Parkside Investments LLC Has $838,000 Holdings in MB Financial Inc (MBFI)

Parkside Investments LLC reduced its stake in MB Financial Inc (NASDAQ:MBFI) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,818 shares of the bank’s stock after selling 1,944 shares during the period. Parkside Investments LLC’s holdings in MB Financial were worth $838,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in shares of MB Financial by 8.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,263 shares of the bank’s stock worth $144,000 after buying an additional 262 shares during the last quarter. Thrivent Financial For Lutherans grew its position in shares of MB Financial by 8.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 14,460 shares of the bank’s stock worth $637,000 after buying an additional 1,080 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of MB Financial by 7.7% in the 2nd quarter. New York State Common Retirement Fund now owns 175,885 shares of the bank’s stock worth $7,746,000 after buying an additional 12,630 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of MB Financial by 0.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 44,925 shares of the bank’s stock worth $1,978,000 after buying an additional 368 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in shares of MB Financial by 3.1% in the 2nd quarter. California Public Employees Retirement System now owns 141,100 shares of the bank’s stock worth $6,214,000 after buying an additional 4,300 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Jill E. York sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $44.60, for a total value of $223,000.00. Following the completion of the transaction, the vice president now owns 65,430 shares in the company, valued at $2,918,178. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark A. Heckler sold 13,804 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $46.25, for a total value of $638,435.00. Following the completion of the transaction, the insider now owns 55,236 shares of the company’s stock, valued at approximately $2,554,665. The disclosure for this sale can be found here. 7.05% of the stock is owned by insiders.

Shares of MB Financial Inc (NASDAQ MBFI) opened at $39.70 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.88 and a current ratio of 0.91. MB Financial Inc has a 1 year low of $38.28 and a 1 year high of $47.64. The firm has a market capitalization of $3,459.09, a P/E ratio of 11.41, a P/E/G ratio of 1.40 and a beta of 1.03.

MB Financial (NASDAQ:MBFI) last released its earnings results on Thursday, January 25th. The bank reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.10). MB Financial had a return on equity of 8.11% and a net margin of 29.25%. The company had revenue of $242.71 million during the quarter, compared to the consensus estimate of $251.78 million. During the same period last year, the firm posted $0.59 earnings per share. research analysts predict that MB Financial Inc will post 2.81 EPS for the current fiscal year.

A number of brokerages have recently weighed in on MBFI. Hovde Group set a $44.00 price objective on MB Financial and gave the stock a “hold” rating in a research report on Thursday. SunTrust Banks set a $48.00 price objective on MB Financial and gave the stock a “buy” rating in a research report on Friday, October 20th. BidaskClub upgraded MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded MB Financial from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Thursday, January 25th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $44.00 price objective on shares of MB Financial in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $48.22.

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

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