Texas Permanent School Fund decreased its holdings in MB Financial Inc (NASDAQ:MBFI) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,669 shares of the bank’s stock after selling 4,533 shares during the period. Texas Permanent School Fund owned about 0.07% of MB Financial worth $2,523,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Teachers Advisors LLC raised its holdings in shares of MB Financial by 14.9% in the second quarter. Teachers Advisors LLC now owns 146,108 shares of the bank’s stock valued at $6,435,000 after buying an additional 18,893 shares during the last quarter. PNC Financial Services Group Inc. grew its position in MB Financial by 8.7% during the second quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock worth $144,000 after buying an additional 262 shares during the period. Thrivent Financial For Lutherans grew its position in MB Financial by 8.1% during the second quarter. Thrivent Financial For Lutherans now owns 14,460 shares of the bank’s stock worth $637,000 after buying an additional 1,080 shares during the period. New York State Common Retirement Fund grew its position in MB Financial by 7.7% during the second quarter. New York State Common Retirement Fund now owns 175,885 shares of the bank’s stock worth $7,746,000 after buying an additional 12,630 shares during the period. Finally, UBS Asset Management Americas Inc. grew its position in MB Financial by 0.8% during the second quarter. UBS Asset Management Americas Inc. now owns 44,925 shares of the bank’s stock worth $1,978,000 after buying an additional 368 shares during the period. Institutional investors and hedge funds own 76.11% of the company’s stock.
Shares of MB Financial Inc (NASDAQ MBFI) opened at $40.29 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.88. MB Financial Inc has a one year low of $38.28 and a one year high of $47.64. The stock has a market cap of $3,381.05, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 1.37 and a beta of 1.03.
MB Financial (NASDAQ:MBFI) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.10). The business had revenue of $242.71 million for the quarter, compared to analyst estimates of $251.78 million. MB Financial had a net margin of 29.25% and a return on equity of 8.11%. During the same period in the prior year, the business earned $0.59 EPS. equities research analysts predict that MB Financial Inc will post 2.81 EPS for the current fiscal year.
MBFI has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of MB Financial from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Thursday, January 25th. Hovde Group set a $49.00 price target on shares of MB Financial and gave the stock a “hold” rating in a research note on Friday, January 12th. SunTrust Banks set a $48.00 price target on shares of MB Financial and gave the stock a “buy” rating in a research note on Friday, October 20th. Piper Jaffray Companies reissued a “hold” rating and issued a $44.00 target price on shares of MB Financial in a research note on Thursday, October 19th. Finally, BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $48.22.
In other MB Financial news, VP Jill E. York sold 5,000 shares of MB Financial stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total value of $223,000.00. Following the transaction, the vice president now owns 65,430 shares in the company, valued at $2,918,178. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark A. Heckler sold 13,804 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $46.25, for a total value of $638,435.00. Following the sale, the insider now owns 55,236 shares in the company, valued at $2,554,665. The disclosure for this sale can be found here. 4.93% of the stock is owned by insiders.
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MB Financial Company Profile
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.
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