MB Financial Inc. (MBFI) Insider Sells $638,435.00 in Stock
MB Financial Inc. (NASDAQ:MBFI) insider Mark A. Heckler sold 13,804 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $46.25, for a total value of $638,435.00. Following the completion of the sale, the insider now directly owns 55,236 shares of the company’s stock, valued at approximately $2,554,665. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
MB Financial Inc. (NASDAQ:MBFI) traded down $1.35 during trading on Tuesday, hitting $45.29. The stock had a trading volume of 332,850 shares, compared to its average volume of 374,525. The stock has a market capitalization of $3,910.00, a PE ratio of 18.82, a PEG ratio of 1.78 and a beta of 1.19. MB Financial Inc. has a 1-year low of $38.28 and a 1-year high of $48.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.84.
MB Financial (NASDAQ:MBFI) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.08. The business had revenue of $252.21 million during the quarter, compared to analysts’ expectations of $253.15 million. MB Financial had a return on equity of 8.40% and a net margin of 20.21%. During the same period in the previous year, the business earned $0.61 earnings per share. equities analysts forecast that MB Financial Inc. will post 2.47 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, December 14th. MB Financial’s dividend payout ratio (DPR) is presently 35.74%.
Several brokerages have weighed in on MBFI. Zacks Investment Research raised MB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. SunTrust Banks set a $48.00 price target on MB Financial and gave the stock a “buy” rating in a report on Friday, October 20th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $44.00 target price on shares of MB Financial in a report on Thursday, October 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $45.00 target price on shares of MB Financial in a report on Tuesday, October 3rd. Finally, Jefferies Group reaffirmed a “hold” rating and set a $49.00 target price on shares of MB Financial in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. MB Financial presently has a consensus rating of “Hold” and a consensus target price of $47.63.
Several institutional investors have recently bought and sold shares of MBFI. Riverhead Capital Management LLC boosted its stake in shares of MB Financial by 50.6% in the second quarter. Riverhead Capital Management LLC now owns 2,560 shares of the bank’s stock worth $113,000 after acquiring an additional 860 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in MB Financial by 20.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock worth $143,000 after buying an additional 556 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake 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 worth $144,000 after buying an additional 262 shares during the last quarter. World Asset Management Inc acquired a new position in MB Financial during the second quarter worth $201,000. Finally, HighPoint Advisor Group LLC acquired a new position in MB Financial during the third quarter worth $208,000. Institutional investors and hedge funds own 76.61% of the company’s stock.
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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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