Schwab Charles Investment Management Inc. grew its holdings in shares of MB Financial Inc (NASDAQ:MBFI) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 554,559 shares of the bank’s stock after purchasing an additional 44,874 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.66% of MB Financial worth $25,898,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. increased its position in shares of MB Financial by 9.7% in the 1st quarter. Franklin Resources Inc. now owns 772,832 shares of the bank’s stock valued at $31,285,000 after acquiring an additional 68,638 shares during the period. Dupont Capital Management Corp acquired a new position in shares of MB Financial in the 2nd quarter valued at $2,825,000. CIBC Private Wealth Group LLC increased its position in shares of MB Financial by 1,463.7% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 259,373 shares of the bank’s stock valued at $12,113,000 after acquiring an additional 242,786 shares during the period. Meeder Asset Management Inc. increased its position in shares of MB Financial by 971.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 26,369 shares of the bank’s stock valued at $1,231,000 after acquiring an additional 23,909 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of MB Financial by 62.6% in the 1st quarter. Prudential Financial Inc. now owns 100,481 shares of the bank’s stock valued at $4,067,000 after acquiring an additional 38,670 shares during the period. Hedge funds and other institutional investors own 74.26% of the company’s stock.

Shares of MBFI opened at $48.73 on Friday. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 1.63 and a beta of 1.03. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.91. MB Financial Inc has a fifty-two week low of $38.38 and a fifty-two week high of $51.59.

MB Financial (NASDAQ:MBFI) last announced its quarterly earnings results on Wednesday, July 18th. The bank reported $0.68 earnings per share for the quarter, hitting the consensus estimate of $0.68. The company had revenue of $247.38 million for the quarter, compared to the consensus estimate of $241.37 million. MB Financial had a return on equity of 7.92% and a net margin of 27.78%. During the same period last year, the firm earned $0.51 EPS. analysts expect that MB Financial Inc will post 2.86 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, September 13th. MB Financial’s dividend payout ratio is currently 40.17%.

Several equities research analysts have weighed in on the company. SunTrust Banks downgraded MB Financial from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. ValuEngine raised MB Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, May 22nd. DA Davidson increased their price target on MB Financial to $54.20 in a research report on Tuesday, May 22nd. BidaskClub downgraded MB Financial from a “buy” rating to a “hold” rating in a research report on Monday, May 14th. Finally, Zacks Investment Research raised MB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $47.90.

MB Financial Company Profile

MB Financial, Inc operates as a bank holding company for MB Financial Bank, N.A. that provides various financial services to small and middle market businesses, and individuals in the United States. The company operates through three segments: Banking, Leasing, and Mortgage Banking. The Banking segment offers commercial banking products, including working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; industrial revenue bond financing; ESOP financing; business acquisition loans; owner occupied real estate loans; asset-based loans; and financial, performance, and commercial letters of credit.

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Institutional Ownership by Quarter for MB Financial (NASDAQ:MBFI)

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