Canada Pension Plan Investment Board Trims Position in MB Financial Inc (MBFI)

Canada Pension Plan Investment Board lowered its holdings in MB Financial Inc (NASDAQ:MBFI) by 44.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 239,100 shares of the bank’s stock after selling 191,900 shares during the quarter. Canada Pension Plan Investment Board’s holdings in MB Financial were worth $11,025,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. K2 Principal Fund L.P. acquired a new stake in MB Financial in the 2nd quarter valued at $2,588,000. Bank of Montreal Can grew its position in MB Financial by 4.7% in the 3rd quarter. Bank of Montreal Can now owns 61,679 shares of the bank’s stock valued at $2,844,000 after purchasing an additional 2,759 shares during the period. BlackRock Inc. grew its position in MB Financial by 4.3% in the 2nd quarter. BlackRock Inc. now owns 9,403,590 shares of the bank’s stock valued at $439,147,000 after purchasing an additional 384,850 shares during the period. CIBC Private Wealth Group LLC grew its position in MB Financial by 1,463.7% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 259,373 shares of the bank’s stock valued at $12,113,000 after purchasing an additional 242,786 shares during the period. Finally, Chicago Capital Management LLC acquired a new stake in MB Financial in the 2nd quarter valued at $7,500,000. 74.36% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:MBFI opened at $43.12 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.21. MB Financial Inc has a 1-year low of $39.15 and a 1-year high of $51.59. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 1.58 and a beta of 0.95.

MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.15). MB Financial had a net margin of 26.11% and a return on equity of 7.48%. The company had revenue of $241.69 million for the quarter, compared to the consensus estimate of $238.85 million. During the same quarter last year, the business posted $0.72 earnings per share. As a group, sell-side analysts forecast that MB Financial Inc will post 2.72 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, December 13th. MB Financial’s dividend payout ratio (DPR) is presently 40.17%.

In other MB Financial news, VP Jill E. York sold 5,000 shares of the firm’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 approximately $3,056,186.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian J. Wildman sold 14,683 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $45.10, for a total value of $662,203.30. Following the transaction, the insider now owns 29,260 shares in the company, valued at $1,319,626. The disclosure for this sale can be found here. 2.69% of the stock is currently owned by company insiders.

Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of MB Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 26th. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Finally, Raymond James raised shares of MB Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $48.31.

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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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Institutional Ownership by Quarter for MB Financial (NASDAQ:MBFI)

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