MB Financial Inc (MBFI) was Initiated by Piper Jaffray to “Overweight”. Piper Jaffray advised their investors in a research report released on Jun 10, 2016.
On the company’s financial health, MB Financial Inc reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Oct 15, 2015. Analyst had a consensus of $0.53.Analysts expectations of $ 204.59.During the same quarter in the previous year, the company posted $0.52 EPS.
MB Financial Inc closed down -0.46 points or -1.27% at $35.81 with 1,97,237 shares getting traded on Thursday. Post opening the session at $35.99, the shares hit an intraday low of $35.36 and an intraday high of $35.99 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Investors should note that on May 27, 2016, MB Financial Inc announced a cash dividend of $0.1900. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.
In a different news, on May 26, 2016, Ronald D Santo (director) sold 5,000 shares at $36.05 per share price. According to the SEC, on May 26, 2016, Jill E York (Vice President and CFO) sold 2,500 shares at $36.12 per share price. On May 4, 2016, Thomas H Harvey (director) sold 12,900 shares at $34.12 per share price, according to the Form-4 filing with the securities and exchange commission.
MB Financial Inc. (MB Financial) is a financial holding company. Through its bank subsidiary MB Financial Bank N.A. (MB Financial Bank) the Company offers financial services to small and middle market businesses and individuals in the markets that it serves. Its primary business segments include banking leasing and mortgage banking. It makes commercial loans to middle market businesses located in the Chicago area. Loan products offered by it are primarily working capital term loans and lines of credit that help its customers finance accounts receivable inventory and equipment. It also offers financial performance and commercial letters of credit. It originates commercial real estate loans that are secured by multi-unit residential property and owner and non-owner occupied commercial and industrial property. Its consumer loan portfolio is focused on indirect vehicle loans through a network of motorcycle power sports recreational vehicles and marine dealers.