Public Employees Retirement Association of Colorado lowered its position in shares of MB Financial Inc. (NASDAQ:MBFI) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 387,965 shares of the company’s stock after selling 259 shares during the period. Public Employees Retirement Association of Colorado’s holdings in MB Financial were worth $14,075,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its position in MB Financial by 121.5% in the second quarter. BNP Paribas Arbitrage SA now owns 21,964 shares of the company’s stock valued at $797,000 after buying an additional 12,049 shares during the period. Endeavour Capital Advisors Inc. raised its position in MB Financial by 0.7% in the first quarter. Endeavour Capital Advisors Inc. now owns 126,469 shares of the company’s stock valued at $4,104,000 after buying an additional 884 shares during the period. Barclays PLC raised its position in MB Financial by 132.5% in the first quarter. Barclays PLC now owns 8,369 shares of the company’s stock valued at $268,000 after buying an additional 4,769 shares during the period. Wellington Management Group LLP raised its position in MB Financial by 33.3% in the first quarter. Wellington Management Group LLP now owns 2,888,141 shares of the company’s stock valued at $93,720,000 after buying an additional 721,226 shares during the period. Finally, Geode Capital Management LLC raised its position in MB Financial by 9.9% in the first quarter. Geode Capital Management LLC now owns 498,589 shares of the company’s stock valued at $16,179,000 after buying an additional 45,088 shares during the period. 64.18% of the stock is owned by hedge funds and other institutional investors.
MB Financial Inc. (NASDAQ:MBFI) traded up 0.61% during midday trading on Wednesday, reaching $37.91. The company had a trading volume of 268,657 shares. The stock’s 50 day moving average price is $38.34 and its 200-day moving average price is $36.34. MB Financial Inc. has a one year low of $27.98 and a one year high of $39.50. The firm has a market capitalization of $2.79 billion, a P/E ratio of 17.71 and a beta of 1.06.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.02%. MB Financial’s dividend payout ratio is 35.68%.
MBFI has been the topic of several recent research reports. Zacks Investment Research upgraded MB Financial from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Friday, October 7th. Sandler O’Neill lowered MB Financial from a “buy” rating to a “hold” rating in a report on Friday, August 26th. JPMorgan Chase & Co. restated a “hold” rating on shares of MB Financial in a report on Saturday, July 9th. JMP Securities initiated coverage on MB Financial in a report on Friday, September 16th. They set a “market perform” rating on the stock. Finally, DA Davidson raised their target price on MB Financial from $39.19 to $43.00 and gave the company a “neutral” rating in a report on Friday, August 26th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $36.28.
In other news, VP Jill E. York sold 5,000 shares of the stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $39.05, for a total transaction of $195,250.00. Following the completion of the transaction, the vice president now directly owns 69,889 shares in the company, valued at approximately $2,729,165.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mitchell Feiger sold 6,500 shares of the stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $38.69, for a total transaction of $251,485.00. Following the transaction, the chief executive officer now owns 119,997 shares of the company’s stock, valued at $4,642,683.93. The disclosure for this sale can be found here. Insiders own 7.05% of the company’s stock.
About MB Financial
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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