Citadel Advisors LLC reduced its stake in MB Financial Inc (NASDAQ:MBFI) by 50.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,296 shares of the bank’s stock after selling 50,887 shares during the quarter. Citadel Advisors LLC’s holdings in MB Financial were worth $2,239,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of MB Financial in the fourth quarter worth approximately $169,000. HighPoint Advisor Group LLC acquired a new position in shares of MB Financial in the third quarter worth approximately $208,000. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 worth $203,000 after acquiring an additional 1,313 shares during the period. Legato Capital Management LLC acquired a new position in shares of MB Financial in the third quarter worth approximately $223,000. Finally, Fox Run Management L.L.C. acquired a new position in MB Financial in the fourth quarter valued at approximately $260,000. 75.25% of the stock is currently owned by institutional investors.
MBFI has been the topic of several recent analyst reports. BidaskClub lowered MB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research lowered MB Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Piper Jaffray Companies reissued a “hold” rating and issued a $45.00 price target on shares of MB Financial in a research note on Sunday, January 28th. Hovde Group set a $49.00 price target on MB Financial and gave the company a “hold” rating in a research note on Friday, January 12th. Finally, SunTrust Banks reissued a “buy” rating and issued a $52.00 price target on shares of MB Financial in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. MB Financial currently has a consensus rating of “Hold” and a consensus target price of $47.75.
MB Financial Inc (NASDAQ MBFI) opened at $42.06 on Tuesday. MB Financial Inc has a 12 month low of $38.28 and a 12 month high of $47.64. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $3,532.10, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 1.43 and a beta of 1.03.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.10). The firm had revenue of $242.71 million for the quarter, compared to the consensus estimate of $251.78 million. MB Financial had a net margin of 29.25% and a return on equity of 8.11%. During the same quarter in the prior year, the firm earned $0.59 EPS. equities research analysts anticipate that MB Financial Inc will post 2.81 EPS for the current year.
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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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