Citadel Advisors LLC cut its stake in MB Financial Inc (NASDAQ:MBFI) by 96.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,068 shares of the bank’s stock after selling 364,458 shares during the period. Citadel Advisors LLC’s holdings in MB Financial were worth $704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. OLD Second National Bank of Aurora lifted its holdings in MB Financial by 8.9% in the second quarter. OLD Second National Bank of Aurora now owns 14,041 shares of the bank’s stock valued at $656,000 after acquiring an additional 1,143 shares during the last quarter. Arizona State Retirement System lifted its holdings in MB Financial by 2.7% in the second quarter. Arizona State Retirement System now owns 58,373 shares of the bank’s stock valued at $2,726,000 after acquiring an additional 1,532 shares during the last quarter. Rhumbline Advisers lifted its holdings in MB Financial by 1.0% in the second quarter. Rhumbline Advisers now owns 166,940 shares of the bank’s stock valued at $7,796,000 after acquiring an additional 1,652 shares during the last quarter. HGK Asset Management Inc. lifted its holdings in MB Financial by 19.5% in the second quarter. HGK Asset Management Inc. now owns 12,968 shares of the bank’s stock valued at $606,000 after acquiring an additional 2,115 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its holdings in MB Financial by 0.4% in the first quarter. OppenheimerFunds Inc. now owns 571,403 shares of the bank’s stock valued at $23,130,000 after acquiring an additional 2,540 shares during the last quarter. Institutional investors and hedge funds own 74.26% of the company’s stock.
MBFI opened at $47.39 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.91. MB Financial Inc has a one year low of $39.15 and a one year high of $51.59. The company has a market capitalization of $4.03 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.60 and a beta of 1.03.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Wednesday, July 18th. The bank reported $0.68 EPS for the quarter, hitting analysts’ consensus estimates of $0.68. MB Financial had a return on equity of 7.92% and a net margin of 27.78%. The company had revenue of $247.38 million for the quarter, compared to analysts’ expectations of $241.37 million. During the same period in the prior year, the firm earned $0.51 earnings per share. analysts anticipate that MB Financial Inc will post 2.86 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, September 13th. MB Financial’s dividend payout ratio (DPR) is 40.17%.
In other MB Financial news, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $48.75, for a total transaction of $243,750.00. Following the transaction, the vice president now directly owns 62,691 shares in the company, valued at $3,056,186.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.69% of the stock is owned by corporate insiders.
A number of research firms recently commented on MBFI. Zacks Investment Research cut MB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. BidaskClub cut MB Financial from a “hold” rating to a “sell” rating in a report on Thursday, June 28th. SunTrust Banks cut MB Financial from a “buy” rating to a “hold” rating in a report on Friday, June 1st. ValuEngine cut MB Financial from a “buy” rating to a “hold” rating in a report on Monday, June 11th. Finally, DA Davidson upped their price objective on MB Financial to $54.20 in a report on Tuesday, May 22nd. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $47.90.
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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