Public Employees Retirement Association of Colorado reduced its stake in shares of MB Financial Inc. (NASDAQ:MBFI) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 387,965 shares of the company’s stock after selling 259 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.53% of MB Financial worth $14,075,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MBFI. BNP Paribas Arbitrage SA raised its stake in shares of MB Financial by 121.5% in the second quarter. BNP Paribas Arbitrage SA now owns 21,964 shares of the company’s stock valued at $797,000 after buying an additional 12,049 shares in the last quarter. Endeavour Capital Advisors Inc. raised its stake in shares of MB Financial by 0.7% in the first quarter. Endeavour Capital Advisors Inc. now owns 126,469 shares of the company’s stock valued at $4,104,000 after buying an additional 884 shares in the last quarter. Barclays PLC raised its stake in shares of MB Financial by 132.5% in the first quarter. Barclays PLC now owns 8,369 shares of the company’s stock valued at $268,000 after buying an additional 4,769 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of MB Financial by 33.3% in the first quarter. Wellington Management Group LLP now owns 2,888,141 shares of the company’s stock valued at $93,720,000 after buying an additional 721,226 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of MB Financial by 9.9% in the first quarter. Geode Capital Management LLC now owns 498,589 shares of the company’s stock valued at $16,179,000 after buying an additional 45,088 shares in the last quarter. Hedge funds and other institutional investors own 64.18% of the company’s stock.

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

MB Financial Inc. (NASDAQ:MBFI) traded up 0.61% on Wednesday, reaching $37.91. The company’s stock had a trading volume of 268,657 shares. The firm has a market capitalization of $2.79 billion, a PE ratio of 17.71 and a beta of 1.06. The stock’s 50 day moving average is $38.34 and its 200-day moving average is $36.34. MB Financial Inc. has a 52 week low of $27.98 and a 52 week high of $39.50.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.76 dividend on an annualized basis and a yield of 2.02%. MB Financial’s payout ratio is 35.68%.

MBFI has been the subject of a number of recent research reports. JMP Securities initiated coverage on MB Financial in a research note on Friday, September 16th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded MB Financial from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Friday, October 7th. JPMorgan Chase & Co. increased their target price on MB Financial from $35.50 to $36.50 and gave the company a “neutral” rating in a research note on Thursday, July 7th. Sandler O’Neill lowered MB Financial from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Finally, DA Davidson increased their target price on MB Financial from $39.19 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 26th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. MB Financial presently has a consensus rating of “Hold” and a consensus price target of $36.28.

In related news, insider Rose Marie Bouman sold 1,424 shares of MB Financial stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $38.67, for a total transaction of $55,066.08. Following the completion of the sale, the insider now owns 67,463 shares of the company’s stock, valued at $2,608,794.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas H. Harvey sold 20,000 shares of MB Financial stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $37.96, for a total value of $759,200.00. The disclosure for this sale can be found here. Corporate insiders own 7.05% of the company’s stock.

MB Financial Company Profile

MB Financial, Inc is a financial holding company. The Company, through its bank subsidiary, MB Financial Bank, N.A., offers a range of financial services to small and middle market businesses, and individuals. The Company’s segments include banking, leasing and mortgage banking. Its banking segment includes lending and deposit gathering activities.

5 Day Chart for NASDAQ:MBFI

Receive News & Stock Ratings for MB Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MB Financial Inc. and related stocks with our FREE daily email newsletter.