MB Financial Inc. (MBFI) Shares Sold by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. reduced its position in MB Financial Inc. (NASDAQ:MBFI) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,071,827 shares of the bank’s stock after selling 75,735 shares during the quarter. Goldman Sachs Group Inc. owned about 2.47% of MB Financial worth $91,243,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in MB Financial by 2.4% in the second quarter. BlackRock Inc. now owns 7,927,754 shares of the bank’s stock valued at $349,139,000 after buying an additional 185,340 shares during the period. Vanguard Group Inc. lifted its position in MB Financial by 1.6% during the second quarter. Vanguard Group Inc. now owns 6,531,759 shares of the bank’s stock valued at $287,658,000 after buying an additional 104,479 shares in the last quarter. State Street Corp lifted its position in MB Financial by 4.6% during the first quarter. State Street Corp now owns 3,637,900 shares of the bank’s stock valued at $155,776,000 after buying an additional 159,350 shares in the last quarter. Northern Trust Corp lifted its position in MB Financial by 13.8% during the second quarter. Northern Trust Corp now owns 1,734,133 shares of the bank’s stock valued at $76,372,000 after buying an additional 210,352 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in MB Financial by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 1,110,951 shares of the bank’s stock valued at $48,926,000 after buying an additional 18,651 shares in the last quarter. 74.75% of the stock is currently owned by institutional investors and hedge funds.
MB Financial Inc. (NASDAQ MBFI) traded down 1.14% during mid-day trading on Wednesday, hitting $45.22. 21,542 shares of the stock were exchanged. The company has a 50 day moving average price of $41.26 and a 200 day moving average price of $42.08. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 20.63 and a beta of 1.18. MB Financial Inc. has a 52 week low of $35.00 and a 52 week high of $48.47.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.10). MB Financial had a net margin of 19.12% and a return on equity of 7.99%. The company had revenue of $239.51 million for the quarter, compared to analyst estimates of $247.39 million. During the same period in the prior year, the company posted $0.58 EPS. Analysts expect that MB Financial Inc. will post $2.44 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.84 annualized dividend and a yield of 1.84%. MB Financial’s dividend payout ratio (DPR) is currently 38.36%.
In other MB Financial news, Director Ronald D. Santo sold 2,542 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $39.78, for a total transaction of $101,120.76. Following the completion of the sale, the director now owns 59,505 shares of the company’s stock, valued at $2,367,108.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.93% of the stock is currently owned by insiders.
Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $45.00 price objective on shares of MB Financial in a research note on Tuesday. Jefferies Group LLC reissued a “hold” rating and issued a $48.00 target price on shares of MB Financial in a research note on Sunday, June 11th. Zacks Investment Research downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Wedbush restated a “neutral” rating and set a $48.00 target price on shares of MB Financial in a report on Tuesday, June 27th. Finally, Piper Jaffray Companies lowered shares of MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 target price on the stock. in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $47.56.
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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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