MetLife Investment Advisors LLC increased its stake in MB Financial Inc (NASDAQ:MBFI) by 3.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 90,733 shares of the bank’s stock after acquiring an additional 2,893 shares during the period. MetLife Investment Advisors LLC’s holdings in MB Financial were worth $4,237,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in MBFI. Summit Trail Advisors LLC raised its stake in MB Financial by 4,271.2% in the first quarter. Summit Trail Advisors LLC now owns 3,247,650 shares of the bank’s stock worth $3,248,000 after buying an additional 3,173,354 shares in the last quarter. Voya Investment Management LLC raised its stake in MB Financial by 547.4% in the second quarter. Voya Investment Management LLC now owns 744,892 shares of the bank’s stock worth $34,786,000 after buying an additional 629,830 shares in the last quarter. Water Island Capital LLC bought a new position in MB Financial in the second quarter worth about $28,616,000. Canada Pension Plan Investment Board bought a new position in MB Financial in the second quarter worth about $20,128,000. Finally, BlackRock Inc. raised its stake in MB Financial by 4.3% in the second quarter. BlackRock Inc. now owns 9,403,590 shares of the bank’s stock worth $439,147,000 after buying an additional 384,850 shares in the last quarter. 74.19% of the stock is owned by institutional investors.
In other MB Financial news, VP Jill E. York sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $48.75, for a total transaction of $243,750.00. Following the completion of the transaction, the vice president now owns 62,691 shares of the company’s stock, valued at $3,056,186.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.69% of the stock is currently owned by company insiders.
A number of research firms recently issued reports on MBFI. BidaskClub downgraded shares of MB Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 28th. Zacks Investment Research raised shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. ValuEngine downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 11th. SunTrust Banks downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Finally, DA Davidson increased their price target on shares of MB Financial to $54.20 in a research note on Tuesday, May 22nd. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $47.90.
Shares of NASDAQ MBFI opened at $47.01 on Wednesday. MB Financial Inc has a fifty-two week low of $39.15 and a fifty-two week high of $51.59. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.60 and a beta of 1.03. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.34.
MB Financial (NASDAQ:MBFI) last announced its earnings results on Wednesday, July 18th. The bank reported $0.68 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.68. MB Financial had a net margin of 27.78% and a return on equity of 7.92%. The business had revenue of $247.38 million during the quarter, compared to the consensus estimate of $241.37 million. During the same quarter last year, the firm earned $0.51 earnings per share. sell-side analysts anticipate that MB Financial Inc will post 2.86 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, September 13th. MB Financial’s dividend payout ratio is 40.17%.
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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