The MB Financial Inc (MBFI) Stake Raised by Comerica Bank

The MB Financial Inc (MBFI) Stake Raised by Comerica Bank

Other large investors have also modified their holdings of the company. Tyers Asset Management LLC acquired a new stake in shares of MB Financial during the fourth quarter valued at about $124,000. Credit Agricole S A acquired a new stake in shares of MB Financial during the fourth quarter valued at about $154,000. Elkfork Partners LLC acquired a new stake in shares of MB Financial during the fourth quarter valued at about $170,000. Pitcairn Co. acquired a new stake in shares of MB Financial during the fourth quarter valued at about $210,000. Finally, Integre Asset Management LLC acquired a new stake in shares of MB Financial during the fourth quarter valued at about $210,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Comerica Bank raised its stake in shares of MB Financial Inc (NASDAQ:MBFI) by 4.7% during the first quarter, Holdings Channel reports. The fund owned 55,068 shares of the bank’s stock after buying an additional 2,459 shares during the period. Comerica Bank’s holdings in MB Financial were worth $2,373,000 as of its most recent SEC filing.

MB Financial Inc (NASDAQ:MBFI) opened at 41.88 on Monday. The stock’s 50 day moving average is $42.48 and its 200 day moving average is $44.10. MB Financial Inc has a 1-year low of $32.72 and a 1-year high of $48.47. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 18.60 and a beta of 1.14.

MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Thursday, April 27th. The bank reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. MB Financial had a net margin of 18.78% and a return on equity of 8.33%. The company had revenue of $234.82 million for the quarter, compared to analyst estimates of $240.47 million. During the same period last year, the firm earned $0.54 earnings per share. Analysts predict that MB Financial Inc will post $2.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a dividend of $0.21 per share. This is a positive change from MB Financial’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Tuesday, June 13th. MB Financial’s dividend payout ratio (DPR) is presently 35.68%. MBFI has been the topic of several recent research reports. Zacks Investment Research upgraded shares of MB Financial from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Tuesday, April 11th. ValuEngine lowered shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Group LLC reiterated a “hold” rating and issued a $48.00 price target on shares of MB Financial in a research note on Tuesday, April 4th. Keefe, Bruyette & Woods set a $46.00 price target on shares of MB Financial and gave the company a “hold” rating in a research note on Monday, April 3rd. Finally, Macquarie initiated coverage on shares of MB Financial in a research note on Friday, February 17th. They issued an “outperform” rating and a $52.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $45.81.

In related news, insider Mitchell Feiger sold 11,825 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $43.60, for a total transaction of $515,570.00. Following the transaction, the insider now directly owns 140,724 shares of the company’s stock, valued at $6,135,566.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.05% of the stock is owned by company insiders. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MBFI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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