First Mercantile Trust Co. cut its position in MB Financial Inc (NASDAQ:MBFI) by 7.3% during the 4th quarter, HoldingsChannel reports. The firm owned 6,010 shares of the bank’s stock after selling 470 shares during the quarter. First Mercantile Trust Co.’s holdings in MB Financial were worth $238,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can boosted its holdings in MB Financial by 4.7% in the third quarter. Bank of Montreal Can now owns 61,679 shares of the bank’s stock valued at $2,844,000 after purchasing an additional 2,759 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of MB Financial by 1.8% during the third quarter. Vanguard Group Inc. now owns 7,405,030 shares of the bank’s stock worth $341,446,000 after purchasing an additional 133,089 shares during the last quarter. IndexIQ Advisors LLC grew its holdings in MB Financial by 5.4% during the third quarter. IndexIQ Advisors LLC now owns 223,219 shares of the bank’s stock worth $10,293,000 after acquiring an additional 11,380 shares during the period. Assenagon Asset Management S.A. acquired a new position in MB Financial during the fourth quarter worth $2,911,000. Finally, Commonwealth Bank of Australia acquired a new position in MB Financial during the third quarter worth $262,000. Hedge funds and other institutional investors own 74.50% of the company’s stock.

Shares of NASDAQ MBFI opened at $43.78 on Friday. The company has a market capitalization of $3.69 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.29 and a beta of 1.02. MB Financial Inc has a 12-month low of $37.13 and a 12-month high of $51.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87.

MB Financial (NASDAQ:MBFI) last announced its earnings results on Tuesday, January 22nd. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. MB Financial had a return on equity of 8.06% and a net margin of 19.58%. The firm had revenue of $245.19 million for the quarter, compared to the consensus estimate of $238.95 million. During the same quarter in the previous year, the business earned $0.53 EPS. On average, research analysts forecast that MB Financial Inc will post 3.28 earnings per share for the current year.

Several analysts have weighed in on the company. Zacks Investment Research lowered MB Financial from a “hold” rating to a “sell” rating in a report on Friday, October 26th. Raymond James upgraded MB Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 31st. Finally, BidaskClub upgraded MB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $50.40.

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MB Financial Profile

MB Financial, Inc operates as a bank holding company for MB Financial Bank, N.A. that provides various financial services to small and middle market businesses, and individuals in the United States. The company operates through three segments: Banking, Leasing, and Mortgage Banking. The Banking segment offers commercial banking products, including working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; industrial revenue bond financing; ESOP financing; business acquisition loans; owner occupied real estate loans; asset-based loans; and financial, performance, and commercial letters of credit.

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

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