Swiss National Bank boosted its stake in MB Financial Inc (NASDAQ:MBFI) by 5.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 146,312 shares of the bank’s stock after acquiring an additional 7,500 shares during the quarter. Swiss National Bank’s holdings in MB Financial were worth $6,833,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. OLD Second National Bank of Aurora grew its stake in MB Financial by 8.9% in the 2nd quarter. OLD Second National Bank of Aurora now owns 14,041 shares of the bank’s stock valued at $656,000 after acquiring an additional 1,143 shares during the period. Arizona State Retirement System grew its stake in MB Financial by 2.7% in the 2nd quarter. Arizona State Retirement System now owns 58,373 shares of the bank’s stock valued at $2,726,000 after acquiring an additional 1,532 shares during the period. Rhumbline Advisers grew its stake in MB Financial by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 166,940 shares of the bank’s stock valued at $7,796,000 after acquiring an additional 1,652 shares during the period. HGK Asset Management Inc. grew its stake in MB Financial by 19.5% in the 2nd quarter. HGK Asset Management Inc. now owns 12,968 shares of the bank’s stock valued at $606,000 after acquiring an additional 2,115 shares during the period. Finally, OppenheimerFunds Inc. grew its stake in MB Financial by 0.4% in the 1st quarter. OppenheimerFunds Inc. now owns 571,403 shares of the bank’s stock valued at $23,130,000 after acquiring an additional 2,540 shares during the period. 74.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MBFI stock opened at $48.73 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.91. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.63 and a beta of 1.03. MB Financial Inc has a fifty-two week low of $38.38 and a fifty-two week high of $51.59.
MB Financial (NASDAQ:MBFI) last posted its quarterly earnings results on Wednesday, July 18th. The bank reported $0.68 EPS for the quarter, hitting the consensus estimate of $0.68. MB Financial had a return on equity of 7.92% and a net margin of 27.78%. The business had revenue of $247.38 million for the quarter, compared to analyst estimates of $241.37 million. During the same quarter in the previous year, the firm earned $0.51 EPS. sell-side analysts expect that MB Financial Inc will post 2.86 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.97%. MB Financial’s dividend payout ratio is presently 40.17%.
MBFI has been the topic of a number of research reports. Zacks Investment Research lowered MB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. BidaskClub lowered MB Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 28th. ValuEngine upgraded MB Financial from a “hold” rating to a “buy” rating in a report on Tuesday, May 22nd. DA Davidson raised their price objective on MB Financial to $54.20 in a report on Tuesday, May 22nd. Finally, SunTrust Banks lowered MB Financial from a “buy” rating to a “hold” rating in a report on Friday, June 1st. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $47.90.
MB Financial Profile
MB Financial, Inc operates as a bank holding company for MB Financial Bank, N.A. that provides various financial services to small and middle market businesses, and individuals in the United States. The company operates through three segments: Banking, Leasing, and Mortgage Banking. The Banking segment offers commercial banking products, including working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; industrial revenue bond financing; ESOP financing; business acquisition loans; owner occupied real estate loans; asset-based loans; and financial, performance, and commercial letters of credit.
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