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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