Cramer Rosenthal Mcglynn LLC lessened its holdings in shares of MB Financial Inc (NASDAQ:MBFI) by 24.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 376,040 shares of the bank’s stock after selling 124,320 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in MB Financial were worth $16,741,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Aperio Group LLC grew its holdings in MB Financial by 5.3% during the 4th quarter. Aperio Group LLC now owns 23,579 shares of the bank’s stock valued at $1,050,000 after buying an additional 1,179 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in 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 buying an additional 1,291 shares in the last quarter. New York State Common Retirement Fund grew its holdings in 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 buying an additional 1,296 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in 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 buying an additional 1,313 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in MB Financial by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 12,812 shares of the bank’s stock valued at $577,000 after buying an additional 1,325 shares in the last quarter. 75.97% of the stock is currently owned by institutional investors.
MB Financial Inc (NASDAQ:MBFI) opened at $44.32 on Wednesday. The company has a market capitalization of $3,769.40, a P/E ratio of 12.74, a PEG ratio of 1.52 and a beta of 1.03. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. MB Financial Inc has a 1-year low of $38.28 and a 1-year high of $47.64.
MB Financial (NASDAQ:MBFI) last announced its earnings results on Thursday, January 25th. The bank reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.10). The company had revenue of $242.71 million during the quarter, compared to analysts’ expectations 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 last year, the firm posted $0.59 EPS. research analysts forecast that MB Financial Inc will post 2.81 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be issued a $0.24 dividend. This is a boost from MB Financial’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.17%. MB Financial’s payout ratio is 24.14%.
Several research firms have weighed in on MBFI. Hovde Group set a $44.00 price target on MB Financial and gave the company a “hold” rating in a report on Thursday, February 8th. BidaskClub upgraded MB Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded MB Financial from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Thursday, January 25th. DA Davidson cut MB Financial from a “buy” rating to a “neutral” rating in a report on Friday, January 26th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $46.00 target price on shares of MB Financial in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. MB Financial presently has a consensus rating of “Hold” and a consensus target price of $47.75.
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MB Financial 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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