Westwood Management Corp IL held its position in MB Financial Inc. (NASDAQ:MBFI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,778 shares of the bank’s stock at the end of the second quarter. Westwood Management Corp IL’s holdings in MB Financial were worth $1,223,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capstone Asset Management Co. increased its position 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 period. Suntrust Banks Inc. acquired a new position in MB Financial during the first quarter valued at approximately $212,000. Oakbrook Investments LLC acquired a new position in MB Financial during the second quarter valued at approximately $231,000. KCG Holdings Inc. acquired a new position in MB Financial during the first quarter valued at approximately $238,000. Finally, LS Investment Advisors LLC increased its position in MB Financial by 20.2% in the second quarter. LS Investment Advisors LLC now owns 5,648 shares of the bank’s stock valued at $249,000 after buying an additional 951 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

MB Financial Inc. (MBFI) traded up 0.05% on Monday, hitting $40.52. 214,907 shares of the stock traded hands. MB Financial Inc. has a 12 month low of $35.00 and a 12 month high of $48.47. The firm has a 50-day moving average price of $43.39 and a 200-day moving average price of $43.69. The company has a market capitalization of $3.40 billion, a PE ratio of 18.49 and a beta of 1.14.

MB Financial (NASDAQ:MBFI) last posted its 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. The firm had revenue of $239.51 million for the quarter, compared to analysts’ expectations of $247.39 million. MB Financial had a net margin of 19.12% and a return on equity of 7.99%. During the same period last year, the firm earned $0.58 earnings per share. Analysts forecast that MB Financial Inc. will post $2.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.84 dividend on an annualized basis and a yield of 2.07%. This is a boost from MB Financial’s previous quarterly dividend of $0.19. MB Financial’s dividend payout ratio (DPR) is currently 38.36%.

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MBFI has been the subject of several analyst reports. Keefe, Bruyette & Woods set a $46.00 price objective on shares of MB Financial and gave the stock a “hold” rating in a report on Monday, April 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $48.00 target price on shares of MB Financial in a research note on Tuesday, April 4th. Zacks Investment Research upgraded shares of MB Financial from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Tuesday, April 11th. ValuEngine cut shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Finally, BidaskClub upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $47.67.

In other MB Financial news, Director James N. Hallene sold 4,877 shares of MB Financial stock in a transaction on Friday, June 9th. The shares were sold at an average price of $44.40, for a total transaction of $216,538.80. Following the sale, the director now owns 25,339 shares of the company’s stock, valued at approximately $1,125,051.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mitchell Feiger sold 11,825 shares of MB Financial stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $43.60, for a total transaction of $515,570.00. Following the sale, the insider now directly owns 140,724 shares in the company, valued at approximately $6,135,566.40. The disclosure for this sale can be found here. Insiders sold a total of 21,702 shares of company stock worth $943,609 in the last three months. 4.93% of the stock is owned by corporate insiders.

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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