MB Financial Inc. (NASDAQ:MBFI) hit a new 52-week high during trading on Tuesday . The stock traded as high as $39.14 and last traded at $39.01, with a volume of 525,047 shares. The stock had previously closed at $38.56.

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reissued a “hold” rating on shares of MB Financial in a report on Saturday, July 9th. Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Saturday, July 9th. DA Davidson assumed coverage on shares of MB Financial in a report on Thursday, April 7th. They issued a “neutral” rating and a $36.00 price target for the company. Finally, Piper Jaffray Cos. assumed coverage on shares of MB Financial in a report on Friday, June 10th. They issued an “overweight” rating and a $41.00 price target for the company. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $35.39.

The stock has a 50 day moving average price of $36.35 and a 200-day moving average price of $33.45. The firm has a market capitalization of $2.84 billion and a price-to-earnings ratio of 18.06.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a dividend of $0.19 per share. This is a boost from MB Financial’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, June 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.96%.

In other news, Director Thomas H. Harvey sold 12,900 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $34.12, for a total transaction of $440,148.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Rose Marie Bouman sold 2,781 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $36.36, for a total transaction of $101,117.16. Following the transaction, the insider now owns 72,607 shares in the company, valued at $2,639,990.52. The disclosure for this sale can be found here.

Several large investors recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of MB Financial by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,823,111 shares of the company’s stock valued at $156,126,000 after buying an additional 197,519 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of MB Financial by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 466,315 shares of the company’s stock valued at $15,095,000 after buying an additional 15,862 shares in the last quarter. First Trust Advisors LP increased its stake in shares of MB Financial by 28.9% in the fourth quarter. First Trust Advisors LP now owns 160,598 shares of the company’s stock valued at $5,199,000 after buying an additional 36,019 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of MB Financial by 1.0% in the fourth quarter. California Public Employees Retirement System now owns 157,500 shares of the company’s stock valued at $5,098,000 after buying an additional 1,600 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of MB Financial by 0.7% in the fourth quarter. New York State Common Retirement Fund now owns 126,509 shares of the company’s stock valued at $4,095,000 after buying an additional 900 shares in the last quarter.

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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