Teachers Advisors LLC increased its stake in shares of MB Financial Inc (NASDAQ:MBFI) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,830 shares of the bank’s stock after acquiring an additional 5,638 shares during the period. Teachers Advisors LLC owned about 0.19% of MB Financial worth $7,416,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. BlackRock Inc. increased its stake in MB Financial by 1.8% in the 3rd quarter. BlackRock Inc. now owns 9,573,702 shares of the bank’s stock valued at $441,444,000 after buying an additional 170,112 shares during the last quarter. Bank of New York Mellon Corp increased its stake in MB Financial by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,330,334 shares of the bank’s stock valued at $61,342,000 after buying an additional 19,213 shares during the last quarter. Water Island Capital LLC increased its stake in MB Financial by 110.4% in the 3rd quarter. Water Island Capital LLC now owns 1,289,108 shares of the bank’s stock valued at $59,441,000 after buying an additional 676,348 shares during the last quarter. Alpine Associates Management Inc. increased its stake in MB Financial by 67.0% in the 3rd quarter. Alpine Associates Management Inc. now owns 427,400 shares of the bank’s stock valued at $19,708,000 after buying an additional 171,400 shares during the last quarter. Finally, Chicago Capital Management LLC increased its stake in MB Financial by 148.2% in the 3rd quarter. Chicago Capital Management LLC now owns 398,513 shares of the bank’s stock valued at $18,375,000 after buying an additional 237,923 shares during the last quarter. Institutional investors and hedge funds own 74.34% of the company’s stock.
Several brokerages have issued reports on MBFI. Zacks Investment Research lowered shares of MB Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. BidaskClub upgraded shares of MB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, Raymond James upgraded shares of MB Financial from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 31st. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $48.20.
MB Financial stock opened at $41.74 on Monday. The stock has a market cap of $3.52 billion, a PE ratio of 17.46, a PEG ratio of 1.20 and a beta of 1.04. MB Financial Inc has a fifty-two week low of $37.13 and a fifty-two week high of $51.59. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.21.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.15). The firm had revenue of $241.69 million for the quarter, compared to analyst estimates 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 earned $0.72 earnings per share. Research analysts expect that MB Financial Inc will post 2.69 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Friday, December 14th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 2.30%. MB Financial’s dividend payout ratio is presently 40.17%.
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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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