Eaton Vance Management boosted its stake in MB Financial Inc. (NASDAQ:MBFI) by 48.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 89,021 shares of the company’s stock after buying an additional 29,208 shares during the period. Eaton Vance Management owned about 0.12% of MB Financial worth $3,230,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in MB Financial by 33.3% in the first quarter. Wellington Management Group LLP now owns 2,888,141 shares of the company’s stock worth $93,720,000 after buying an additional 721,226 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in MB Financial by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,795,095 shares of the company’s stock worth $58,251,000 after buying an additional 12,360 shares during the last quarter. RidgeWorth Capital Management LLC boosted its position in MB Financial by 1.7% in the second quarter. RidgeWorth Capital Management LLC now owns 1,702,300 shares of the company’s stock worth $61,470,000 after buying an additional 28,900 shares during the last quarter. Bank of New York Mellon Corp boosted its position in MB Financial by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 1,538,494 shares of the company’s stock worth $55,816,000 after buying an additional 22,981 shares during the last quarter. Finally, Trust Department MB Financial Bank N A boosted its position in MB Financial by 2.3% in the second quarter. Trust Department MB Financial Bank N A now owns 705,860 shares of the company’s stock worth $24,310,000 after buying an additional 15,943 shares during the last quarter. Institutional investors and hedge funds own 64.18% of the company’s stock.

MB Financial Inc. (NASDAQ:MBFI) traded up 0.05% during mid-day trading on Wednesday, reaching $37.88. 174,189 shares of the company were exchanged. MB Financial Inc. has a one year low of $27.98 and a one year high of $39.50. The stock has a 50 day moving average of $38.71 and a 200-day moving average of $35.80. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 17.69 and a beta of 1.09.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Tuesday, September 13th. MB Financial’s payout ratio is presently 35.68%.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. reiterated a “hold” rating on shares of MB Financial in a research note on Saturday, July 9th. Zacks Investment Research upgraded shares of MB Financial from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Saturday, July 9th. Sandler O’Neill cut shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. JMP Securities assumed coverage on shares of MB Financial in a research note on Friday, September 16th. They issued a “market perform” rating on the stock. Finally, Piper Jaffray Cos. assumed coverage on shares of MB Financial in a research note on Friday, June 10th. They issued an “overweight” rating and a $41.00 target price on the stock. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. MB Financial currently has a consensus rating of “Hold” and a consensus target price of $36.17.

In other news, Director Thomas H. Harvey sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $37.96, for a total transaction of $759,200.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian J. Wildman sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $38.42, for a total transaction of $153,680.00. Following the sale, the insider now directly owns 31,155 shares in the company, valued at approximately $1,196,975.10. The disclosure for this sale can be found here. Insiders own 7.05% of the company’s stock.

MB Financial Company Profile

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.

5 Day Chart for NASDAQ:MBFI

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