MB Financial Inc. (MBFI) Shares Bought by Pacer Advisors Inc.
Pacer Advisors Inc. lifted its holdings in shares of MB Financial Inc. (NASDAQ:MBFI) by 11.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,812 shares of the bank’s stock after purchasing an additional 1,325 shares during the quarter. Pacer Advisors Inc.’s holdings in MB Financial were worth $577,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its stake in MB Financial by 50.6% during the second quarter. Riverhead Capital Management LLC now owns 2,560 shares of the bank’s stock worth $113,000 after acquiring an additional 860 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in MB Financial by 20.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock valued at $143,000 after purchasing an additional 556 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in MB Financial by 8.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock valued at $144,000 after purchasing an additional 262 shares during the last quarter. World Asset Management Inc bought a new position in MB Financial during the 2nd quarter worth approximately $201,000. Finally, HighPoint Advisor Group LLC bought a new position in MB Financial during the 3rd quarter worth approximately $208,000. Institutional investors and hedge funds own 76.61% of the company’s stock.
Shares of MB Financial Inc. (NASDAQ:MBFI) opened at $46.55 on Friday. The firm has a market cap of $3,804.59, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21. MB Financial Inc. has a 52-week low of $38.28 and a 52-week high of $48.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.84.
MB Financial (NASDAQ:MBFI) last announced its earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.08. The business had revenue of $252.21 million during the quarter, compared to the consensus estimate of $253.15 million. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. During the same quarter last year, the firm earned $0.61 earnings per share. equities research analysts expect that MB Financial Inc. will post 2.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.80%. The ex-dividend date is Thursday, December 14th. MB Financial’s dividend payout ratio is 35.90%.
MBFI has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $45.00 target price on shares of MB Financial in a report on Tuesday, August 29th. Jefferies Group reiterated a “hold” rating and set a $48.00 price target on shares of MB Financial in a research report on Friday, September 15th. Zacks Investment Research upgraded MB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Piper Jaffray Companies reiterated a “hold” rating and set a $44.00 price target on shares of MB Financial in a research report on Thursday, October 19th. Finally, SunTrust Banks set a $48.00 target price on MB Financial and gave the stock a “buy” rating in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $47.63.
In other news, VP Jill E. York sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $44.60, for a total value of $223,000.00. Following the sale, the vice president now owns 65,430 shares of the company’s stock, valued at $2,918,178. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.93% of the company’s stock.
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MB Financial 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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