This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

10 Bank Stocks in the M&A Crosshairs (Update 2)

8. MB Financial

Shares of MB Financial (MBFI) of Chicago closed at $19.50 Friday, pulling back 5% from a year earlier.

The company is one of two Chicago-area franchises mentioned by FIG Partners analyst John Rodis, who says that "there's no doubt the industry needs to consolidate," which Chicago's over 200 community banks being a prime example.

MB Financial had $9.8 billion in total assets as of Dec. 31. The company owes $196 million in TARP money

MB Financial reported 2011 net income available to common shareholders of $28.3 million, or 52 cents a share, improving from $10.1 million, or 19 cents a share, in 2010. The main factor in the operating improvement was a decline in the provision for loan losses to $120.8 million in 2011, from $246.2 million, the previous year.

The 2011 ROA was 0.39% and the ROE was 2.85%.

The shares trade for 1.4 times tangible book value, according to HighlineFI, and for 13 times the consensus 2012 EPS estimate of $1.48.

FIG Partners analyst Brian Martin rates MB Financial "Outperform," with a price target of $21, saying on Jan. 31 that the company achieved a respectable fourth-quarter return on tangible common equity of 9.3%, and that "highlights included a return to loan growth after a period of contraction, an uptick in the margin, and continued improvement in credit quality."

Martin also said that "TARP repayment is likely a near term event given advanced discussions with regulators."

Interested in more on MB Financial? See TheStreet Ratings' report card for this stock.

4 of 11

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs