MB Financial Inc (MBFI) Holdings Decreased by Congress Asset Management Co. MA

Congress Asset Management Co. MA lessened its holdings in MB Financial Inc (NASDAQ:MBFI) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,043 shares of the bank’s stock after selling 3,200 shares during the quarter. Congress Asset Management Co. MA owned approximately 0.13% of MB Financial worth $4,999,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Perella Weinberg Partners Capital Management LP bought a new stake in MB Financial in the second quarter valued at approximately $2,368,000. Meeder Asset Management Inc. boosted its holdings in MB Financial by 971.9% in the second quarter. Meeder Asset Management Inc. now owns 26,369 shares of the bank’s stock valued at $1,231,000 after acquiring an additional 23,909 shares during the last quarter. Chicago Capital LLC boosted its holdings in MB Financial by 82.4% in the second quarter. Chicago Capital LLC now owns 54,760 shares of the bank’s stock valued at $2,557,000 after acquiring an additional 24,734 shares during the last quarter. OTA Financial Group L.P. acquired a new position in MB Financial in the second quarter valued at approximately $1,903,000. Finally, Bank of Montreal Can lifted its stake in MB Financial by 9.4% in the second quarter. Bank of Montreal Can now owns 58,920 shares of the bank’s stock valued at $2,751,000 after buying an additional 5,077 shares during the period. 74.80% of the stock is currently owned by institutional investors.

In other MB Financial news, VP Jill E. York sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $50.90, for a total value of $254,500.00. Following the completion of the transaction, the vice president now owns 67,791 shares in the company, valued at approximately $3,450,561.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Karen J. May sold 4,364 shares of the firm’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $50.20, for a total value of $219,072.80. Following the completion of the transaction, the director now owns 5,795 shares of the company’s stock, valued at approximately $290,909. The disclosure for this sale can be found here. 2.69% of the stock is currently owned by corporate insiders.

MBFI has been the topic of several recent analyst reports. Zacks Investment Research lowered MB Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th. BidaskClub raised MB Financial from a “hold” rating to a “buy” rating in a research note on Thursday, April 26th. DA Davidson upped their target price on MB Financial to $54.20 in a research report on Tuesday, May 22nd. ValuEngine raised MB Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, May 22nd. Finally, SunTrust Banks lowered MB Financial from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. MB Financial has an average rating of “Hold” and a consensus price target of $47.90.

MB Financial opened at $47.87 on Friday, according to Marketbeat.com. The firm has a market capitalization of $4.06 billion, a P/E ratio of 18.80, a P/E/G ratio of 1.61 and a beta of 1.08. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.34. MB Financial Inc has a 12 month low of $38.28 and a 12 month high of $51.59.

MB Financial (NASDAQ:MBFI) last announced its quarterly earnings data on Wednesday, July 18th. The bank reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. The firm had revenue of $247.38 million during the quarter, compared to the consensus estimate of $241.37 million. MB Financial had a return on equity of 7.92% and a net margin of 27.78%. During the same quarter in the prior year, the company earned $0.51 EPS. equities analysts expect that MB Financial Inc will post 2.86 EPS for the current year.

About MB Financial

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

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