American International Group Inc. raised its position in MB Financial Inc (NASDAQ:MBFI) by 6.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,136 shares of the bank’s stock after buying an additional 10,877 shares during the period. American International Group Inc. owned 0.22% of MB Financial worth $7,970,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Patriot Financial Partners GP LP acquired a new position in shares of MB Financial during the third quarter worth $55,884,000. ProShare Advisors LLC raised its position in shares of MB Financial by 12.2% in the third quarter. ProShare Advisors LLC now owns 22,795 shares of the bank’s stock worth $867,000 after buying an additional 2,471 shares in the last quarter. Tributary Capital Management LLC raised its position in shares of MB Financial by 7.2% in the third quarter. Tributary Capital Management LLC now owns 315,475 shares of the bank’s stock worth $12,001,000 after buying an additional 21,303 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of MB Financial during the fourth quarter worth $23,221,000. Finally, Wesbanco Bank Inc. raised its position in shares of MB Financial by 27.0% in the fourth quarter. Wesbanco Bank Inc. now owns 30,118 shares of the bank’s stock worth $1,422,000 after buying an additional 6,404 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.
Shares of MB Financial Inc (NASDAQ MBFI) opened at 41.34 on Wednesday. The stock has a 50 day moving average of $42.36 and a 200-day moving average of $44.13. MB Financial Inc has a one year low of $32.72 and a one year high of $48.47. The stock has a market capitalization of $3.46 billion, a P/E ratio of 18.36 and a beta of 1.14.
MB Financial (NASDAQ:MBFI) last posted its quarterly earnings results on Thursday, April 27th. The bank reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.03. MB Financial had a return on equity of 8.33% and a net margin of 18.78%. The business had revenue of $234.82 million during the quarter, compared to the consensus estimate of $240.47 million. During the same period in the prior year, the company posted $0.54 EPS. Equities analysts forecast that MB Financial Inc will post $2.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.03%. This is an increase from MB Financial’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, June 13th. MB Financial’s dividend payout ratio is presently 35.68%.
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A number of equities analysts have weighed in on MBFI shares. Zacks Investment Research lowered shares of MB Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. Macquarie started coverage on shares of MB Financial in a research report on Friday, February 17th. They set an “outperform” rating and a $52.00 target price for the company. Keefe, Bruyette & Woods set a $46.00 target price on shares of MB Financial and gave the stock a “hold” rating in a research report on Monday, April 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $48.00 target price on shares of MB Financial in a research report on Tuesday, April 4th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.81.
In other MB Financial news, insider Mitchell Feiger sold 11,825 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $43.60, for a total value of $515,570.00. Following the completion of the transaction, the insider now directly owns 140,724 shares in the company, valued at approximately $6,135,566.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karen J. May sold 4,924 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $45.46, for a total value of $223,845.04. Following the completion of the transaction, the director now owns 1,794 shares of the company’s stock, valued at $81,555.24. The disclosure for this sale can be found here. Corporate insiders own 7.05% of the company’s stock.
About MB Financial
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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