MB Financial Inc. (MBFI) Insider John Francoeur Sells 600 Shares
MB Financial Inc. (NASDAQ:MBFI) insider John Francoeur sold 600 shares of the company’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $43.00, for a total transaction of $25,800.00. Following the completion of the sale, the insider now directly owns 7,382 shares in the company, valued at $317,426. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
MB Financial Inc. (NASDAQ:MBFI) traded down 0.44% during midday trading on Monday, hitting $42.71. 93,782 shares of the stock traded hands. The company’s 50 day moving average is $37.89 and its 200-day moving average is $37.21. MB Financial Inc. has a one year low of $27.98 and a one year high of $43.20. The company has a market cap of $3.31 billion, a P/E ratio of 19.68 and a beta of 1.07.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.76 annualized dividend and a yield of 1.77%. MB Financial’s dividend payout ratio is currently 35.19%.
A number of large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of MB Financial by 9.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,699 shares of the company’s stock valued at $103,000 after buying an additional 242 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of MB Financial by 77.2% in the second quarter. Victory Capital Management Inc. now owns 3,130 shares of the company’s stock valued at $114,000 after buying an additional 1,364 shares in the last quarter. BlackRock Inc. raised its stake in shares of MB Financial by 140.4% in the first quarter. BlackRock Inc. now owns 5,156 shares of the company’s stock valued at $168,000 after buying an additional 3,011 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of MB Financial by 87.3% in the third quarter. LS Investment Advisors LLC now owns 4,607 shares of the company’s stock valued at $175,000 after buying an additional 2,147 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of MB Financial during the third quarter valued at approximately $194,000. Hedge funds and other institutional investors own 67.27% of the company’s stock.
MBFI has been the topic of several recent research reports. DA Davidson upped their price target on shares of MB Financial from $39.19 to $43.00 and gave the company a “neutral” rating in a report on Friday, August 26th. Sandler O’Neill lowered shares of MB Financial from a “buy” rating to a “hold” rating in a report on Friday, August 26th. JMP Securities initiated coverage on shares of MB Financial in a report on Friday, September 16th. They issued a “market perform” rating on the stock. Zacks Investment Research lowered shares of MB Financial from a “buy” rating to a “hold” rating in a report on Monday, September 26th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $39.00 price target on shares of MB Financial in a report on Tuesday, November 1st. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.06.
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.
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