MB Financial Inc. (MBFI) Shares Bought by Aperio Group LLC
Aperio Group LLC boosted its stake in MB Financial Inc. (NASDAQ:MBFI) by 42.6% during the second quarter, Holdings Channel reports. The firm owned 24,633 shares of the bank’s stock after buying an additional 7,357 shares during the period. Aperio Group LLC’s holdings in MB Financial were worth $1,085,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in MB Financial by 17,590.9% in the first quarter. BlackRock Inc. now owns 7,742,414 shares of the bank’s stock worth $331,530,000 after buying an additional 7,698,649 shares during the last quarter. Vanguard Group Inc. raised its position in MB Financial by 8.6% in the first quarter. Vanguard Group Inc. now owns 6,427,280 shares of the bank’s stock worth $275,215,000 after buying an additional 510,128 shares during the last quarter. Wellington Management Group LLP raised its position in MB Financial by 1.5% in the first quarter. Wellington Management Group LLP now owns 6,206,904 shares of the bank’s stock worth $265,780,000 after buying an additional 89,695 shares during the last quarter. State Street Corp raised its position in MB Financial by 4.6% in the first quarter. State Street Corp now owns 3,637,900 shares of the bank’s stock worth $155,776,000 after buying an additional 159,350 shares during the last quarter. Finally, Channing Capital Management LLC raised its position in MB Financial by 8.9% in the first quarter. Channing Capital Management LLC now owns 1,630,866 shares of the bank’s stock worth $69,834,000 after buying an additional 133,370 shares during the last quarter. 75.05% of the stock is currently owned by institutional investors.
Shares of MB Financial Inc. (MBFI) traded up 1.39% on Wednesday, reaching $40.23. The company had a trading volume of 51,735 shares. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 18.35 and a beta of 1.13. The stock has a 50 day moving average price of $42.04 and a 200-day moving average price of $42.97. MB Financial Inc. has a 12 month low of $35.00 and a 12 month high of $48.47.
MB Financial (NASDAQ:MBFI) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.10. The company had revenue of $239.51 million during the quarter, compared to the consensus estimate of $247.39 million. MB Financial had a return on equity of 7.99% and a net margin of 19.12%. During the same period last year, the business posted $0.58 EPS. Analysts forecast that MB Financial Inc. will post $2.44 EPS for the current fiscal year.
A number of research analysts have recently issued reports on MBFI shares. Piper Jaffray Companies lowered MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 target price on the stock. in a report on Friday, July 21st. Hovde Group dropped their target price on MB Financial from $49.00 to $45.00 and set a “market perform” rating on the stock in a report on Monday, July 24th. Zacks Investment Research lowered MB Financial from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BidaskClub lowered MB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $48.00 target price on shares of MB Financial in a report on Sunday, June 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.67.
In related news, VP Jill E. York sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $42.30, for a total value of $211,500.00. Following the sale, the vice president now directly owns 71,525 shares in the company, valued at approximately $3,025,507.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James N. Hallene sold 4,877 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $44.40, for a total value of $216,538.80. Following the completion of the sale, the director now owns 25,339 shares in the company, valued at $1,125,051.60. The disclosure for this sale can be found here. 4.93% of the stock is owned by company insiders.
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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