California State Teachers Retirement System decreased its position in shares of MB Financial Inc. (NASDAQ:MBFI) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,571 shares of the bank’s stock after selling 5,946 shares during the period. California State Teachers Retirement System owned approximately 0.17% of MB Financial worth $6,323,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. increased its position in MB Financial by 2.4% during the second quarter. BlackRock Inc. now owns 7,927,754 shares of the bank’s stock valued at $349,139,000 after acquiring an additional 185,340 shares during the last quarter. Vanguard Group Inc. increased its position in MB Financial by 1.6% during the second quarter. Vanguard Group Inc. now owns 6,531,759 shares of the bank’s stock valued at $287,658,000 after acquiring an additional 104,479 shares during the last quarter. State Street Corp grew its holdings in shares of MB Financial by 4.6% in the first quarter. State Street Corp now owns 3,637,900 shares of the bank’s stock worth $155,776,000 after purchasing an additional 159,350 shares during the last quarter. Northern Trust Corp grew its holdings in shares of MB Financial by 13.8% in the second quarter. Northern Trust Corp now owns 1,734,133 shares of the bank’s stock worth $76,372,000 after purchasing an additional 210,352 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of MB Financial by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,582,553 shares of the bank’s stock worth $69,696,000 after purchasing an additional 102,149 shares during the last quarter. Institutional investors and hedge funds own 74.84% of the company’s stock.
In related news, Director Ronald D. Santo sold 2,542 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $39.78, for a total transaction of $101,120.76. Following the completion of the sale, the director now directly owns 59,505 shares of the company’s stock, valued at approximately $2,367,108.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.05% of the stock is currently owned by company insiders.
MB Financial Inc. (NASDAQ:MBFI) opened at 46.50 on Friday. The company has a market capitalization of $3.90 billion, a PE ratio of 21.21 and a beta of 1.18. MB Financial Inc. has a 12-month low of $35.65 and a 12-month high of $48.47. The stock has a 50 day moving average of $44.40 and a 200-day moving average of $42.57.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.08. The firm had revenue of $252.21 million during the quarter, compared to the consensus estimate of $253.15 million. MB Financial had a return on equity of 8.40% and a net margin of 20.21%. During the same period last year, the company earned $0.61 EPS. Equities analysts expect that MB Financial Inc. will post $2.47 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Thursday, September 14th. MB Financial’s payout ratio is 35.90%.
A number of research analysts have recently commented on MBFI shares. Zacks Investment Research upgraded shares of MB Financial from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Tuesday, July 4th. SunTrust Banks, Inc. set a $48.00 price target on shares of MB Financial and gave the stock a “buy” rating in a report on Friday, October 20th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $45.00 price target on shares of MB Financial in a report on Tuesday, October 3rd. Jefferies Group LLC restated a “hold” rating and issued a $48.00 price target on shares of MB Financial in a report on Friday, September 15th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $44.00 price target on shares of MB Financial in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. MB Financial presently has a consensus rating of “Hold” and an average price target of $47.50.
About MB Financial
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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