GHP Investment Advisors Inc. Raises Holdings in MB Financial Inc (MBFI)
GHP Investment Advisors Inc. raised its position in MB Financial Inc (NASDAQ:MBFI) by 10.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,213 shares of the bank’s stock after buying an additional 1,933 shares during the quarter. GHP Investment Advisors Inc.’s holdings in MB Financial were worth $991,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nomura Holdings Inc. bought a new position in MB Financial in the second quarter valued at about $252,000. California Public Employees Retirement System raised its position in MB Financial by 9.9% in the second quarter. California Public Employees Retirement System now owns 209,128 shares of the bank’s stock valued at $9,766,000 after purchasing an additional 18,925 shares during the last quarter. MetLife Investment Advisors LLC raised its position in MB Financial by 3.3% in the second quarter. MetLife Investment Advisors LLC now owns 90,733 shares of the bank’s stock valued at $4,237,000 after purchasing an additional 2,893 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in MB Financial by 2.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 48,744 shares of the bank’s stock valued at $2,276,000 after purchasing an additional 1,064 shares during the last quarter. Finally, Alpine Global Management LLC bought a new position in MB Financial in the second quarter valued at about $3,502,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Jill E. York sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $48.75, for a total transaction of $243,750.00. Following the completion of the transaction, the vice president now directly owns 62,691 shares in the company, valued at $3,056,186.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.69% of the stock is owned by company insiders.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Wednesday, July 18th. The bank reported $0.68 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.68. MB Financial had a return on equity of 7.92% and a net margin of 27.78%. The company had revenue of $247.38 million during the quarter, compared to the consensus estimate of $241.37 million. During the same period last year, the company earned $0.51 earnings per share. research analysts anticipate that MB Financial Inc will post 2.86 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.04%. MB Financial’s dividend payout ratio (DPR) is 40.17%.
Several equities analysts have commented on MBFI shares. DA Davidson increased their target price on MB Financial to $54.20 in a research report on Tuesday, May 22nd. ValuEngine upgraded MB Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, May 22nd. SunTrust Banks downgraded MB Financial from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. BidaskClub downgraded MB Financial from a “hold” rating to a “sell” rating in a research report on Thursday, June 28th. Finally, Zacks Investment Research downgraded MB Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price 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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