Squarepoint Ops LLC Has $226,000 Position in MB Financial Inc (NASDAQ:MBFI)

Squarepoint Ops LLC cut its stake in shares of MB Financial Inc (NASDAQ:MBFI) by 50.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,715 shares of the bank’s stock after selling 5,846 shares during the quarter. Squarepoint Ops LLC’s holdings in MB Financial were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of MBFI. Oregon Public Employees Retirement Fund raised its position in shares of MB Financial by 3,937.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,331,291 shares of the bank’s stock worth $34,000 after acquiring an additional 1,298,314 shares in the last quarter. Toronto Dominion Bank raised its position in shares of 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 acquiring an additional 1,448 shares in the last quarter. FMR LLC bought a new position in shares of MB Financial in the 3rd quarter worth approximately $109,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MB Financial by 11.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,541 shares of the bank’s stock worth $220,000 after acquiring an additional 576 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of MB Financial by 11.9% in the 4th 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 in the last quarter. Institutional investors own 74.20% of the company’s stock.

MBFI has been the subject of several research reports. Zacks Investment Research lowered MB Financial from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. BidaskClub raised MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $53.60.

In other MB Financial news, 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 value of $144,999.90. Following the completion of the sale, the insider now owns 24,940 shares of the company’s stock, valued at approximately $1,100,851.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jill E. York sold 10,000 shares of MB Financial stock in a transaction on Thursday, February 28th. The stock was 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 of the company’s stock, valued at approximately $3,304,649.15. 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 on Friday. The company had a trading volume of 35,365,244 shares, compared to its average volume of 2,826,225. MB Financial Inc has a one year low of $37.13 and a one year high of $51.59. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.23 and a beta of 0.99.

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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 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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