MB Financial Inc (MBFI) Stake Raised by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC lifted its stake in shares of MB Financial Inc (NASDAQ:MBFI) by 51.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,498 shares of the bank’s stock after purchasing an additional 4,895 shares during the quarter. Cetera Advisor Networks LLC’s holdings in MB Financial were worth $645,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Channing Capital Management LLC raised its position in MB Financial by 1.5% during the third quarter. Channing Capital Management LLC now owns 1,598,971 shares of the bank’s stock valued at $71,986,000 after buying an additional 23,593 shares during the period. Bank of New York Mellon Corp raised its position in MB Financial by 8.6% during the third quarter. Bank of New York Mellon Corp now owns 1,206,213 shares of the bank’s stock valued at $54,303,000 after buying an additional 95,262 shares during the period. Ameriprise Financial Inc. raised its position in MB Financial by 7.3% during the third quarter. Ameriprise Financial Inc. now owns 696,260 shares of the bank’s stock valued at $31,346,000 after buying an additional 47,503 shares during the period. Wells Fargo & Company MN raised its position in MB Financial by 38.1% during the third quarter. Wells Fargo & Company MN now owns 611,950 shares of the bank’s stock valued at $27,550,000 after buying an additional 168,827 shares during the period. Finally, Russell Investments Group Ltd. raised its position in MB Financial by 2.7% during the third quarter. Russell Investments Group Ltd. now owns 561,477 shares of the bank’s stock valued at $25,277,000 after buying an additional 14,972 shares during the period. 76.11% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently weighed in on MBFI. Hovde Group set a $44.00 price target on MB Financial and gave the company a “hold” rating in a research report on Thursday, February 8th. BidaskClub raised MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research raised MB Financial from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Thursday, January 25th. DA Davidson lowered MB Financial from a “buy” rating to a “neutral” rating in a research report on Friday, January 26th. Finally, Sandler O’Neill reissued a “hold” rating and set a $46.00 price target on shares of MB Financial in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.75.

In other MB Financial news, insider Mark A. Heckler sold 13,804 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $46.25, for a total value of $638,435.00. Following the transaction, the insider now directly owns 55,236 shares of the company’s stock, valued at approximately $2,554,665. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jill E. York sold 5,000 shares of the company’s stock in a transaction dated 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 directly owns 65,430 shares in the company, valued at $2,918,178. The disclosure for this sale can be found here. Corporate insiders own 7.05% of the company’s stock.

MB Financial Inc (MBFI) opened at $41.87 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.88. MB Financial Inc has a 52-week low of $38.28 and a 52-week high of $47.64. The firm has a market capitalization of $3,513.65, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03.

MB Financial (NASDAQ:MBFI) last issued its earnings results on Thursday, January 25th. The bank reported $0.53 earnings per share for the quarter, missing the 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 firm had revenue of $242.71 million during the quarter, compared to analyst estimates of $251.78 million. During the same period in the previous year, the company earned $0.59 earnings per share. sell-side analysts anticipate that MB Financial Inc will post 2.81 earnings per share for the current year.

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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.

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

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