Traders Sell Shares of MB Financial (MBFI) on Strength (MBFI)

Investors sold shares of MB Financial Inc (NASDAQ:MBFI) on strength during trading on Thursday. $6.02 million flowed into the stock on the tick-up and $21.53 million flowed out of the stock on the tick-down, for a money net flow of $15.51 million out of the stock. Of all companies tracked, MB Financial had the 28th highest net out-flow for the day. MB Financial traded up $0.12 for the day and closed at $49.55

A number of equities research analysts have recently commented on MBFI shares. Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Thursday, April 5th. ValuEngine upgraded MB Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, May 22nd. 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 set a $44.00 target price on shares of MB Financial in a research report on Friday, April 6th. Finally, DA Davidson increased their target price on MB Financial to $54.20 in a research report on Tuesday, May 22nd. Eleven research analysts have rated the stock with a hold rating, MB Financial currently has a consensus rating of “Hold” and a consensus target price of $47.91.

The stock has a market cap of $4.16 billion, a PE ratio of 20.80, a P/E/G ratio of 1.64 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.87.

MB Financial (NASDAQ:MBFI) last announced its earnings results on Tuesday, April 24th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. MB Financial had a return on equity of 7.52% and a net margin of 28.85%. The firm had revenue of $246.18 million for the quarter, compared to analyst estimates of $249.16 million. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue was up 4.5% on a year-over-year basis. analysts expect that MB Financial Inc will post 2.86 earnings per share for the current year.

The firm also recently announced 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 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 the firm’s stock in a transaction 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 transaction, the director now owns 5,795 shares in the company, valued at approximately $290,909. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jill E. York sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $50.90, for a total value of $254,500.00. Following the completion of the transaction, the vice president now owns 67,791 shares in the company, valued at approximately $3,450,561.90. The disclosure for this sale can be found here. Company insiders own 2.69% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in MB Financial by 2.1% in the 1st quarter. BlackRock Inc. now owns 9,018,740 shares of the bank’s stock valued at $365,079,000 after purchasing an additional 181,534 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in MB Financial by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,008,820 shares of the bank’s stock valued at $202,757,000 after purchasing an additional 222,470 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in MB Financial by 4,271.2% in the 1st quarter. Summit Trail Advisors LLC now owns 3,247,650 shares of the bank’s stock valued at $3,248,000 after purchasing an additional 3,173,354 shares in the last quarter. Ceredex Value Advisors LLC purchased a new position in MB Financial in the 1st quarter valued at $93,037,000. Finally, Cardinal Capital Management LLC CT lifted its holdings in MB Financial by 6.2% in the 1st quarter. Cardinal Capital Management LLC CT now owns 2,218,673 shares of the bank’s stock valued at $89,812,000 after purchasing an additional 130,452 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

About MB Financial

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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