HRT Financial LLC Acquires New Holdings in MB Financial Inc (NASDAQ:MBFI)

HRT Financial LLC acquired a new stake in shares of MB Financial Inc (NASDAQ:MBFI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,629 shares of the bank’s stock, valued at approximately $421,000.

Several other large investors have also made changes to their positions in MBFI. Toronto Dominion Bank raised its position in MB Financial by 2,413.3% in the 4th quarter. Toronto Dominion Bank now owns 1,508 shares of the bank’s stock worth $60,000 after purchasing an additional 1,448 shares during the period. FMR LLC purchased a new position in shares of MB Financial during the third quarter worth approximately $109,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MB Financial by 11.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,541 shares of the bank’s stock worth $220,000 after acquiring an additional 576 shares during the period. PNC Financial Services Group Inc. increased its position in shares of MB Financial by 11.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,560 shares of the bank’s stock worth $221,000 after acquiring an additional 590 shares during the period. Finally, Commonwealth Bank of Australia purchased a new position in shares of MB Financial during the third quarter worth approximately $262,000. 74.20% of the stock is owned by hedge funds and other institutional investors.

In other MB Financial news, VP Jill E. York sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $45.65, for a total value of $456,500.00. Following the completion of the sale, the vice president now directly owns 72,391 shares in the company, valued at $3,304,649.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian J. Wildman sold 3,285 shares of MB Financial stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $44.14, for a total transaction of $144,999.90. Following the sale, the insider now owns 24,940 shares of the company’s stock, valued at $1,100,851.60. The disclosure for this sale can be found here. 2.69% of the stock is owned by company insiders.

MBFI stock remained flat at $$42.38 during trading on Friday. 35,365,244 shares of the company traded hands, compared to its average volume of 2,826,225. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 1.23 and a beta of 0.99. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17. MB Financial Inc has a 12 month low of $37.13 and a 12 month high of $51.59.

MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The company had revenue of $245.19 million for the quarter, compared to analyst estimates of $238.95 million. MB Financial had a net margin of 19.58% and a return on equity of 8.06%. During the same period last year, the company posted $0.53 earnings per share. On average, analysts anticipate that MB Financial Inc will post 3.28 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 8th. Shareholders of record on Friday, March 29th were paid a $0.24 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.96 annualized dividend and a yield of 2.27%. MB Financial’s dividend payout ratio (DPR) is 35.56%.

MBFI has been the topic of a number of research reports. BidaskClub lowered shares of MB Financial from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Zacks Investment Research lowered shares of MB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.60.

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MB Financial 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 primarily in Chicago, Illinois metropolitan area. The company operates through three segments: Banking, Leasing, and Mortgage Banking.

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

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