Summit Trail Advisors LLC lifted its holdings in MB Financial Inc (NASDAQ:MBFI) by 4,271.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,247,650 shares of the bank’s stock after acquiring an additional 3,173,354 shares during the period. Summit Trail Advisors LLC owned approximately 3.86% of MB Financial worth $3,248,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Aperio Group LLC increased its position in shares of MB Financial by 5.3% in the fourth quarter. Aperio Group LLC now owns 23,579 shares of the bank’s stock worth $1,050,000 after acquiring an additional 1,179 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of MB Financial by 40.3% in the fourth 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 during the period. Advisor Group Inc. boosted its stake in shares of MB Financial by 93.4% in the fourth quarter. Advisor Group Inc. now owns 2,940 shares of the bank’s stock valued at $131,000 after purchasing an additional 1,420 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of MB Financial by 2.9% in the first quarter. Oppenheimer & Co. Inc. now owns 54,684 shares of the bank’s stock valued at $2,214,000 after purchasing an additional 1,538 shares during the period. Finally, US Bancorp DE boosted its stake in shares of MB Financial by 17.1% in the fourth quarter. US Bancorp DE now owns 10,558 shares of the bank’s stock valued at $470,000 after purchasing an additional 1,541 shares during the period. 75.67% of the stock is owned by institutional investors.
NASDAQ MBFI opened at $49.17 on Tuesday. MB Financial Inc has a 12 month low of $38.28 and a 12 month high of $51.59. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.87 and a current ratio of 0.91. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 1.65 and a beta of 1.05.
MB Financial (NASDAQ:MBFI) last posted its quarterly earnings data on Tuesday, April 24th. The bank reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. MB Financial had a net margin of 28.85% and a return on equity of 7.52%. The firm had revenue of $246.18 million for the quarter, compared to the consensus estimate of $249.16 million. During the same period in the prior year, the firm posted $0.60 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. research analysts expect that MB Financial Inc will post 2.86 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.95%. MB Financial’s dividend payout ratio (DPR) is 40.17%.
In other news, Director Karen J. May sold 4,364 shares of the firm’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $50.20, for a total value of $219,072.80. Following the transaction, the director now directly owns 5,795 shares in the company, valued at approximately $290,909. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jill E. York sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $50.90, for a total transaction of $254,500.00. Following the completion of the transaction, the vice president now owns 67,791 shares in the company, valued at $3,450,561.90. The disclosure for this sale can be found here. Corporate insiders own 2.69% of the company’s stock.
Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Piper Jaffray Companies restated a “hold” rating and issued a $44.00 target price on shares of MB Financial in a research note on Friday, April 6th. BidaskClub downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Monday, May 14th. SunTrust Banks downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Finally, DA Davidson upped their target price on shares of MB Financial to $54.20 in a research note on Tuesday, May 22nd. Eleven analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $47.91.
MB Financial Profile
MB Financial, Inc operates as a bank holding company for MB Financial Bank, N.A. that provides various financial services to small and middle market businesses, and individuals in the United States. The company operates through three segments: Banking, Leasing, and Mortgage Banking. The Banking segment offers commercial banking products, including working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; industrial revenue bond financing; ESOP financing; business acquisition loans; owner occupied real estate loans; asset-based loans; and financial, performance, and commercial letters of credit.
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