The Jefferies Group Comments on MB Financial Inc.’s FY2016 Earnings (MBFI)

The Jefferies Group Comments on MB Financial Inc.’s FY2016 Earnings (MBFI)

MB Financial Inc. (NASDAQ:MBFI) – Equities research analysts at Jefferies Group raised their FY2016 EPS estimates for MB Financial in a report issued on Thursday. Jefferies Group analyst C. Haire now expects that the firm will earn $2.39 per share for the year, up from their prior forecast of $2.33. Jefferies Group also issued estimates for MB Financial’s Q4 2016 earnings at $0.61 EPS, Q1 2017 earnings at $0.60 EPS, Q2 2017 earnings at $0.64 EPS, Q3 2017 earnings at $0.64 EPS and FY2017 earnings at $2.55 EPS.

Several other research analysts also recently commented on MBFI. JPMorgan Chase & Co. lifted their target price on MB Financial from $35.50 to $36.50 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Zacks Investment Research raised MB Financial from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Saturday, July 9th. DA Davidson lifted their target price on MB Financial from $39.19 to $43.00 and gave the stock a “neutral” rating in a report on Friday, August 26th. Sandler O’Neill downgraded MB Financial from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Finally, JMP Securities assumed coverage on MB Financial in a research note on Friday, September 16th. They issued a “market perform” rating on the stock. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.28.

MB Financial (NASDAQ:MBFI) opened at 36.18 on Monday. The company’s 50-day moving average price is $37.64 and its 200 day moving average price is $36.76. MB Financial has a 12 month low of $27.98 and a 12 month high of $39.50. The firm has a market capitalization of $2.80 billion, a PE ratio of 16.67 and a beta of 1.06.

MB Financial (NASDAQ:MBFI) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. MB Financial had a return on equity of 8.51% and a net margin of 19.32%.

A number of hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in shares of MB Financial by 77.2% in the second quarter. Victory Capital Management Inc. now owns 3,130 shares of the company’s stock worth $114,000 after buying an additional 1,364 shares in the last quarter. BlackRock Inc. raised its stake in shares of MB Financial by 140.4% in the first quarter. BlackRock Inc. now owns 5,156 shares of the company’s stock worth $168,000 after buying an additional 3,011 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of MB Financial during the second quarter worth approximately $209,000. Shelton Capital Management bought a new stake in shares of MB Financial during the second quarter worth approximately $211,000. Finally, Brown Advisory Inc. bought a new stake in shares of MB Financial during the second quarter worth approximately $238,000. 64.60% of the stock is owned by hedge funds and other institutional investors.

In other MB Financial news, Director Thomas H. Harvey sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $37.96, for a total transaction of $759,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jill E. York sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $39.05, for a total value of $195,250.00. Following the sale, the vice president now directly owns 69,889 shares of the company’s stock, valued at $2,729,165.45. The disclosure for this sale can be found here. 7.05% of the stock is owned by corporate insiders.

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