MB Financial Inc (MBFI) Expected to Announce Quarterly Sales of $241.37 Million

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Equities analysts predict that MB Financial Inc (NASDAQ:MBFI) will post sales of $241.37 million for the current quarter, according to Zacks. Seven analysts have made estimates for MB Financial’s earnings, with the highest sales estimate coming in at $251.50 million and the lowest estimate coming in at $235.40 million. MB Financial posted sales of $239.51 million in the same quarter last year, which suggests a positive year over year growth rate of 0.8%. The firm is expected to issue its next earnings report on Thursday, July 19th.

On average, analysts expect that MB Financial will report full year sales of $971.81 million for the current financial year, with estimates ranging from $963.00 million to $988.00 million. For the next year, analysts anticipate that the firm will post sales of $999.24 million per share, with estimates ranging from $988.20 million to $1.01 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow MB Financial.

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

Several research firms recently commented on MBFI. SunTrust Banks downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a report on Friday, June 1st. DA Davidson raised their price objective on shares of MB Financial to $54.20 in a report on Tuesday, May 22nd. BidaskClub downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a report on Monday, May 14th. ValuEngine downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a report on Monday. Finally, Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Friday, April 27th. Eleven analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $47.91.

In other MB Financial news, VP Jill E. York sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $50.90, for a total value of $254,500.00. Following the sale, the vice president now directly owns 67,791 shares in the company, valued at approximately $3,450,561.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Karen J. May sold 4,364 shares of the stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $50.20, for a total transaction of $219,072.80. Following the completion of the sale, the director now owns 5,795 shares in the company, valued at $290,909. The disclosure for this sale can be found here. 2.69% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of MBFI. Advisor Group Inc. lifted its stake in MB Financial by 93.4% in the 4th quarter. Advisor Group Inc. now owns 2,940 shares of the bank’s stock worth $131,000 after purchasing an additional 1,420 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in MB Financial in the 4th quarter worth approximately $169,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in MB Financial by 40.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,568 shares of the bank’s stock worth $203,000 after purchasing an additional 1,313 shares in the last quarter. Zeke Capital Advisors LLC purchased a new stake in MB Financial in the 4th quarter worth approximately $220,000. Finally, Signition LP purchased a new stake in MB Financial in the 1st quarter worth approximately $244,000. Institutional investors and hedge funds own 75.72% of the company’s stock.

Shares of MB Financial stock traded down $0.32 on Friday, reaching $49.71. 665,800 shares of the company traded hands, compared to its average volume of 580,561. MB Financial has a 52 week low of $38.28 and a 52 week high of $51.59. The company has a market capitalization of $4.26 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.68 and a beta of 1.05. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.38.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, June 14th. MB Financial’s dividend payout ratio (DPR) is presently 40.17%.

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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