UBS Asset Management Americas Inc. grew its stake in shares of MB Financial Inc (NASDAQ:MBFI) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,125 shares of the bank’s stock after buying an additional 4,120 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.07% of MB Financial worth $2,454,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of MBFI. Meeder Asset Management Inc. bought a new stake in shares of MB Financial during the fourth quarter worth $169,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of MB Financial by 40.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,568 shares of the bank’s stock worth $203,000 after purchasing an additional 1,313 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of MB Financial during the fourth quarter worth $260,000. Crossmark Global Holdings Inc. acquired a new position in shares of MB Financial during the third quarter worth $285,000. Finally, Jane Street Group LLC acquired a new position in shares of MB Financial during the third quarter worth $339,000. 75.97% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on MBFI shares. SunTrust Banks reiterated a “buy” rating and set a $48.00 price target on shares of MB Financial in a report on Friday, January 26th. BidaskClub upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Zacks Investment Research lowered shares of MB Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $49.00 price target on shares of MB Financial in a report on Friday, December 22nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $45.00 price target on shares of MB Financial in a report on Sunday, January 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. MB Financial presently has an average rating of “Hold” and an average price target of $47.75.
MB Financial Inc (NASDAQ:MBFI) opened at $44.19 on Friday. The stock has a market cap of $3,683.73, a price-to-earnings ratio of 18.35, a P/E/G ratio of 1.49 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 fifty-two week low of $38.28 and a fifty-two week high of $47.64.
MB Financial (NASDAQ:MBFI) last released its 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 firm had revenue of $242.71 million during 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 quarter in the previous year, the firm earned $0.59 EPS. equities analysts expect that MB Financial Inc will post 2.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.24 dividend. This is a positive change from MB Financial’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, March 14th. This represents a $0.96 annualized dividend and a yield of 2.17%. MB Financial’s payout ratio is presently 27.59%.
ILLEGAL ACTIVITY NOTICE: This story was first posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://www.thelincolnianonline.com/2018/03/17/ubs-asset-management-americas-inc-boosts-holdings-in-mb-financial-inc-mbfi.html.
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.
Want to see what other hedge funds are holding MBFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MB Financial Inc (NASDAQ:MBFI).
Receive News & Ratings for MB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MB Financial and related companies with MarketBeat.com's FREE daily email newsletter.