Nomura Holdings Inc. purchased a new position in MB Financial Inc. (NASDAQ:MBFI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,800 shares of the company’s stock, valued at approximately $209,000.
Several other institutional investors also recently added to or reduced their stakes in the company. PineBridge Investments L.P. boosted its position in MB Financial by 3.7% in the second quarter. PineBridge Investments L.P. now owns 8,701 shares of the company’s stock worth $316,000 after buying an additional 307 shares during the period. Profund Advisors LLC increased its stake in shares of MB Financial by 2.4% in the second quarter. Profund Advisors LLC now owns 15,416 shares of the company’s stock worth $559,000 after buying an additional 355 shares in the last quarter. Arizona State Retirement System increased its stake in shares of MB Financial by 1.1% in the second quarter. Arizona State Retirement System now owns 35,628 shares of the company’s stock worth $1,293,000 after buying an additional 400 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of MB Financial by 2.2% in the second quarter. Capstone Asset Management Co. now owns 20,775 shares of the company’s stock worth $754,000 after buying an additional 440 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of MB Financial by 7.6% in the second quarter. Amalgamated Bank now owns 8,678 shares of the company’s stock worth $334,000 after buying an additional 616 shares in the last quarter. 64.18% of the stock is owned by institutional investors.
MB Financial Inc. (NASDAQ:MBFI) opened at 38.04 on Friday. The firm’s 50 day moving average price is $38.58 and its 200-day moving average price is $36.06. The firm has a market cap of $2.79 billion, a PE ratio of 17.77 and a beta of 1.09. MB Financial Inc. has a 52 week low of $27.98 and a 52 week high of $39.50.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Tuesday, September 13th. MB Financial’s dividend payout ratio (DPR) is presently 35.68%.
MBFI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on MB Financial from $35.50 to $36.50 and gave the company a “neutral” rating in a research report on Thursday, July 7th. DA Davidson lifted their price objective on MB Financial from $39.19 to $43.00 and gave the company a “neutral” rating in a research report on Friday, August 26th. Zacks Investment Research downgraded MB Financial from a “buy” rating to a “hold” rating in a research report on Monday, September 26th. JMP Securities initiated coverage on MB Financial in a research report on Friday, September 16th. They issued a “market perform” rating for the company. Finally, Piper Jaffray Cos. initiated coverage on MB Financial in a research report on Friday, June 10th. They issued an “overweight” rating and a $41.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.17.
In other MB Financial news, Director Thomas H. Harvey sold 20,000 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $37.96, for a total transaction of $759,200.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Rose Marie Bouman sold 1,424 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $38.67, for a total transaction of $55,066.08. Following the transaction, the insider now directly owns 67,463 shares in the company, valued at $2,608,794.21. The disclosure for this sale can be found here. 7.05% of the stock is currently owned by insiders.
MB Financial Company Profile
MB Financial, Inc is a financial holding company. The Company, through its bank subsidiary, MB Financial Bank, N.A., offers a range of financial services to small and middle market businesses, and individuals. The Company’s segments include banking, leasing and mortgage banking. Its banking segment includes lending and deposit gathering activities.
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