Goldman Sachs Group Inc. trimmed its position in shares of MB Financial Inc (NASDAQ:MBFI) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,196,945 shares of the bank’s stock after selling 99,911 shares during the quarter. Goldman Sachs Group Inc. owned 2.62% of MB Financial worth $97,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings 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 valued at $393,431,000 after buying an additional 158,360 shares during the period. Virtus Fund Advisers LLC lifted its holdings in shares of MB Financial by 10.5% during the 4th quarter. Virtus Fund Advisers LLC now owns 1,996,250 shares of the bank’s stock valued at $88,873,000 after buying an additional 189,200 shares during the period. The Manufacturers Life Insurance Company raised its holdings in MB Financial by 2.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,652,946 shares of the bank’s stock worth $73,590,000 after purchasing an additional 45,083 shares during the period. Bank of New York Mellon Corp raised its holdings in MB Financial by 8.6% in 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 purchasing an additional 95,262 shares during the period. Finally, Geode Capital Management LLC raised its holdings in MB Financial by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 726,110 shares of the bank’s stock worth $32,326,000 after purchasing an additional 49,424 shares during the period. 76.00% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:MBFI opened at $40.37 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.27. The stock has a market cap of $3,512.05, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.41 and a beta of 1.03. MB Financial Inc has a 52 week low of $38.28 and a 52 week high of $47.64.
MB Financial (NASDAQ:MBFI) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.10). The business had revenue of $242.71 million for the quarter, compared to the consensus estimate of $251.78 million. MB Financial had a net margin of 29.25% and a return on equity of 8.11%. During the same period in the prior year, the business earned $0.59 earnings per share. analysts predict that MB Financial Inc will post 2.82 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 14th. This is a boost from MB Financial’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 2.38%. MB Financial’s dividend payout ratio (DPR) is currently 40.17%.
A number of equities analysts recently commented on the company. Piper Jaffray reaffirmed a “hold” rating and issued a $44.00 target price on shares of MB Financial in a report on Friday. Zacks Investment Research cut MB Financial from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub raised MB Financial from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. Hovde Group set a $44.00 target price on MB Financial and gave the stock a “hold” rating in a report on Thursday, February 8th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $48.00 target price on shares of MB Financial in a report on Friday, January 26th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.75.
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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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