Ceredex Value Advisors LLC bought a new position in shares of MB Financial Inc. (NASDAQ:MBFI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,298,350 shares of the bank’s stock, valued at approximately $93,037,000. MB Financial makes up approximately 1.1% of Ceredex Value Advisors LLC’s investment portfolio, making the stock its 16th biggest position. Ceredex Value Advisors LLC owned 2.73% of MB Financial as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of MBFI. Virtus Fund Advisers LLC grew its position in MB Financial by 10.5% in the fourth quarter. Virtus Fund Advisers LLC now owns 1,996,250 shares of the bank’s stock valued at $88,873,000 after acquiring an additional 189,200 shares in the last quarter. Deutsche Bank AG grew its position in MB Financial by 87.0% in the fourth quarter. Deutsche Bank AG now owns 396,293 shares of the bank’s stock valued at $17,638,000 after acquiring an additional 184,411 shares in the last quarter. BlackRock Inc. grew its position in MB Financial by 1.8% in the fourth quarter. BlackRock Inc. now owns 8,837,206 shares of the bank’s stock valued at $393,431,000 after acquiring an additional 158,360 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in MB Financial in the fourth quarter valued at approximately $4,046,000. Finally, Castleview Partners LLC acquired a new stake in MB Financial in the first quarter valued at approximately $2,493,000. 74.28% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, January 25th. DA Davidson downgraded shares of MB Financial from a “buy” rating to a “neutral” rating in a research report on Friday, January 26th. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Piper Jaffray reaffirmed a “hold” rating and issued a $45.00 price objective on shares of MB Financial in a research report on Sunday, January 28th. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $46.00 price objective on shares of MB Financial in a research report on Friday, January 26th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. MB Financial has an average rating of “Hold” and a consensus price target of $47.13.
MB Financial stock opened at $44.29 on Friday. The company has a market cap of $3.65 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.43 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.87. MB Financial Inc. has a 52 week low of $43.26 and a 52 week high of $43.54.
MB Financial (NASDAQ:MBFI) last released its earnings results on Tuesday, April 24th. The bank reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The company had revenue of $246.18 million during the quarter, compared to analysts’ expectations of $249.16 million. MB Financial had a return on equity of 7.52% and a net margin of 28.85%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. analysts forecast that MB Financial Inc. will post 2.9 earnings per share for the current year.
MB Financial Company Profile
MB Financial, Inc operates as a bank holding company for MB Financial Bank, N.A. that provides various financial services to small and middle market businesses, and individuals in the United States. The company operates through three segments: Banking, Leasing, and Mortgage Banking. The Banking segment offers commercial banking products, including working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; industrial revenue bond financing; ESOP financing; business acquisition loans; owner occupied real estate loans; asset-based loans; and financial, performance, and commercial letters of credit.
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