Brandywine Global Investment Management LLC reduced its stake in MB Financial Inc (NASDAQ:MBFI) by 12.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,653 shares of the bank’s stock after selling 23,966 shares during the period. Brandywine Global Investment Management LLC owned 0.20% of MB Financial worth $7,286,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisor Group Inc. increased its stake in MB Financial by 93.4% in the fourth quarter. Advisor Group Inc. now owns 2,940 shares of the bank’s stock valued at $131,000 after purchasing an additional 1,420 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in MB Financial in the fourth quarter valued at $169,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MB Financial by 40.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,568 shares of the bank’s stock valued at $203,000 after purchasing an additional 1,313 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in MB Financial in the fourth quarter valued at $260,000. Finally, Crossmark Global Holdings Inc. bought a new stake in MB Financial in the third quarter valued at $285,000. 75.97% of the stock is owned by hedge funds and other institutional investors.
Shares of MB Financial Inc (NASDAQ MBFI) opened at $43.86 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.27. The company has a market cap of $3,680.00, a PE ratio of 19.41, a PEG ratio of 1.50 and a beta of 1.03. MB Financial Inc has a 52-week low of $38.28 and a 52-week high of $47.64.
MB Financial (NASDAQ:MBFI) last posted its earnings results on Thursday, January 25th. The bank reported $0.53 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.10). The business had revenue of $242.71 million for the quarter, compared to the consensus estimate of $251.78 million. MB Financial had a return on equity of 8.11% and a net margin of 29.25%. During the same period in the previous year, the firm earned $0.59 earnings per share. research analysts anticipate that MB Financial Inc will post 2.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.19%. This is an increase from MB Financial’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, March 14th. MB Financial’s dividend payout ratio is presently 37.17%.
Several equities research analysts have recently commented on MBFI shares. SunTrust Banks set a $49.00 target price on shares of MB Financial and gave the stock a “buy” rating in a research report on Thursday, November 16th. BidaskClub downgraded shares of MB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $49.00 target price on shares of MB Financial in a research report on Friday, December 22nd. Hovde Group set a $49.00 target price on shares of MB Financial and gave the stock a “hold” rating in a research report on Friday, January 12th. Finally, Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $47.75.
MB Financial Company 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.
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