CIBC Private Wealth Group LLC Raises Position in MB Financial Inc (MBFI)

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CIBC Private Wealth Group LLC increased its holdings in MB Financial Inc (NASDAQ:MBFI) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 259,673 shares of the bank’s stock after buying an additional 300 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.31% of MB Financial worth $10,291,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. increased its holdings in MB Financial by 1.8% in the 3rd quarter. BlackRock Inc. now owns 9,573,702 shares of the bank’s stock worth $441,444,000 after buying an additional 170,112 shares during the period. Vanguard Group Inc. increased its holdings in MB Financial by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,405,030 shares of the bank’s stock worth $341,446,000 after buying an additional 133,089 shares during the period. Vanguard Group Inc increased its holdings in MB Financial by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 7,405,030 shares of the bank’s stock worth $341,446,000 after buying an additional 133,089 shares during the period. Bank of New York Mellon Corp increased its holdings in MB Financial by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,330,334 shares of the bank’s stock worth $61,342,000 after buying an additional 19,213 shares during the period. Finally, Water Island Capital LLC increased its holdings in MB Financial by 110.4% in the 3rd quarter. Water Island Capital LLC now owns 1,289,108 shares of the bank’s stock worth $59,441,000 after buying an additional 676,348 shares during the period. Institutional investors own 76.23% of the company’s stock.

A number of equities research analysts have recently commented on MBFI shares. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Zacks Investment Research raised shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Finally, Raymond James raised shares of MB Financial from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 31st. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $50.40.

Shares of NASDAQ MBFI opened at $44.33 on Thursday. The company has a market cap of $3.69 billion, a PE ratio of 16.42, a PEG ratio of 1.27 and a beta of 1.02. MB Financial Inc has a 12 month low of $37.13 and a 12 month high of $51.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87.

MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $245.19 million for the quarter, compared to analysts’ expectations of $238.95 million. MB Financial had a net margin of 19.58% and a return on equity of 8.06%. During the same quarter last year, the company earned $0.53 EPS. As a group, analysts forecast that MB Financial Inc will post 3.28 EPS for the current fiscal year.

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About MB Financial

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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Institutional Ownership by Quarter for MB Financial (NASDAQ:MBFI)

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