Texas Permanent School Fund Boosts Stake in MB Financial Inc. (NASDAQ:MBFI)
Texas Permanent School Fund boosted its position in MB Financial Inc. (NASDAQ:MBFI) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 52,026 shares of the bank’s stock after buying an additional 501 shares during the period. Texas Permanent School Fund’s holdings in MB Financial were worth $2,291,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of MB Financial by 197.2% in the first quarter. Wells Fargo & Company MN now owns 446,257 shares of the bank’s stock worth $19,109,000 after buying an additional 296,089 shares during the last quarter. North Star Investment Management Corp. raised its position in shares of MB Financial by 3.4% in the first quarter. North Star Investment Management Corp. now owns 188,884 shares of the bank’s stock worth $8,088,000 after buying an additional 6,252 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of MB Financial by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,888 shares of the bank’s stock worth $1,066,000 after buying an additional 300 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of MB Financial by 2.9% in the first quarter. Russell Investments Group Ltd. now owns 504,536 shares of the bank’s stock worth $21,605,000 after buying an additional 14,319 shares during the last quarter. Finally, Dubuque Bank & Trust Co. purchased a new position in shares of MB Financial during the first quarter worth $275,000. 74.48% of the stock is currently owned by institutional investors.
Shares of MB Financial Inc. (MBFI) opened at 39.20 on Friday. MB Financial Inc. has a one year low of $35.00 and a one year high of $48.47. The company has a market cap of $3.29 billion, a P/E ratio of 17.88 and a beta of 1.13. The company’s 50-day moving average price is $42.32 and its 200 day moving average price is $43.16.
MB Financial (NASDAQ:MBFI) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.10. The company 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 quarter in the previous year, the firm posted $0.58 EPS. On average, equities research analysts anticipate that MB Financial Inc. will post $2.44 earnings per share for the current year.
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A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised MB Financial from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Tuesday, July 4th. BidaskClub raised MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Jefferies Group LLC reaffirmed a “hold” rating and set a $48.00 target price on shares of MB Financial in a research report on Sunday, June 11th. Wedbush reaffirmed a “neutral” rating and set a $48.00 target price on shares of MB Financial in a research report on Tuesday, June 27th. Finally, ValuEngine lowered MB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. MB Financial presently has an average rating of “Hold” and an average target price of $47.67.
In other MB Financial news, VP Jill E. York sold 5,000 shares of MB Financial stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $42.30, for a total transaction of $211,500.00. Following the completion of the transaction, the vice president now owns 71,525 shares in the company, valued at $3,025,507.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $216,538.80. Following the transaction, the director now owns 25,339 shares of the company’s stock, valued at approximately $1,125,051.60. The disclosure for this sale can be found here. Insiders have sold 21,702 shares of company stock valued at $943,609 in the last quarter. 7.05% of the stock is owned by company 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.
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