CrestPoint Capital Management LLC raised its position in shares of MB Financial Inc. (NASDAQ:MBFI) by 31.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,300 shares of the bank’s stock after buying an additional 8,900 shares during the period. CrestPoint Capital Management LLC’s holdings in MB Financial were worth $1,643,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Credit Agricole S A acquired a new stake in MB Financial during the fourth quarter worth about $154,000. Sei Investments Co. increased its stake in MB Financial by 21.0% in the first quarter. Sei Investments Co. now owns 41,290 shares of the bank’s stock worth $1,768,000 after buying an additional 7,180 shares during the period. AQR Capital Management LLC increased its stake in MB Financial by 51.3% in the fourth quarter. AQR Capital Management LLC now owns 75,065 shares of the bank’s stock worth $3,545,000 after buying an additional 25,439 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in MB Financial by 1.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 32,920 shares of the bank’s stock worth $1,410,000 after buying an additional 440 shares during the period. Finally, Teachers Advisors LLC increased its stake in MB Financial by 8.0% in the fourth quarter. Teachers Advisors LLC now owns 118,139 shares of the bank’s stock worth $5,580,000 after buying an additional 8,746 shares during the period. Institutional investors own 74.48% of the company’s stock.
Shares of MB Financial Inc. (NASDAQ:MBFI) traded down 0.79% during midday trading on Friday, hitting $38.89. 431,803 shares of the stock were exchanged. MB Financial Inc. has a 1-year low of $35.00 and a 1-year high of $48.47. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 17.74 and a beta of 1.13. The stock’s 50-day moving average price is $42.32 and its 200-day moving average price is $43.16.
MB Financial (NASDAQ:MBFI) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.10. MB Financial had a return on equity of 7.99% and a net margin of 19.12%. The firm had revenue of $239.51 million during the quarter, compared to analysts’ expectations of $247.39 million. During the same period last year, the business posted $0.58 EPS. On average, analysts forecast that MB Financial Inc. will post $2.44 EPS for the current year.
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MBFI has been the topic of a number of recent research reports. BidaskClub downgraded shares of MB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. ValuEngine downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Hovde Group lowered their target price on shares of MB Financial from $49.00 to $45.00 and set a “market perform” rating on the stock in a report on Monday, July 24th. Finally, Piper Jaffray Companies downgraded shares of MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 target price on the stock. in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average 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 firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $43.60, for a total value of $515,570.00. Following the completion of the transaction, the insider now owns 140,724 shares in the company, valued at approximately $6,135,566.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jill E. York sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $42.30, for a total value of $211,500.00. Following the completion of the transaction, the vice president now owns 71,525 shares of the company’s stock, valued at approximately $3,025,507.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,702 shares of company stock valued at $943,609. 7.05% of the stock is owned by corporate insiders.
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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