Bank of Montreal Can Reduces Position in MB Financial Inc (MBFI)

Bank of Montreal Can lessened its stake in MB Financial Inc (NASDAQ:MBFI) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 53,894 shares of the bank’s stock after selling 2,605 shares during the period. Bank of Montreal Can owned about 0.06% of MB Financial worth $2,399,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MBFI. Mutual of America Capital Management LLC grew its stake in shares of MB Financial by 9.4% in the third 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 in the last quarter. Comerica Bank grew its stake in shares of MB Financial by 13.4% in the third quarter. Comerica Bank now owns 77,995 shares of the bank’s stock worth $3,554,000 after acquiring an additional 9,226 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of MB Financial by 7.6% in the third quarter. California Public Employees Retirement System now owns 151,834 shares of the bank’s stock worth $6,836,000 after acquiring an additional 10,734 shares in the last quarter. Sei Investments Co. grew its stake in shares of MB Financial by 23.6% in the third 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 in the last quarter. Finally, Channing Capital Management LLC grew its stake in shares of MB Financial by 1.5% in the third quarter. Channing Capital Management LLC now owns 1,598,971 shares of the bank’s stock worth $71,986,000 after acquiring an additional 23,593 shares in the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

MB Financial Inc (NASDAQ MBFI) opened at $40.29 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.88 and a current ratio of 0.91. The company has a market cap of $3,331.54, a price-to-earnings ratio of 11.58, a P/E/G ratio of 1.35 and a beta of 1.03. MB Financial Inc has a 12 month low of $38.28 and a 12 month high of $47.64.

MB Financial (NASDAQ:MBFI) last issued its earnings results on Thursday, January 25th. The bank reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.10). The firm had revenue of $242.71 million for the quarter, compared to analyst estimates of $251.78 million. MB Financial had a return on equity of 8.11% and a net margin of 29.25%. During the same quarter in the previous year, the firm posted $0.59 EPS. analysts expect that MB Financial Inc will post 2.81 EPS for the current year.

Several research firms have commented on MBFI. BidaskClub upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Hovde Group set a $44.00 price target on shares of MB Financial and gave the stock a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded shares of MB Financial from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Thursday, January 25th. Sandler O’Neill restated a “hold” rating and issued a $46.00 price target on shares of MB Financial in a research note on Friday, January 26th. Finally, SunTrust Banks restated a “buy” rating and issued a $52.00 price target on shares of MB Financial in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. MB Financial currently has a consensus rating of “Hold” and a consensus price target of $48.22.

In related news, insider Mark A. Heckler sold 13,804 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $46.25, for a total transaction of $638,435.00. Following the completion of the transaction, the insider now owns 55,236 shares in the company, valued at $2,554,665. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jill E. York sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total transaction of $223,000.00. Following 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. Insiders own 7.05% of the company’s stock.

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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.

Institutional Ownership by Quarter for MB Financial (NASDAQ:MBFI)

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