Goldman Sachs Group Inc. lessened its stake in shares of MB Financial Inc (NASDAQ:MBFI) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,196,945 shares of the bank’s stock after selling 99,911 shares during the period. Goldman Sachs Group Inc. owned 2.62% of MB Financial worth $97,808,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in MBFI. Nationwide Fund Advisors raised its holdings in MB Financial by 9.3% in the 3rd quarter. Nationwide Fund Advisors now owns 206,193 shares of the bank’s stock valued at $9,283,000 after acquiring an additional 17,544 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in MB Financial by 185.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 29,107 shares of the bank’s stock valued at $1,310,000 after acquiring an additional 18,907 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in MB Financial in the 3rd quarter valued at about $285,000. Principal Financial Group Inc. raised its holdings in MB Financial by 15.6% in the 3rd quarter. Principal Financial Group Inc. now owns 354,209 shares of the bank’s stock valued at $15,947,000 after acquiring an additional 47,931 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in MB Financial by 17.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 43,346 shares of the bank’s stock valued at $1,951,000 after acquiring an additional 6,479 shares during the last quarter. Institutional investors own 75.97% of the company’s stock.
Shares of MB Financial Inc (NASDAQ:MBFI) opened at $43.30 on Thursday. The stock has a market cap of $3,722.36, a P/E ratio of 12.44, a PEG ratio of 1.50 and a beta of 1.03. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.27. MB Financial Inc has a 1-year low of $38.28 and a 1-year high of $47.64.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.22%. This is a boost from MB Financial’s previous quarterly dividend of $0.21. MB Financial’s dividend payout ratio (DPR) is presently 24.14%.
A number of analysts have commented on MBFI shares. SunTrust Banks reiterated a “buy” rating and issued a $48.00 price objective on shares of MB Financial in a report on Friday, January 26th. BidaskClub upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Zacks Investment Research downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. Keefe, Bruyette & Woods restated a “hold” rating and set a $49.00 price target on shares of MB Financial in a report on Friday, December 22nd. Finally, Piper Jaffray Companies restated a “hold” rating and set a $45.00 price target on shares of MB Financial in a report on Sunday, January 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.75.
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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