Jane Street Group LLC Buys 7,250 Shares of MB Financial Inc (MBFI)

Jane Street Group LLC boosted its stake in shares of MB Financial Inc (NASDAQ:MBFI) by 96.2% in the 4th quarter, HoldingsChannel reports. The fund owned 14,786 shares of the bank’s stock after buying an additional 7,250 shares during the period. Jane Street Group LLC’s holdings in MB Financial were worth $658,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Nationwide Fund Advisors increased its position in shares of MB Financial by 9.3% in the third quarter. Nationwide Fund Advisors now owns 206,193 shares of the bank’s stock valued at $9,283,000 after buying an additional 17,544 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of MB Financial by 0.7% in the third quarter. New York State Common Retirement Fund now owns 177,181 shares of the bank’s stock valued at $7,977,000 after buying an additional 1,296 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of MB Financial by 15.7% in the third quarter. Great West Life Assurance Co. Can now owns 49,340 shares of the bank’s stock valued at $2,216,000 after buying an additional 6,686 shares in the last quarter. Legal & General Group Plc increased its position in shares of MB Financial by 20.6% in the third quarter. Legal & General Group Plc now owns 74,657 shares of the bank’s stock valued at $3,364,000 after buying an additional 12,765 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of MB Financial by 17.6% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,229 shares of the bank’s stock valued at $551,000 after buying an additional 1,829 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

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Shares of MBFI opened at $41.62 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.88. MB Financial Inc has a one year low of $38.28 and a one year high of $47.64. The company has a market cap of $3,451.92, a P/E ratio of 17.41, a PEG ratio of 1.39 and a beta of 1.03.

MB Financial (NASDAQ:MBFI) last issued its quarterly earnings results 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). MB Financial had a return on equity of 8.11% and a net margin of 29.25%. The firm had revenue of $242.71 million for the quarter, compared to analysts’ expectations of $251.78 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. equities analysts predict that MB Financial Inc will post 2.82 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.31%. This is a boost from MB Financial’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, March 14th. MB Financial’s payout ratio is presently 40.17%.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded MB Financial from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Thursday. Hovde Group set a $44.00 price objective on MB Financial and gave the company a “hold” rating in a research report on Thursday, February 8th. Sandler O’Neill restated a “hold” rating and issued a $46.00 price objective on shares of MB Financial in a research report on Friday, January 26th. BidaskClub upgraded MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Piper Jaffray reiterated a “hold” rating and set a $45.00 price target on shares of MB Financial in a research report on Sunday, January 28th. Ten research analysts have rated the stock with 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 $46.88.

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MB Financial 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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Institutional Ownership by Quarter for MB Financial (NASDAQ:MBFI)

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