West Family Investments Inc. maintained its stake in shares of MB Financial Inc. (NASDAQ:MBFI) during the second quarter, Holdings Channel reports. The fund owned 35,000 shares of the bank’s stock at the end of the second quarter. West Family Investments Inc.’s holdings in MB Financial were worth $1,541,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of MB Financial by 17,590.9% in the first quarter. BlackRock Inc. now owns 7,742,414 shares of the bank’s stock valued at $331,530,000 after buying an additional 7,698,649 shares during the last quarter. Vanguard Group Inc. increased its position in shares of MB Financial by 8.6% in the first quarter. Vanguard Group Inc. now owns 6,427,280 shares of the bank’s stock valued at $275,215,000 after buying an additional 510,128 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of MB Financial by 197.2% in the first quarter. Wells Fargo & Company MN now owns 446,257 shares of the bank’s stock valued at $19,109,000 after buying an additional 296,089 shares during the last quarter. Monarch Partners Asset Management LLC acquired a new position in shares of MB Financial during the second quarter valued at about $7,918,000. Finally, State Street Corp increased its position in shares of MB Financial by 4.6% in 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 during the last quarter. Hedge funds and other institutional investors own 75.05% of the company’s stock.

Shares of MB Financial Inc. (MBFI) opened at 39.68 on Wednesday. The stock has a 50 day moving average of $42.04 and a 200 day moving average of $42.97. MB Financial Inc. has a one year low of $35.00 and a one year high of $48.47. The stock has a market cap of $3.33 billion, a P/E ratio of 18.10 and a beta of 1.13.

MB Financial (NASDAQ:MBFI) last announced its earnings results on Thursday, July 20th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ 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 net margin of 19.12% and a return on equity of 7.99%. During the same quarter in the prior year, the company earned $0.58 EPS. Equities analysts expect that MB Financial Inc. will post $2.44 EPS for the current fiscal year.

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MBFI has been the topic of several research reports. Zacks Investment Research downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. ValuEngine downgraded shares of MB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Wedbush reissued a “neutral” rating and set a $48.00 price objective on shares of MB Financial in a research report on Tuesday, June 27th. Finally, Piper Jaffray Companies downgraded shares of MB Financial from an “overweight” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. MB Financial presently has a consensus rating of “Hold” and a consensus price target of $47.67.

In related news, VP Jill E. York sold 5,000 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $42.30, for a total value of $211,500.00. Following the completion of the transaction, the vice president now owns 71,525 shares in the company, valued at approximately $3,025,507.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James N. Hallene sold 4,877 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $44.40, for a total transaction of $216,538.80. Following the completion of the transaction, the director now owns 25,339 shares of the company’s stock, valued at approximately $1,125,051.60. The disclosure for this sale can be found here. Corporate insiders own 4.93% of the company’s stock.

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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Institutional Ownership by Quarter for MB Financial (NASDAQ:MBFI)

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