Hilltop Holdings Inc. acquired a new stake in MB Financial Inc (NASDAQ:MBFI) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,150 shares of the bank’s stock, valued at approximately $330,000.
Other large investors have also added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its stake in MB Financial by 26.7% in the fourth quarter. TIAA CREF Investment Management LLC now owns 273,228 shares of the bank’s stock valued at $12,164,000 after buying an additional 57,562 shares in the last quarter. Swiss National Bank raised its position in MB Financial by 2.2% in the fourth quarter. Swiss National Bank now owns 135,712 shares of the bank’s stock valued at $6,042,000 after purchasing an additional 2,900 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in MB Financial in the fourth quarter valued at about $338,000. Deutsche Bank AG raised its position in MB Financial by 87.0% in the fourth quarter. Deutsche Bank AG now owns 396,293 shares of the bank’s stock valued at $17,638,000 after purchasing an additional 184,411 shares during the last quarter. Finally, BlackRock Inc. raised its position in MB Financial by 1.8% in the fourth quarter. BlackRock Inc. now owns 8,837,206 shares of the bank’s stock valued at $393,431,000 after purchasing an additional 158,360 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.
MBFI has been the subject of several research reports. Zacks Investment Research upgraded MB Financial from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Thursday, April 5th. BidaskClub upgraded MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Piper Jaffray Companies reiterated a “hold” rating and issued a $44.00 target price on shares of MB Financial in a research report on Friday, April 6th. ValuEngine upgraded MB Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, May 22nd. Finally, DA Davidson increased their target price on MB Financial to $54.20 in a research report on Tuesday, May 22nd. Eleven investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $47.91.
Shares of MB Financial traded up $0.10, reaching $49.56, during mid-day trading on Monday, according to Marketbeat. 51,623 shares of the company were exchanged, compared to its average volume of 1,449,072. MB Financial Inc has a 52 week low of $38.28 and a 52 week high of $51.59. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.05.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Tuesday, April 24th. The bank reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. MB Financial had a return on equity of 7.52% and a net margin of 28.85%. The company had revenue of $246.18 million during the quarter, compared to the consensus estimate of $249.16 million. During the same period last year, the company earned $0.60 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. sell-side analysts anticipate that MB Financial Inc will post 2.86 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.94%. MB Financial’s dividend payout ratio (DPR) is 40.17%.
In other MB Financial news, Director Karen J. May sold 4,364 shares of MB Financial stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $50.20, for a total value of $219,072.80. Following the completion of the sale, the director now directly owns 5,795 shares in the company, valued at $290,909. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jill E. York sold 5,000 shares of MB Financial stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $50.90, for a total value of $254,500.00. Following the completion of the sale, the vice president now owns 67,791 shares of the company’s stock, valued at $3,450,561.90. The disclosure for this sale can be found here. 2.69% of the stock is owned by company insiders.
MB Financial Profile
MB Financial, Inc operates as a bank holding company for MB Financial Bank, N.A. that provides various financial services to small and middle market businesses, and individuals in the United States. The company operates through three segments: Banking, Leasing, and Mortgage Banking. The Banking segment offers commercial banking products, including working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; industrial revenue bond financing; ESOP financing; business acquisition loans; owner occupied real estate loans; asset-based loans; and financial, performance, and commercial letters of credit.
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