Bank of Montreal Can decreased its stake in MB Financial Inc. (NASDAQ:MBFI) by 8.9% during the second quarter, Holdings Channel reports. The institutional investor owned 56,499 shares of the bank’s stock after selling 5,511 shares during the period. Bank of Montreal Can’s holdings in MB Financial were worth $2,489,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of MBFI. Capstone Asset Management Co. raised its position in shares of MB Financial by 5.8% in the first quarter. Capstone Asset Management Co. now owns 4,938 shares of the bank’s stock valued at $211,000 after buying an additional 270 shares in the last quarter. Suntrust Banks Inc. bought a new position in shares of MB Financial during the first quarter valued at about $212,000. KCG Holdings Inc. bought a new position in shares of MB Financial during the first quarter valued at about $238,000. Teacher Retirement System of Texas raised its position in shares of MB Financial by 13.7% in the first quarter. Teacher Retirement System of Texas now owns 6,340 shares of the bank’s stock valued at $271,000 after buying an additional 764 shares in the last quarter. Finally, Dubuque Bank & Trust Co. bought a new position in shares of MB Financial during the first quarter valued at about $275,000. 74.48% of the stock is currently owned by institutional investors and hedge funds.
MB Financial Inc. (MBFI) traded down 1.96% on Thursday, hitting $39.51. 112,186 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $42.43 and a 200-day moving average price of $43.19. The stock has a market cap of $3.31 billion, a P/E ratio of 18.02 and a beta of 1.13. MB Financial Inc. has a 52-week low of $35.00 and a 52-week high of $48.47.
MB Financial (NASDAQ:MBFI) last posted its earnings results on Thursday, July 20th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.10. The company had revenue of $239.51 million for the quarter, compared to the consensus estimate of $247.39 million. MB Financial had a net margin of 19.12% and a return on equity of 7.99%. During the same quarter in the prior year, the company posted $0.58 EPS. Analysts predict that MB Financial Inc. will post $2.44 earnings per share for the current fiscal year.
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Several research analysts recently issued reports on the stock. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Wedbush reissued a “neutral” rating and set a $48.00 target price on shares of MB Financial in a research note on Tuesday, June 27th. ValuEngine lowered shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Jefferies Group LLC reissued a “hold” rating and set a $48.00 target price on shares of MB Financial in a research note on Sunday, June 11th. Finally, Zacks Investment Research lowered shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. MB Financial currently has a consensus rating of “Hold” and a consensus price target of $47.67.
In other MB Financial news, insider Mitchell Feiger sold 11,825 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $43.60, for a total transaction of $515,570.00. Following the transaction, the insider now owns 140,724 shares in the company, valued at approximately $6,135,566.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James N. Hallene sold 4,877 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $44.40, for a total transaction of $216,538.80. Following the transaction, the director now owns 25,339 shares in the company, valued at approximately $1,125,051.60. The disclosure for this sale can be found here. Insiders have sold a total of 21,702 shares of company stock worth $943,609 in the last 90 days. Company insiders own 7.05% of the company’s stock.
MB Financial Company 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.
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