MB Financial Inc. (NASDAQ:MBFI) Shares Bought by Texas Permanent School Fund
Texas Permanent School Fund increased its position in MB Financial Inc. (NASDAQ:MBFI) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,026 shares of the bank’s stock after buying an additional 501 shares during the period. Texas Permanent School Fund owned approximately 0.06% of MB Financial worth $2,291,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of MBFI. BlackRock Inc. raised its stake in shares of MB Financial by 17,590.9% in the first quarter. BlackRock Inc. now owns 7,742,414 shares of the bank’s stock worth $331,530,000 after buying an additional 7,698,649 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of MB Financial by 8.6% in the first quarter. Vanguard Group Inc. now owns 6,427,280 shares of the bank’s stock worth $275,215,000 after buying an additional 510,128 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of MB Financial by 197.2% in the first quarter. Wells Fargo & Company MN now owns 446,257 shares of the bank’s stock worth $19,109,000 after buying an additional 296,089 shares in the last quarter. State Street Corp raised its stake in shares of MB Financial by 4.6% in the first quarter. State Street Corp now owns 3,637,900 shares of the bank’s stock worth $155,776,000 after buying an additional 159,350 shares in the last quarter. Finally, Channing Capital Management LLC raised its stake in shares of MB Financial by 8.9% in the first quarter. Channing Capital Management LLC now owns 1,630,866 shares of the bank’s stock worth $69,834,000 after buying an additional 133,370 shares in the last quarter. 74.48% of the stock is currently owned by hedge funds and other institutional investors.
MB Financial Inc. (NASDAQ:MBFI) opened at 39.20 on Friday. The firm has a market capitalization of $3.29 billion, a P/E ratio of 17.88 and a beta of 1.13. The firm’s 50-day moving average is $42.32 and its 200-day moving average is $43.16. MB Financial Inc. has a 52-week low of $35.00 and a 52-week high of $48.47.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings results on Thursday, July 20th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.10. MB Financial had a net margin of 19.12% and a return on equity of 7.99%. The business had revenue of $239.51 million during the quarter, compared to analyst estimates of $247.39 million. During the same period last year, the firm posted $0.58 earnings per share. On average, equities analysts expect that MB Financial Inc. will post $2.44 earnings per share for the current year.
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A number of equities research analysts have commented on MBFI shares. Zacks Investment Research lowered shares of MB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. ValuEngine lowered shares of MB Financial from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Wedbush reissued a “neutral” rating and set a $48.00 price objective on shares of MB Financial in a report on Tuesday, June 27th. Finally, Piper Jaffray Companies lowered shares of MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $47.67.
In other MB Financial news, VP Jill E. York sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $42.30, for a total value of $211,500.00. Following the transaction, the vice president now directly owns 71,525 shares of the company’s stock, valued at $3,025,507.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mitchell Feiger sold 11,825 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $43.60, for a total value of $515,570.00. Following the completion of the transaction, the insider now directly owns 140,724 shares in the company, valued at $6,135,566.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,702 shares of company stock worth $943,609. Insiders own 7.05% of the company’s stock.
MB Financial Company Profile
MB Financial, Inc (MB Financial) is a financial holding company. The Company’s segments include banking, leasing and mortgage banking. As of December 31, 2016, the Company’s primary market was the Chicago metropolitan area, in which the Company operated 95 banking offices through its bank subsidiary, MB Financial Bank, N.A.
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