Vanguard Group Inc. raised its holdings in shares of MB Financial Inc. (NASDAQ:MBFI) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,531,759 shares of the bank’s stock after acquiring an additional 104,479 shares during the quarter. Vanguard Group Inc. owned approximately 7.79% of MB Financial worth $287,658,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Teacher Retirement System of Texas raised its holdings in MB Financial by 0.6% during the second quarter. Teacher Retirement System of Texas now owns 6,381 shares of the bank’s stock valued at $281,000 after acquiring an additional 41 shares during the period. Capstone Asset Management Co. raised its holdings in MB Financial by 1.6% during the second quarter. Capstone Asset Management Co. now owns 5,018 shares of the bank’s stock valued at $221,000 after acquiring an additional 80 shares during the period. First National Bank of Omaha raised its holdings in MB Financial by 0.4% during the second quarter. First National Bank of Omaha now owns 39,275 shares of the bank’s stock valued at $1,730,000 after acquiring an additional 160 shares during the period. PNC Financial Services Group Inc. raised its holdings in MB Financial by 8.7% during the second quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock valued at $144,000 after acquiring an additional 262 shares during the period. Finally, Advantus Capital Management Inc raised its holdings in MB Financial by 3.2% during the first quarter. Advantus Capital Management Inc now owns 9,112 shares of the bank’s stock valued at $390,000 after acquiring an additional 283 shares during the period. 74.75% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on MBFI shares. BidaskClub raised MB Financial from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Wedbush reissued a “neutral” rating and set a $48.00 price target on shares of MB Financial in a report on Tuesday, June 27th. 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 report on Tuesday, July 4th. Piper Jaffray Companies cut MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 price target on the stock. in a report on Friday, July 21st. Finally, Hovde Group decreased their price target on MB Financial from $49.00 to $45.00 and set a “market perform” rating on the stock in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $47.56.
In related news, Director Ronald D. Santo sold 2,542 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $39.78, for a total transaction of $101,120.76. Following the completion of the transaction, the director now owns 59,505 shares in the company, valued at approximately $2,367,108.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.93% of the stock is owned by corporate insiders.
Shares of MB Financial Inc. (MBFI) opened at 45.92 on Wednesday. The company has a market capitalization of $3.85 billion, a PE ratio of 20.95 and a beta of 1.18. The stock has a 50 day moving average price of $42.14 and a 200 day moving average price of $42.20. MB Financial Inc. has a one year low of $35.00 and a one year high of $48.47.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.10). MB Financial had a return on equity of 7.99% and a net margin of 19.12%. The company had revenue of $239.51 million for the quarter, compared to analyst estimates of $247.39 million. During the same quarter last year, the company earned $0.58 EPS. On average, equities research analysts predict that MB Financial Inc. will post $2.43 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.83%. MB Financial’s dividend payout ratio (DPR) is presently 38.36%.
MB Financial Company Profile
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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