News stories about MB Financial (NASDAQ:MBFI) have trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. MB Financial earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 42 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- MB Financial Inc. (NASDAQ:MBFI) Trading Volume Significantly Lower (highlightpress.com)
- MB Financial Inc. (NASDAQ:MBFI) Experiences Light Trading Volume (highlightpress.com)
- MB Financial Inc. (NASDAQ:MBFI) Downgraded to “Strong Sell” at BidaskClub (americanbankingnews.com)
- $253.07 Million in Sales Expected for MB Financial Inc. (MBFI) This Quarter (americanbankingnews.com)
- MB Financial Inc. (NASDAQ:MBFI) Expected to Post Q3 2017 Earnings of $0.66 Per Share (americanbankingnews.com)
Shares of MB Financial (NASDAQ:MBFI) traded down 1.59% on Friday, hitting $40.86. The stock had a trading volume of 360,555 shares. MB Financial has a 12 month low of $35.00 and a 12 month high of $48.47. The stock has a 50 day moving average of $43.24 and a 200-day moving average of $43.45. The stock has a market cap of $3.43 billion, a PE ratio of 18.65 and a beta of 1.15.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.10. The firm had revenue of $239.51 million for the quarter, compared to analysts’ expectations of $247.39 million. MB Financial had a net margin of 19.12% and a return on equity of 7.99%. During the same period in the previous year, the firm posted $0.58 EPS. Equities research analysts anticipate that MB Financial will post $2.44 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Tuesday, June 13th. This is a positive change from MB Financial’s previous quarterly dividend of $0.19. MB Financial’s payout ratio is presently 38.36%.
MBFI has been the topic of several recent analyst reports. Zacks Investment Research raised MB Financial from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Tuesday, July 4th. BidaskClub upgraded MB Financial from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Jefferies Group LLC restated a “hold” rating and set a $48.00 price objective on shares of MB Financial in a report on Sunday, June 11th. ValuEngine downgraded MB Financial from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Finally, Keefe, Bruyette & Woods set a $46.00 price target on MB Financial and gave the stock a “hold” rating in a report on Monday, April 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $47.67.
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In related news, Director James N. Hallene sold 4,877 shares of MB Financial stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $44.40, for a total value of $216,538.80. Following the completion of the sale, the director now owns 25,339 shares in the company, valued at approximately $1,125,051.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mitchell Feiger sold 11,825 shares of MB Financial stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $43.60, for a total transaction of $515,570.00. Following the completion of the sale, the insider now owns 140,724 shares of the company’s stock, valued at approximately $6,135,566.40. The disclosure for this sale can be found here. Insiders sold a total of 21,702 shares of company stock valued at $943,609 in the last quarter. 7.05% of the stock is owned by insiders.
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.
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