Comerica Bank Sells 5,958 Shares of MB Financial Inc (MBFI)

Comerica Bank lowered its holdings in shares of MB Financial Inc (NASDAQ:MBFI) by 7.6% during the fourth quarter, HoldingsChannel reports. The firm owned 72,037 shares of the bank’s stock after selling 5,958 shares during the period. Comerica Bank’s holdings in MB Financial were worth $3,399,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in shares of MB Financial by 8.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock valued at $144,000 after purchasing an additional 262 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of MB Financial by 2.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 48,640 shares of the bank’s stock valued at $2,190,000 after purchasing an additional 1,291 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of MB Financial by 0.7% during the 3rd quarter. New York State Common Retirement Fund now owns 177,181 shares of the bank’s stock valued at $7,977,000 after purchasing an additional 1,296 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of MB Financial by 40.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,568 shares of the bank’s stock valued at $203,000 after purchasing an additional 1,313 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in MB Financial by 11.5% in the 3rd quarter. Pacer Advisors Inc. now owns 12,812 shares of the bank’s stock worth $577,000 after acquiring an additional 1,325 shares during the period. Institutional investors and hedge funds own 76.11% of the company’s stock.

MB Financial Inc (NASDAQ MBFI) opened at $41.87 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The company has a market cap of $3,513.65, a price-to-earnings ratio of 12.03, a P/E/G ratio of 1.42 and a beta of 1.03. MB Financial Inc has a twelve month low of $38.28 and a twelve month high of $47.64.

MB Financial (NASDAQ:MBFI) last posted 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 company had revenue of $242.71 million during the quarter, compared to analyst estimates of $251.78 million. MB Financial had a return on equity of 8.11% and a net margin of 29.25%. During the same quarter in the prior year, the business earned $0.59 earnings per share. analysts expect that MB Financial Inc will post 2.81 earnings per share for the current fiscal year.

MBFI has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. SunTrust Banks set a $49.00 target price on shares of MB Financial and gave the stock a “buy” rating in a report on Thursday, November 16th. BidaskClub downgraded shares of MB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $49.00 target price on shares of MB Financial in a report on Friday, December 22nd. Finally, Hovde Group set a $49.00 target price on shares of MB Financial and gave the stock a “hold” rating in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $47.75.

In other MB Financial news, VP Jill E. York sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $44.60, for a total value of $223,000.00. Following the sale, the vice president now directly owns 65,430 shares in the company, valued at approximately $2,918,178. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark A. Heckler sold 13,804 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $46.25, for a total transaction of $638,435.00. Following the completion of 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. Company insiders own 7.05% of the company’s stock.

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

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