LPL Financial LLC Purchases Shares of 7,903 MB Financial Inc (MBFI)

LPL Financial LLC purchased a new position in shares of MB Financial Inc (NASDAQ:MBFI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,903 shares of the bank’s stock, valued at approximately $352,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MBFI. Meadow Creek Investment Management LLC boosted its position in shares of MB Financial by 39.0% during the 4th quarter. Meadow Creek Investment Management LLC now owns 10,976 shares of the bank’s stock worth $489,000 after acquiring an additional 3,080 shares in the last quarter. Tyers Asset Management LLC boosted its position in shares of MB Financial by 39.0% during the 4th quarter. Tyers Asset Management LLC now owns 6,272 shares of the bank’s stock worth $279,000 after acquiring an additional 1,760 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of MB Financial by 26.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 273,228 shares of the bank’s stock worth $12,164,000 after acquiring an additional 57,562 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of MB Financial by 109.0% during the 4th quarter. GHP Investment Advisors Inc. now owns 14,727 shares of the bank’s stock worth $656,000 after acquiring an additional 7,680 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of MB Financial by 2.0% during the 4th quarter. Teachers Advisors LLC now owns 147,507 shares of the bank’s stock worth $6,567,000 after acquiring an additional 2,861 shares in the last quarter. Institutional investors own 75.76% of the company’s stock.

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Several research analysts have recently issued reports on the company. Hovde Group set a $44.00 price objective on MB Financial and gave the stock a “hold” rating in a research report on Thursday, February 8th. Zacks Investment Research cut MB Financial from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. BidaskClub raised MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Piper Jaffray reaffirmed a “hold” rating and set a $44.00 price objective on shares of MB Financial in a research report on Friday, April 6th. Finally, DA Davidson cut MB Financial from a “buy” rating to a “neutral” rating in a research report on Friday, January 26th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $46.75.

Shares of NASDAQ MBFI opened at $42.58 on Friday. The stock has a market capitalization of $3,574.40, a P/E ratio of 17.82, a PEG ratio of 1.44 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 52-week low of $38.28 and a 52-week high of $47.64.

MB Financial (NASDAQ:MBFI) last announced its earnings results on Thursday, January 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period last year, the company earned $0.59 earnings per share. research analysts forecast that MB Financial Inc will post 2.8 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This is a boost from MB Financial’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.25%. MB Financial’s dividend payout ratio is 40.17%.

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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.

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

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