MB Financial Inc (MBFI) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its position in MB Financial Inc (NASDAQ:MBFI) by 7.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,574 shares of the bank’s stock after selling 3,910 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in MB Financial were worth $2,286,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new position in shares of MB Financial in the second quarter worth $172,000. Trilogy Capital Inc. bought a new position in shares of MB Financial in the third quarter worth $195,000. Gideon Capital Advisors Inc. bought a new position in shares of MB Financial in the second quarter worth $219,000. Nomura Holdings Inc. bought a new position in shares of MB Financial in the second quarter worth $252,000. Finally, Commonwealth Bank of Australia bought a new position in shares of MB Financial in the third quarter worth $262,000. 73.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:MBFI opened at $44.09 on Friday. MB Financial Inc has a 52-week low of $39.15 and a 52-week high of $51.59. The firm has a market capitalization of $3.71 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.52 and a beta of 0.98. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.21.

MB Financial (NASDAQ:MBFI) last announced its earnings results on Tuesday, October 23rd. The bank reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.15). MB Financial had a return on equity of 7.48% and a net margin of 26.11%. The company had revenue of $241.69 million during the quarter, compared to analysts’ expectations of $238.85 million. During the same quarter last year, the firm posted $0.72 earnings per share. Sell-side analysts predict that MB Financial Inc will post 2.76 EPS for the current year.

In related news, insider Brian J. Wildman sold 14,683 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $45.10, for a total value of $662,203.30. Following the completion of the transaction, the insider now directly owns 29,260 shares in the company, valued at $1,319,626. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction on 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 owns 62,691 shares of the company’s stock, valued at $3,056,186.25. The disclosure for this sale can be found here. 2.69% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on MBFI shares. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Zacks Investment Research cut shares of MB Financial from a “hold” rating to a “sell” rating in a report on Friday, October 26th. Finally, Raymond James raised shares of 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 assigned a hold rating and one has issued a buy rating to the company. MB Financial has a consensus rating of “Hold” and an average price target of $48.31.

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About MB Financial

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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