MB Financial Inc. (NASDAQ:MBFI) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its stake in MB Financial Inc. (NASDAQ:MBFI) by 17.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 108,168 shares of the bank’s stock after acquiring an additional 16,306 shares during the quarter. Retirement Systems of Alabama owned 0.13% of MB Financial worth $4,870,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MBFI. Riverhead Capital Management LLC grew its position in shares of MB Financial by 50.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,560 shares of the bank’s stock valued at $113,000 after buying an additional 860 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of MB Financial by 20.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock valued at $143,000 after buying an additional 556 shares during the last quarter. PNC Financial Services Group Inc. grew its position in MB Financial by 8.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock worth $144,000 after purchasing an additional 262 shares during the last quarter. World Asset Management Inc purchased a new position in MB Financial during the 2nd quarter worth $201,000. Finally, Pitcairn Co. purchased a new position in MB Financial during the 2nd quarter worth $220,000. Institutional investors own 76.61% of the company’s stock.

In other MB Financial news, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $44.60, for a total transaction of $223,000.00. Following the completion of the sale, the vice president now directly owns 65,430 shares of the company’s stock, valued at $2,918,178. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark A. Heckler sold 13,804 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $46.25, for a total transaction of $638,435.00. Following the sale, the insider now directly owns 55,236 shares of the company’s stock, valued at $2,554,665. The disclosure for this sale can be found here. 7.05% of the stock is currently owned by corporate insiders.

Several brokerages have recently weighed in on MBFI. Jefferies Group reaffirmed a “hold” rating and issued a $49.00 target price on shares of MB Financial in a report on Thursday, October 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $45.00 price objective on shares of MB Financial in a research note on Tuesday, October 3rd. Zacks Investment Research cut shares of MB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Piper Jaffray Companies restated a “hold” rating and set a $44.00 target price on shares of MB Financial in a research report on Thursday, October 19th. Finally, SunTrust Banks set a $49.00 price target on shares of MB Financial and gave the stock a “buy” rating in a report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $47.63.

MB Financial Inc. (NASDAQ:MBFI) traded up $0.24 during midday trading on Thursday, hitting $45.52. 363,481 shares of the stock were exchanged, compared to its average volume of 373,973. The firm has a market capitalization of $3,799.56, a PE ratio of 18.49, a P/E/G ratio of 1.75 and a beta of 1.19. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. MB Financial Inc. has a twelve month low of $38.28 and a twelve month high of $48.47.

MB Financial (NASDAQ:MBFI) last issued its earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.08. The company had revenue of $252.21 million for the quarter, compared to analysts’ expectations of $253.15 million. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. During the same period in the prior year, the company earned $0.61 earnings per share. equities analysts forecast that MB Financial Inc. will post 2.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.85%. MB Financial’s dividend payout ratio is currently 35.90%.

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About MB Financial

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.

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

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