall Street analysts expect MB Financial Inc (NASDAQ:MBFI) to announce earnings per share (EPS) of $0.68 for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for MB Financial’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.74. MB Financial reported earnings per share of $0.54 during the same quarter last year, which suggests a positive year-over-year growth rate of 25.9%. The business is expected to issue its next quarterly earnings results on Thursday, July 19th.

According to Zacks, analysts expect that MB Financial will report full-year earnings of $2.90 per share for the current fiscal year, with EPS estimates ranging from $2.82 to $2.98. For the next fiscal year, analysts forecast that the firm will report earnings of $3.32 per share, with EPS estimates ranging from $3.20 to $3.38. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow MB Financial.

MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Tuesday, April 24th. The bank reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The business had revenue of $246.18 million during the quarter, compared to the consensus estimate of $249.16 million. MB Financial had a net margin of 28.85% and a return on equity of 7.52%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS.

Several brokerages recently commented on MBFI. Hovde Group set a $44.00 price objective on shares of MB Financial and gave the company a “hold” rating in a research note on Thursday, February 8th. Zacks Investment Research downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $44.00 price target on shares of MB Financial in a research note on Friday, April 6th. BidaskClub downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Monday, May 14th. Finally, DA Davidson downgraded shares of MB Financial from a “buy” rating to a “neutral” rating in a research note on Friday, January 26th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.91.

Several hedge funds have recently added to or reduced their stakes in MBFI. Summit Trail Advisors LLC raised its stake in shares of MB Financial by 4,271.2% during the first quarter. Summit Trail Advisors LLC now owns 3,247,650 shares of the bank’s stock valued at $3,248,000 after acquiring an additional 3,173,354 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in MB Financial during the first quarter worth $93,037,000. Citadel Advisors LLC raised its stake in MB Financial by 654.6% during the first quarter. Citadel Advisors LLC now owns 379,526 shares of the bank’s stock worth $15,363,000 after buying an additional 329,230 shares during the last quarter. Millennium Management LLC raised its stake in MB Financial by 200.6% during the first quarter. Millennium Management LLC now owns 481,445 shares of the bank’s stock worth $19,489,000 after buying an additional 321,261 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in MB Financial by 17.9% during the first quarter. The Manufacturers Life Insurance Company now owns 1,948,210 shares of the bank’s stock worth $78,864,000 after buying an additional 295,264 shares during the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

Shares of MB Financial opened at $50.31 on Monday, Marketbeat Ratings reports. The company has a market capitalization of $4.28 billion, a P/E ratio of 21.05, a P/E/G ratio of 1.68 and a beta of 1.02. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.38. MB Financial has a one year low of $38.28 and a one year high of $51.33.

MB Financial Company Profile

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

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