MB Financial Inc. (MBFI) Position Cut by Mission Wealth Management LLC

MB Financial Inc. (MBFI) Position Cut by Mission Wealth Management LLC

Mission Wealth Management LLC lowered its position in shares of MB Financial Inc. (NASDAQ:MBFI) by 3.2% during the fourth quarter, Holdings Channel reports. The fund owned 83,726 shares of the company’s stock after selling 2,810 shares during the period. MB Financial accounts for about 0.8% of Mission Wealth Management LLC’s investment portfolio, making the stock its 20th largest position. Mission Wealth Management LLC owned about 0.11% of MB Financial worth $3,954,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bank of Montreal Can acquired a new position in MB Financial during the second quarter worth about $2,267,000. JPMorgan Chase & Co. raised its stake in shares of MB Financial by 19.2% in the second quarter. JPMorgan Chase & Co. now owns 115,290 shares of the company’s stock worth $4,182,000 after buying an additional 18,576 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of MB Financial by 2.7% in the second quarter. UBS Asset Management Americas Inc. now owns 46,656 shares of the company’s stock worth $1,692,000 after buying an additional 1,220 shares during the period. Victory Capital Management Inc. raised its stake in shares of MB Financial by 77.2% in the second quarter. Victory Capital Management Inc. now owns 3,130 shares of the company’s stock worth $114,000 after buying an additional 1,364 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in shares of MB Financial by 7.8% in the second quarter. Teacher Retirement System of Texas now owns 9,826 shares of the company’s stock worth $356,000 after buying an additional 715 shares during the period. Institutional investors own 69.05% of the company’s stock.

MB Financial Inc. (NASDAQ:MBFI) traded down 0.34% on Friday, hitting $46.65. The stock had a trading volume of 262,337 shares. The firm’s 50-day moving average is $46.49 and its 200-day moving average is $40.68. MB Financial Inc. has a 52-week low of $28.50 and a 52-week high of $48.47. The company has a market cap of $3.62 billion, a P/E ratio of 21.50 and a beta of 1.15.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were given a $0.19 dividend. The ex-dividend date was Tuesday, December 13th. This represents a $0.76 annualized dividend and a yield of 1.62%. MB Financial’s payout ratio is 35.19%.

A number of equities research analysts have weighed in on MBFI shares. Zacks Investment Research lowered MB Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $39.00 target price on shares of MB Financial in a research report on Tuesday, November 1st. DA Davidson raised MB Financial from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Monday, October 24th. Finally, SunTrust Banks, Inc. started coverage on MB Financial in a research report on Tuesday, December 20th. They set a “buy” rating and a $54.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $44.42.

In related news, Director Thomas H. Harvey sold 23,000 shares of the stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $43.32, for a total value of $996,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Francoeur sold 600 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $43.00, for a total value of $25,800.00. Following the completion of the transaction, the insider now owns 7,382 shares of the company’s stock, valued at $317,426. The disclosure for this sale can be found here. Insiders sold 33,600 shares of company stock valued at $1,449,390 over the last quarter. 7.05% of the stock is currently owned by company insiders.

MB Financial Company Profile

MB Financial, Inc is a financial holding company. The Company, through its bank subsidiary, MB Financial Bank, N.A., offers a range of financial services to small and middle market businesses, and individuals. The Company’s segments include banking, leasing and mortgage banking. Its banking segment includes lending and deposit gathering activities.

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