Teachers Retirement System of The State of Kentucky Has $2.09 Million Stake in MB Financial Inc. (MBFI)
Teachers Retirement System of The State of Kentucky reduced its holdings in shares of MB Financial Inc. (NASDAQ:MBFI) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,349 shares of the bank’s stock after selling 2,331 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.06% of MB Financial worth $2,085,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of MBFI. Riverhead Capital Management LLC increased its position in shares of MB Financial by 50.6% during 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in MB Financial by 20.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock valued at $143,000 after acquiring an additional 556 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in MB Financial by 8.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock valued at $144,000 after acquiring an additional 262 shares in the last quarter. World Asset Management Inc bought a new position in MB Financial in the 2nd quarter valued at about $201,000. Finally, Suntrust Banks Inc. bought a new position in MB Financial in the 1st quarter valued at about $212,000. 74.75% of the stock is owned by institutional investors.
A number of brokerages have commented on MBFI. Zacks Investment Research raised MB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $45.00 target price on shares of MB Financial in a report on Tuesday, August 29th. Jefferies Group LLC restated a “hold” rating and issued a $48.00 target price on shares of MB Financial in a report on Sunday, June 11th. Hovde Group cut their target price on MB Financial from $49.00 to $45.00 and set a “market perform” rating on the stock in a research report on Monday, July 24th. Finally, Piper Jaffray Companies cut MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.56.
In other news, Director Ronald D. Santo sold 2,542 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $39.78, for a total transaction of $101,120.76. Following the sale, the director now owns 59,505 shares in the company, valued at $2,367,108.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.93% of the company’s stock.
MB Financial Inc. (MBFI) opened at 45.54 on Tuesday. The stock has a market cap of $3.82 billion, a P/E ratio of 20.78 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. The stock has a 50 day moving average price of $41.10 and a 200-day moving average price of $42.07.
MB Financial (NASDAQ:MBFI) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.10). The firm had revenue of $239.51 million for the quarter, compared to the consensus estimate of $247.39 million. MB Financial had a net margin of 19.12% and a return on equity of 7.99%. During the same quarter in the prior year, the business posted $0.58 earnings per share. On average, equities analysts anticipate that MB Financial Inc. will post $2.44 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.21 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.84%. MB Financial’s dividend payout ratio is presently 38.36%.
MB Financial 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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