SG Americas Securities LLC trimmed its holdings in MB Financial Inc (NASDAQ:MBFI) by 66.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,021 shares of the bank’s stock after selling 19,767 shares during the quarter. SG Americas Securities LLC’s holdings in MB Financial were worth $446,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in MB Financial by 8.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock valued at $144,000 after purchasing an additional 262 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of MB Financial by 2.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 48,640 shares of the bank’s stock valued at $2,190,000 after acquiring an additional 1,291 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of MB Financial by 0.7% in the third quarter. New York State Common Retirement Fund now owns 177,181 shares of the bank’s stock valued at $7,977,000 after acquiring an additional 1,296 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of MB Financial by 11.5% in the third quarter. Pacer Advisors Inc. now owns 12,812 shares of the bank’s stock valued at $577,000 after acquiring an additional 1,325 shares during the period. Finally, ING Groep NV boosted its holdings in shares of MB Financial by 18.4% in the third quarter. ING Groep NV now owns 10,267 shares of the bank’s stock valued at $462,000 after acquiring an additional 1,598 shares during the period. 75.25% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Mark A. Heckler sold 13,804 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $46.25, for a total transaction of $638,435.00. Following the completion of the sale, the insider now owns 55,236 shares in the company, valued at $2,554,665. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.05% of the stock is owned by corporate insiders.
Shares of MB Financial Inc (NASDAQ:MBFI) opened at $42.09 on Friday. The firm has a market capitalization of $3,516.16, a P/E ratio of 12.09, a PEG ratio of 1.42 and a beta of 1.03. MB Financial Inc has a fifty-two week low of $38.28 and a fifty-two week high of $47.64. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.27.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.10). MB Financial had a return on equity of 5.78% and a net margin of 16.48%. The company had revenue of $242.71 million for the quarter, compared to analysts’ expectations of $251.78 million. During the same quarter last year, the company earned $0.59 EPS. sell-side analysts predict that MB Financial Inc will post 2.81 EPS for the current fiscal year.
MBFI has been the subject of several research analyst reports. SunTrust Banks set a $49.00 price objective on MB Financial and gave the company a “buy” rating in a report on Thursday, November 16th. BidaskClub downgraded MB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $49.00 price objective on shares of MB Financial in a report on Friday, December 22nd. Hovde Group set a $49.00 price objective on MB Financial and gave the company a “hold” rating in a report on Friday, January 12th. Finally, Zacks Investment Research raised 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $47.75.
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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.
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