Raymond James Financial Services Advisors Inc. increased its position in shares of MB Financial Inc. (NASDAQ:MBFI) by 185.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,107 shares of the bank’s stock after acquiring an additional 18,907 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in MB Financial were worth $1,310,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its stake in MB Financial by 0.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 6,381 shares of the bank’s stock valued at $281,000 after buying an additional 41 shares during the period. Capstone Asset Management Co. increased its stake in MB Financial by 1.6% in the 2nd quarter. Capstone Asset Management Co. now owns 5,018 shares of the bank’s stock valued at $221,000 after buying an additional 80 shares during the period. Suntrust Banks Inc. increased its stake in MB Financial by 4.0% in the 2nd quarter. Suntrust Banks Inc. now owns 5,162 shares of the bank’s stock valued at $226,000 after buying an additional 200 shares during the period. PNC Financial Services Group Inc. increased its stake in MB Financial by 8.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock valued at $144,000 after buying an additional 262 shares during the period. Finally, Stifel Financial Corp increased its stake in MB Financial by 0.3% in the 2nd quarter. Stifel Financial Corp now owns 100,833 shares of the bank’s stock valued at $4,439,000 after buying an additional 278 shares during the period. Institutional investors and hedge funds own 76.61% of the company’s stock.

In other news, VP Jill E. York sold 5,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $44.60, for a total transaction of $223,000.00. Following the transaction, the vice president now owns 65,430 shares in the company, valued at approximately $2,918,178. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.93% of the company’s stock.

MBFI has been the topic of several research reports. Jefferies Group reiterated a “hold” rating and issued a $48.00 price objective on shares of MB Financial in a research note on Friday, September 15th. Zacks Investment Research lowered shares of MB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $45.00 price objective on shares of MB Financial in a research note on Tuesday, October 3rd. Piper Jaffray Companies reiterated a “hold” rating and issued a $44.00 price objective on shares of MB Financial in a research note on Thursday, October 19th. Finally, SunTrust Banks set a $48.00 price objective on shares of MB Financial and gave the company a “buy” rating in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. MB Financial presently has a consensus rating of “Hold” and an average price target of $47.63.

MB Financial Inc. (NASDAQ MBFI) opened at $47.10 on Thursday. The firm has a market cap of $3,804.59, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.84. MB Financial Inc. has a 12 month low of $38.28 and a 12 month high of $48.47.

MB Financial (NASDAQ:MBFI) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.08. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. The company had revenue of $252.21 million for the quarter, compared to analyst estimates of $253.15 million. During the same quarter in the prior year, the business posted $0.61 EPS. equities research analysts expect that MB Financial Inc. will post 2.47 earnings per share for the current year.

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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.

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

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