Meeder Asset Management Inc. increased its stake in shares of MB Financial Inc (NASDAQ:MBFI) by 48.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,134 shares of the bank’s stock after purchasing an additional 12,765 shares during the period. Meeder Asset Management Inc.’s holdings in MB Financial were worth $1,804,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. K2 Principal Fund L.P. acquired a new stake in shares of MB Financial during the second quarter worth $2,588,000. BlackRock Inc. grew its stake in shares of MB Financial by 4.3% during the second quarter. BlackRock Inc. now owns 9,403,590 shares of the bank’s stock worth $439,147,000 after purchasing an additional 384,850 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of MB Financial by 1,463.7% during the second quarter. CIBC Private Wealth Group LLC now owns 259,373 shares of the bank’s stock worth $12,113,000 after purchasing an additional 242,786 shares during the period. Chicago Capital Management LLC acquired a new stake in shares of MB Financial during the second quarter worth $7,500,000. Finally, Dupont Capital Management Corp acquired a new stake in shares of MB Financial during the second quarter worth $2,825,000. 73.58% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on MBFI. BidaskClub raised MB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Zacks Investment Research lowered MB Financial from a “hold” rating to a “sell” rating in a report on Friday, October 26th. Finally, Raymond James upgraded MB Financial from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. MB Financial presently has an average rating of “Hold” and an average target price of $48.31.
MBFI stock opened at $45.76 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.53 and a beta of 0.98. MB Financial Inc has a 1-year low of $39.15 and a 1-year high of $51.59.
MB Financial (NASDAQ:MBFI) last posted its earnings results on Tuesday, October 23rd. The bank reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.15). The business had revenue of $241.69 million for the quarter, compared to the consensus estimate of $238.85 million. MB Financial had a return on equity of 7.48% and a net margin of 26.11%. During the same quarter in the prior year, the firm posted $0.72 earnings per share. Analysts predict that MB Financial Inc will post 2.8 earnings per share for the current year.
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MB Financial 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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