Virtus Fund Advisers LLC lifted its holdings in shares of MB Financial Inc (NASDAQ:MBFI) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,996,250 shares of the bank’s stock after buying an additional 189,200 shares during the quarter. MB Financial comprises approximately 0.9% of Virtus Fund Advisers LLC’s investment portfolio, making the stock its 28th biggest holding. Virtus Fund Advisers LLC’s holdings in MB Financial were worth $88,873,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of MBFI. Wells Fargo & Company MN grew its position in shares of MB Financial by 38.1% during the 3rd quarter. Wells Fargo & Company MN now owns 611,950 shares of the bank’s stock worth $27,550,000 after buying an additional 168,827 shares during the period. BlackRock Inc. grew its position in shares of MB Financial by 1.8% during the 4th quarter. BlackRock Inc. now owns 8,837,206 shares of the bank’s stock worth $393,431,000 after buying an additional 158,360 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of MB Financial by 51.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 326,526 shares of the bank’s stock worth $14,700,000 after buying an additional 111,338 shares during the period. Bank of New York Mellon Corp grew its position in shares of MB Financial by 8.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,206,213 shares of the bank’s stock worth $54,303,000 after buying an additional 95,262 shares during the period. Finally, Citadel Advisors LLC grew its position in shares of MB Financial by 534.9% during the 3rd quarter. Citadel Advisors LLC now owns 101,183 shares of the bank’s stock worth $4,555,000 after buying an additional 85,246 shares during the period. Institutional investors own 76.11% of the company’s stock.
A number of brokerages recently issued reports on MBFI. Hovde Group set a $44.00 price objective on shares of MB Financial and gave the company a “hold” rating in a report on Thursday, February 8th. BidaskClub upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded shares of MB Financial from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Thursday, January 25th. DA Davidson cut shares of MB Financial from a “buy” rating to a “neutral” rating in a report on Friday, January 26th. Finally, Sandler O’Neill restated a “hold” rating and set a $46.00 price objective on shares of MB Financial in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. MB Financial has an average rating of “Hold” and an average target price of $47.75.
In other news, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $44.60, for a total value of $223,000.00. Following the completion of the transaction, the vice president now owns 65,430 shares in the company, valued at $2,918,178. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark A. Heckler sold 13,804 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,554,665. The disclosure for this sale can be found here. 7.05% of the stock is owned by corporate insiders.
MB Financial Inc (MBFI) opened at $41.87 on Friday. The stock has a market cap of $3,513.65, a P/E ratio of 17.52, a P/E/G ratio of 1.42 and a beta of 1.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.88 and a current ratio of 0.91. MB Financial Inc has a 1-year low of $38.28 and a 1-year high of $47.64.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 net margin of 29.25% and a return on equity of 8.11%. During the same quarter in the prior year, the firm posted $0.59 EPS. equities analysts forecast that MB Financial Inc will post 2.81 EPS for the current year.
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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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