Strs Ohio boosted its stake in shares of MB Financial Inc. (NASDAQ:MBFI) by 17.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,700 shares of the bank’s stock after buying an additional 1,600 shares during the period. Strs Ohio’s holdings in MB Financial were worth $471,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Capstone Asset Management Co. increased its stake in shares of MB Financial by 5.8% in the first quarter. Capstone Asset Management Co. now owns 4,938 shares of the bank’s stock valued at $211,000 after buying an additional 270 shares during the period. Suntrust Banks Inc. purchased a new stake in shares of MB Financial during the first quarter valued at about $212,000. Oakbrook Investments LLC purchased a new stake in shares of MB Financial during the second quarter valued at about $231,000. KCG Holdings Inc. purchased a new stake in shares of MB Financial during the first quarter valued at about $238,000. Finally, LS Investment Advisors LLC increased its stake in shares of MB Financial by 20.2% in the second quarter. LS Investment Advisors LLC now owns 5,648 shares of the bank’s stock valued at $249,000 after buying an additional 951 shares during the period. 74.74% of the stock is owned by institutional investors.

Shares of MB Financial Inc. (MBFI) opened at 39.61 on Wednesday. The stock’s 50 day moving average is $41.01 and its 200-day moving average is $42.69. MB Financial Inc. has a 52-week low of $35.00 and a 52-week high of $48.47. The firm has a market cap of $3.32 billion, a P/E ratio of 18.07 and a beta of 1.13.

MB Financial (NASDAQ:MBFI) last posted 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 return on equity of 7.99% and a net margin of 19.12%. The company had revenue of $239.51 million for the quarter, compared to the consensus estimate of $247.39 million. During the same quarter last year, the business earned $0.58 EPS. Equities analysts anticipate that MB Financial Inc. will post $2.44 earnings per share for the current fiscal year.

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A number of analysts have recently weighed in on the stock. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Wedbush reissued a “neutral” rating and set a $48.00 price target on shares of MB Financial in a research report on Tuesday, June 27th. ValuEngine downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Jefferies Group LLC reissued a “hold” rating and set a $48.00 price target on shares of MB Financial in a research report on Sunday, June 11th. Finally, Zacks Investment Research downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. MB Financial presently has a consensus rating of “Hold” and a consensus target price of $47.56.

In other MB Financial news, Director James N. Hallene sold 4,877 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $44.40, for a total transaction of $216,538.80. Following the transaction, the director now owns 25,339 shares in the company, valued at approximately $1,125,051.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Jill E. York sold 5,000 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 71,525 shares in the company, valued at approximately $3,025,507.50. 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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Institutional Ownership by Quarter for MB Financial (NASDAQ:MBFI)

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