JPMorgan Chase & Co. reduced its stake in MB Financial Inc (NASDAQ:MBFI) by 60.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 77,393 shares of the bank’s stock after selling 117,983 shares during the quarter. JPMorgan Chase & Co. owned 0.09% of MB Financial worth $3,477,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Mutual of America Capital Management LLC lifted its holdings in shares of MB Financial by 9.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 165,408 shares of the bank’s stock worth $7,447,000 after acquiring an additional 14,186 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of MB Financial by 195.3% in the 2nd quarter. Prudential Financial Inc. now owns 156,171 shares of the bank’s stock worth $6,878,000 after acquiring an additional 103,290 shares during the last quarter. Comerica Bank lifted its holdings in shares of MB Financial by 13.4% in the 3rd quarter. Comerica Bank now owns 77,995 shares of the bank’s stock worth $3,554,000 after acquiring an additional 9,226 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of MB Financial by 23.6% in the 3rd quarter. Sei Investments Co. now owns 56,925 shares of the bank’s stock worth $2,563,000 after acquiring an additional 10,863 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its stake in MB Financial by 7.5% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 493,435 shares of the bank’s stock worth $21,731,000 after buying an additional 34,586 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.
In other news, insider Mark A. Heckler sold 13,804 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $46.25, for a total value of $638,435.00. Following the completion of the transaction, the insider now owns 55,236 shares in the company, valued at approximately $2,554,665. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $44.60, for a total transaction of $223,000.00. Following the completion of the transaction, the vice president now owns 65,430 shares of the company’s stock, valued at approximately $2,918,178. The disclosure for this sale can be found here. Corporate insiders own 4.93% of the company’s stock.
Shares of MB Financial Inc (MBFI) opened at $46.13 on Thursday. MB Financial Inc has a 52-week low of $38.28 and a 52-week high of $47.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.84. The company has a market cap of $3,880.00, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20.
MB Financial (NASDAQ:MBFI) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.08. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. The company had revenue of $252.21 million for the quarter, compared to the consensus estimate of $253.15 million. During the same period in the prior year, the firm posted $0.61 EPS. equities research analysts anticipate that MB Financial Inc will post 2.48 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, December 14th. MB Financial’s dividend payout ratio is presently 35.74%.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. SunTrust Banks set a $48.00 target price on shares of MB Financial and gave the stock a “buy” rating in a research note on Friday, October 20th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $44.00 target price on shares of MB Financial in a research note on Thursday, October 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $45.00 target price on shares of MB Financial in a research note on Tuesday, October 3rd. Finally, Jefferies Group reaffirmed a “hold” rating and set a $49.00 target price on shares of MB Financial in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $48.50.
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MB Financial 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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