TFS Capital LLC purchased a new position in shares of MB Financial Inc (NASDAQ:MBFI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,174 shares of the bank’s stock, valued at approximately $350,000.
Several other hedge funds have also made changes to their positions in MBFI. Sei Investments Co. boosted its stake in MB Financial by 21.0% in the first quarter. Sei Investments Co. now owns 41,290 shares of the bank’s stock valued at $1,768,000 after buying an additional 7,180 shares in the last quarter. Karp Capital Management Corp purchased a new stake in MB Financial during the first quarter valued at about $740,000. UBS Asset Management Americas Inc. boosted its stake in MB Financial by 27.5% in the first quarter. UBS Asset Management Americas Inc. now owns 44,557 shares of the bank’s stock valued at $1,908,000 after buying an additional 9,600 shares in the last quarter. Swiss National Bank boosted its stake in MB Financial by 13.5% in the first quarter. Swiss National Bank now owns 130,812 shares of the bank’s stock valued at $5,601,000 after buying an additional 15,600 shares in the last quarter. Finally, Comerica Bank boosted its stake in MB Financial by 4.7% in the first quarter. Comerica Bank now owns 55,068 shares of the bank’s stock valued at $2,373,000 after buying an additional 2,459 shares in the last quarter. Institutional investors own 70.09% of the company’s stock.
MB Financial Inc (NASDAQ MBFI) opened at 42.91 on Friday. The stock’s 50 day moving average price is $42.46 and its 200-day moving average price is $44.09. The firm has a market capitalization of $3.59 billion, a P/E ratio of 19.05 and a beta of 1.14. MB Financial Inc has a 12 month low of $32.72 and a 12 month high of $48.47.
MB Financial (NASDAQ:MBFI) last posted its earnings results on Thursday, April 27th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $240.47 million. During the same quarter last year, the firm earned $0.54 earnings per share. On average, analysts forecast that MB Financial Inc will post $2.64 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change from MB Financial’s previous quarterly dividend of $0.19. MB Financial’s dividend payout ratio (DPR) is 35.68%.
COPYRIGHT VIOLATION NOTICE: “TFS Capital LLC Buys Shares of 8,174 MB Financial Inc (MBFI)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/06/09/8174-shares-in-mb-financial-inc-mbfi-acquired-by-tfs-capital-llc-updated-updated.html.
A number of equities analysts have recently commented on MBFI shares. ValuEngine lowered shares of MB Financial from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Macquarie started coverage on shares of MB Financial in a report on Friday, February 17th. They issued an “outperform” rating and a $52.00 price target on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $48.00 price target on shares of MB Financial in a report on Tuesday, April 4th. Keefe, Bruyette & Woods set a $46.00 target price on shares of MB Financial and gave the company a “hold” rating in a report on Monday, April 3rd. Finally, Zacks Investment Research lowered shares of MB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. MB Financial has a consensus rating of “Hold” and a consensus price target of $45.81.
In other MB Financial news, insider Mitchell Feiger sold 11,825 shares of the firm’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 transaction of $515,570.00. Following the completion of the sale, the insider now owns 140,724 shares in the company, valued at approximately $6,135,566.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jill E. York sold 5,000 shares of MB Financial stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $42.30, for a total value of $211,500.00. Following the completion of the transaction, the vice president now owns 71,525 shares of the company’s stock, valued at approximately $3,025,507.50. The disclosure for this sale can be found here. 7.05% of the stock is currently owned by company insiders.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.