Stifel Financial Corp Increases Holdings in MB Financial Inc. (MBFI)
Stifel Financial Corp raised its stake in MB Financial Inc. (NASDAQ:MBFI) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,912 shares of the bank’s stock after acquiring an additional 5,079 shares during the period. Stifel Financial Corp owned approximately 0.13% of MB Financial worth $4,768,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mutual of America Capital Management LLC increased its holdings in MB Financial by 9.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 165,408 shares of the bank’s stock valued at $7,447,000 after acquiring an additional 14,186 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in MB Financial by 108.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 36,867 shares of the bank’s stock valued at $1,624,000 after acquiring an additional 19,187 shares during the last quarter. Prudential Financial Inc. increased its holdings in MB Financial by 195.3% in the 2nd quarter. Prudential Financial Inc. now owns 156,171 shares of the bank’s stock valued at $6,878,000 after acquiring an additional 103,290 shares during the last quarter. Blair William & Co. IL increased its holdings in MB Financial by 2.4% in the 2nd quarter. Blair William & Co. IL now owns 175,836 shares of the bank’s stock valued at $7,744,000 after acquiring an additional 4,079 shares during the last quarter. Finally, Comerica Bank increased its holdings in MB Financial by 24.9% in the 2nd quarter. Comerica Bank now owns 68,769 shares of the bank’s stock valued at $2,769,000 after acquiring an additional 13,701 shares during the last quarter. Institutional investors own 76.61% of the company’s stock.
In other MB Financial news, VP Jill E. York sold 5,000 shares of MB Financial stock in a transaction 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 completion of the transaction, the vice president now directly owns 65,430 shares of the company’s stock, valued at approximately $2,918,178. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark A. Heckler sold 13,804 shares of MB Financial stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $46.25, for a total transaction of $638,435.00. Following the completion of the transaction, the insider now directly owns 55,236 shares of the company’s stock, valued at $2,554,665. The disclosure for this sale can be found here. Company insiders own 7.05% of the company’s stock.
MB Financial Inc. (MBFI) opened at $44.71 on Friday. MB Financial Inc. has a 52 week low of $38.28 and a 52 week high of $48.47. The company has a market cap of $3,677.92, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.69 and a beta of 1.19. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.24.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.08. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. The business had revenue of $252.21 million during the quarter, compared to analysts’ expectations of $253.15 million. During the same period last year, the company posted $0.61 EPS. sell-side analysts anticipate that MB Financial Inc. will post 2.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.21 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.88%. MB Financial’s payout ratio is currently 35.90%.
MBFI has been the topic of a number of research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $45.00 price target on shares of MB Financial in a report on Tuesday, August 29th. SunTrust Banks set a $48.00 price target on shares of MB Financial and gave the company a “buy” rating in a report on Friday, October 20th. Jefferies Group reiterated a “hold” rating and issued a $48.00 price target on shares of MB Financial in a report on Friday, September 15th. Zacks Investment Research upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $44.00 price objective on shares of MB Financial in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $47.63.
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About MB Financial
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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