Teachers Retirement System of The State of Kentucky boosted its position in MB Financial Inc (NASDAQ:MBFI) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,093 shares of the bank’s stock after purchasing an additional 4,453 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of MB Financial worth $2,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Swiss National Bank increased its position in shares of MB Financial by 2.2% during the fourth quarter. Swiss National Bank now owns 135,712 shares of the bank’s stock worth $6,042,000 after acquiring an additional 2,900 shares during the period. Comerica Bank increased its position in shares of MB Financial by 13.4% during the third quarter. Comerica Bank now owns 77,995 shares of the bank’s stock worth $3,554,000 after acquiring an additional 9,226 shares during the period. California Public Employees Retirement System increased its position in shares of MB Financial by 7.6% during the third quarter. California Public Employees Retirement System now owns 151,834 shares of the bank’s stock worth $6,836,000 after acquiring an additional 10,734 shares during the period. Sei Investments Co. increased its position in shares of MB Financial by 23.6% during the third quarter. Sei Investments Co. now owns 56,925 shares of the bank’s stock worth $2,563,000 after acquiring an additional 10,863 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of MB Financial by 7.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 482,357 shares of the bank’s stock worth $21,475,000 after acquiring an additional 31,492 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Hovde Group set a $44.00 target price on shares of MB Financial and gave the stock a “hold” rating in a research report on Thursday, February 8th. Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Thursday, January 25th. Sandler O’Neill reaffirmed a “hold” rating and set a $46.00 target price on shares of MB Financial in a research report on Friday, January 26th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $45.00 target price on shares of MB Financial in a research report on Sunday, January 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $47.75.
MB Financial stock opened at $44.19 on Monday. The stock has a market cap of $3,711.44, a P/E ratio of 12.70, a P/E/G ratio of 1.50 and a beta of 1.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.88 and a current ratio of 0.91. MB Financial Inc has a 1-year low of $38.28 and a 1-year high of $47.64.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.10). The business had revenue of $242.71 million for the quarter, compared to analysts’ expectations of $251.78 million. MB Financial had a net margin of 29.25% and a return on equity of 8.11%. During the same period in the previous year, the business earned $0.59 earnings per share. equities analysts predict that MB Financial Inc will post 2.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.17%. This is a positive change from MB Financial’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, March 14th. MB Financial’s dividend payout ratio (DPR) is presently 27.59%.
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About MB Financial
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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