MB Financial Inc (MBFI) Holdings Trimmed by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of MB Financial Inc (NASDAQ:MBFI) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,926,942 shares of the bank’s stock after selling 47,988 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.87% of MB Financial worth $221,811,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Riverhead Capital Management LLC increased its holdings in MB Financial by 50.6% during the second quarter. Riverhead Capital Management LLC now owns 2,560 shares of the bank’s stock valued at $113,000 after buying an additional 860 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in MB Financial by 20.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock valued at $143,000 after buying an additional 556 shares during the period. PNC Financial Services Group Inc. increased its holdings in MB Financial by 8.7% during the second quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock valued at $144,000 after buying an additional 262 shares during the period. World Asset Management Inc purchased a new position in MB Financial during the second quarter valued at approximately $201,000. Finally, HighPoint Advisor Group LLC purchased a new position in MB Financial during the third quarter valued at approximately $208,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

MBFI has been the topic of several research reports. Jefferies Group reissued a “hold” rating and set a $48.00 price objective on shares of MB Financial in a report on Friday, September 15th. Zacks Investment Research raised shares of MB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $45.00 target price on shares of MB Financial in a research note on Tuesday, October 3rd. Piper Jaffray Companies restated a “hold” rating and issued a $44.00 target price on shares of MB Financial in a research note on Thursday, October 19th. Finally, SunTrust Banks set a $48.00 target price on shares of MB Financial and gave the company a “buy” rating in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $48.13.

In related news, VP Jill E. York sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $44.60, for a total transaction of $223,000.00. Following the completion of the transaction, the vice president now directly owns 65,430 shares in the company, valued at $2,918,178. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark A. Heckler sold 13,804 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $46.25, for a total transaction of $638,435.00. Following the transaction, the insider now owns 55,236 shares of the company’s stock, valued at $2,554,665. The disclosure for this sale can be found here. Insiders own 4.93% of the company’s stock.

MB Financial Inc (MBFI) traded up $0.08 during trading hours on Tuesday, hitting $44.60. 401,158 shares of the stock traded hands, compared to its average volume of 368,973. MB Financial Inc has a 1-year low of $38.28 and a 1-year high of $48.47. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3,740.00, a P/E ratio of 18.98, a P/E/G ratio of 1.71 and a beta of 1.19.

MB Financial (NASDAQ:MBFI) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.08. MB Financial had a net margin of 20.21% and a return on equity of 8.40%. The business had revenue of $252.21 million during the quarter, compared to the consensus estimate of $253.15 million. During the same period in the previous year, the firm posted $0.61 earnings per share. research analysts forecast that MB Financial Inc will post 2.48 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.88%. MB Financial’s payout ratio is currently 35.74%.

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MB Financial Profile

MB Financial, Inc (MB Financial) is a financial holding company. The Company’s segments include banking, leasing and mortgage banking. As of December 31, 2016, the Company’s primary market was the Chicago metropolitan area, in which the Company operated 95 banking offices through its bank subsidiary, MB Financial Bank, N.A.

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

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