MB Financial Inc. (MBFI) Holdings Reduced by Aperio Group LLC

Aperio Group LLC cut its holdings in shares of MB Financial Inc. (NASDAQ:MBFI) by 9.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,400 shares of the bank’s stock after selling 2,233 shares during the quarter. Aperio Group LLC’s holdings in MB Financial were worth $1,008,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Riverhead Capital Management LLC raised its holdings in MB Financial by 50.6% during the second quarter. Riverhead Capital Management LLC now owns 2,560 shares of the bank’s stock valued at $113,000 after acquiring an additional 860 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in MB Financial by 20.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock worth $143,000 after acquiring an additional 556 shares in the last quarter. PNC Financial Services Group Inc. grew its position in MB Financial by 8.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock worth $144,000 after acquiring an additional 262 shares in the last quarter. World Asset Management Inc purchased a new position in MB Financial in the second quarter worth about $201,000. Finally, Pitcairn Co. purchased a new position in MB Financial in the second quarter worth about $220,000. 75.00% of the stock is currently owned by institutional investors and hedge funds.

MB Financial Inc. (NASDAQ MBFI) opened at $44.07 on Friday. MB Financial Inc. has a 12-month low of $38.28 and a 12-month high of $48.47. The stock has a market capitalization of $3,697.21, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 1.70 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.89.

MB Financial (NASDAQ:MBFI) last announced its earnings results on Thursday, October 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.08. MB Financial had a return on equity of 8.40% and a net margin of 20.21%. The business had revenue of $252.21 million during the quarter, compared to analyst estimates of $253.15 million. During the same quarter in the previous year, the business earned $0.61 earnings per share. equities research analysts forecast that MB Financial Inc. will post 2.47 EPS for the current fiscal year.

In other news, Director Ronald D. Santo sold 2,542 shares of MB Financial 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 completion of the sale, the director now owns 59,505 shares of the company’s stock, valued at $2,367,108.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.05% of the company’s stock.

Several research analysts recently commented on the company. Zacks Investment Research upgraded MB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. SunTrust Banks, Inc. set a $48.00 target price on MB Financial and gave the company a “buy” rating in a research report on Friday, October 20th. Piper Jaffray Companies restated a “hold” rating and set a $44.00 target price on shares of MB Financial in a research report on Thursday, October 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $45.00 target price on shares of MB Financial in a research report on Tuesday, October 3rd. Finally, Jefferies Group LLC restated a “hold” rating and set a $49.00 target price on shares of MB Financial in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $47.63.

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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.

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

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