Legal & General Group Plc raised its holdings in MB Financial Inc (NASDAQ:MBFI) by 20.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,657 shares of the bank’s stock after purchasing an additional 12,765 shares during the quarter. Legal & General Group Plc owned 0.09% of MB Financial worth $3,364,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of MB Financial by 2.4% in the 2nd quarter. BlackRock Inc. now owns 7,927,754 shares of the bank’s stock valued at $349,139,000 after purchasing an additional 185,340 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of MB Financial by 1.6% in the 2nd 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. Northern Trust Corp lifted its stake in shares of MB Financial by 13.8% in the 2nd quarter. Northern Trust Corp now owns 1,734,133 shares of the bank’s stock valued at $76,372,000 after acquiring an additional 210,352 shares during the last quarter. Channing Capital Management LLC lifted its stake in shares of MB Financial by 1.5% in the 3rd quarter. Channing Capital Management LLC now owns 1,598,971 shares of the bank’s stock valued at $71,986,000 after acquiring an additional 23,593 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of MB Financial by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,582,553 shares of the bank’s stock valued at $69,696,000 after acquiring an additional 102,149 shares during the last quarter. 76.48% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $49.00 price target on shares of MB Financial in a research note on Friday. BidaskClub upgraded MB Financial from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research upgraded MB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Jefferies Group reiterated a “hold” rating and issued a $49.00 price target on shares of MB Financial in a research note on Thursday, October 12th. Finally, SunTrust Banks set a $48.00 price target on MB Financial and gave the company a “buy” rating in a research note on Friday, October 20th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. MB Financial currently has an average rating of “Hold” and a consensus price target of $48.13.
MB Financial (NASDAQ:MBFI) last announced its earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.08. The business had revenue of $252.21 million during the quarter, compared to analyst estimates 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 research analysts anticipate that MB Financial Inc will post 2.48 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, December 14th. MB Financial’s dividend payout ratio is currently 35.74%.
In related news, insider Mark A. Heckler sold 13,804 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $46.25, for a total transaction of $638,435.00. Following the completion of the transaction, the insider now directly owns 55,236 shares of the company’s stock, valued at approximately $2,554,665. 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 on Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total value of $223,000.00. Following the transaction, the vice president now directly owns 65,430 shares of the company’s stock, valued at $2,918,178. The disclosure for this sale can be found here. 7.05% of the stock is owned by company insiders.
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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