MB Financial Inc. (MBFI) Shares Bought by Rhumbline Advisers
Rhumbline Advisers increased its stake in MB Financial Inc. (NASDAQ:MBFI) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,026 shares of the bank’s stock after buying an additional 4,427 shares during the period. Rhumbline Advisers owned approximately 0.20% of MB Financial worth $7,356,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of MBFI. World Asset Management Inc bought a new stake in MB Financial during the second quarter valued at $201,000. Capstone Asset Management Co. increased its stake in MB Financial by 5.8% in the first quarter. Capstone Asset Management Co. now owns 4,938 shares of the bank’s stock valued at $211,000 after buying an additional 270 shares during the last quarter. Suntrust Banks Inc. bought a new stake in MB Financial during the first quarter valued at $212,000. Oakbrook Investments LLC bought a new stake in MB Financial during the second quarter valued at $231,000. Finally, KCG Holdings Inc. bought a new stake in MB Financial during the first quarter valued at $238,000. 75.05% of the stock is owned by institutional investors and hedge funds.
Shares of MB Financial Inc. (MBFI) opened at 39.93 on Friday. The firm has a 50-day moving average of $41.01 and a 200-day moving average of $42.69. The firm has a market capitalization of $3.35 billion, a P/E ratio of 18.22 and a beta of 1.13. MB Financial Inc. has a one year low of $35.00 and a one year 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 for the quarter, missing the 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 company had revenue of $239.51 million during the quarter, compared to analyst estimates of $247.39 million. During the same period in the previous year, the company posted $0.58 EPS. On average, equities analysts predict that MB Financial Inc. will post $2.44 earnings per share for the current fiscal year.
MBFI has been the subject of several research analyst reports. Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Tuesday, July 4th. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $48.00 price objective on shares of MB Financial in a report on Sunday, June 11th. ValuEngine downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Finally, Hovde Group reduced their price objective on shares of MB Financial from $49.00 to $45.00 and set a “market perform” rating for the company in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $47.67.
In related news, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $42.30, for a total transaction of $211,500.00. Following the sale, the vice president now owns 71,525 shares in the company, valued at approximately $3,025,507.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James N. Hallene sold 4,877 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $44.40, for a total value of $216,538.80. Following the sale, the director now owns 25,339 shares in the company, valued at approximately $1,125,051.60. The disclosure for this sale can be found here. 7.05% of the stock is owned by corporate insiders.
About MB Financial
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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