Strs Ohio reduced its stake in MB Financial Inc. (NASDAQ:MBFI) by 15.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,100 shares of the bank’s stock after selling 1,600 shares during the period. Strs Ohio’s holdings in MB Financial were worth $389,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of MB Financial by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,121,400 shares of the bank’s stock valued at $241,884,000 after buying an additional 84,273 shares during the period. State Street Corp raised its stake in MB Financial by 12.6% in the fourth quarter. State Street Corp now owns 3,478,550 shares of the bank’s stock valued at $164,290,000 after buying an additional 390,149 shares during the last quarter. Cardinal Capital Management LLC CT raised its stake in MB Financial by 8.2% in the fourth quarter. Cardinal Capital Management LLC CT now owns 1,949,041 shares of the bank’s stock valued at $92,053,000 after buying an additional 147,586 shares during the last quarter. Columbia Wanger Asset Management LLC raised its stake in MB Financial by 17.0% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 1,821,986 shares of the bank’s stock valued at $86,052,000 after buying an additional 264,514 shares during the last quarter. Finally, Patriot Financial Partners GP LP acquired a new stake in MB Financial during the third quarter valued at about $55,884,000. Institutional investors own 74.35% of the company’s stock.
Shares of MB Financial Inc. (MBFI) traded up 1.15% during trading on Tuesday, hitting $44.77. 479,737 shares of the company’s stock were exchanged. MB Financial Inc. has a one year low of $32.72 and a one year high of $48.47. The stock has a market cap of $3.75 billion, a P/E ratio of 19.88 and a beta of 1.16. The firm has a 50-day moving average price of $42.86 and a 200-day moving average price of $44.10.
MB Financial (NASDAQ:MBFI) last announced its quarterly earnings results on Thursday, April 27th. The bank reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. MB Financial had a net margin of 19.64% and a return on equity of 8.37%. The firm had revenue of $234.82 million during the quarter, compared to analysts’ expectations of $240.47 million. During the same quarter in the prior year, the company earned $0.54 EPS. Equities research analysts expect that MB Financial Inc. will post $2.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Tuesday, June 13th. This is a boost from MB Financial’s previous quarterly dividend of $0.19. MB Financial’s dividend payout ratio is presently 33.78%.
ILLEGAL ACTIVITY WARNING: “MB Financial Inc. (MBFI) Position Cut by Strs Ohio” was published by BBNS and is owned by of BBNS. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://baseballnewssource.com/markets/strs-ohio-sells-1600-shares-of-mb-financial-inc-mbfi-updated/934410.html.
Several analysts have issued reports on the stock. Jefferies Group LLC restated a “hold” rating and set a $48.00 price target on shares of MB Financial in a research report on Sunday. ValuEngine lowered shares of MB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Zacks Investment Research lowered shares of MB Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Keefe, Bruyette & Woods set a $46.00 target price on shares of MB Financial and gave the stock a “hold” rating in a report on Monday, April 3rd. Finally, Macquarie started coverage on shares of MB Financial in a report on Friday, February 17th. They set an “outperform” rating and a $52.00 target price for the company. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $46.50.
In other MB Financial news, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $42.30, for a total transaction of $211,500.00. Following the transaction, the vice president now owns 71,525 shares in the company, valued at approximately $3,025,507.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James N. Hallene sold 4,877 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $44.40, for a total transaction of $216,538.80. Following the transaction, the director now owns 25,339 shares in the company, valued at approximately $1,125,051.60. The disclosure for this sale can be found here. Insiders sold a total of 21,702 shares of company stock valued at $943,609 in the last ninety days. Corporate insiders own 4.93% of the company’s stock.
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.
Receive News & Ratings for MB Financial Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MB Financial Inc. and related companies with our FREE daily email newsletter.