MB Financial (MBFI) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of MB Financial (NASDAQ:MBFI) from a hold rating to a sell rating in a report published on Friday morning.

According to Zacks, “MB Financial, Inc. is a bank holding company which conducts a commercial banking business through Manufacturers Bank. “

Separately, BidaskClub cut shares of MB Financial from a hold rating to a sell rating in a report on Thursday, June 28th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock presently has an average rating of Hold and an average price target of $48.31.

Shares of MB Financial stock traded down $0.07 on Friday, hitting $42.89. The company had a trading volume of 677,104 shares, compared to its average volume of 604,749. The stock has a market capitalization of $3.62 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.46 and a beta of 1.03. MB Financial has a twelve month low of $39.15 and a twelve month high of $51.59. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.21.

MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.15). The company had revenue of $241.69 million during the quarter, compared to analyst estimates of $238.85 million. MB Financial had a net margin of 26.11% and a return on equity of 7.48%. During the same quarter last year, the company earned $0.72 EPS. Equities analysts anticipate that MB Financial will post 2.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, September 13th. MB Financial’s dividend payout ratio (DPR) is presently 40.17%.

In other news, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $48.75, for a total value of $243,750.00. Following the completion of the transaction, the vice president now owns 62,691 shares in the company, valued at $3,056,186.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.69% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in MBFI. Wolverine Asset Management LLC acquired a new position in MB Financial during the second quarter worth $172,000. Gideon Capital Advisors Inc. acquired a new position in MB Financial during the second quarter worth $219,000. Nomura Holdings Inc. acquired a new position in MB Financial during the second quarter worth $252,000. ING Groep NV acquired a new position in MB Financial during the second quarter worth $420,000. Finally, Xact Kapitalforvaltning AB boosted its holdings in MB Financial by 56.7% during the first quarter. Xact Kapitalforvaltning AB now owns 11,881 shares of the bank’s stock worth $481,000 after purchasing an additional 4,300 shares during the last quarter. Institutional investors own 74.03% 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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