Today, MB Financial Inc. (MBFI) Stake Boosted by Vanguard Group Inc.

Today, MB Financial Inc. (MBFI) Stake Boosted by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in MB Financial Inc. (NASDAQ:MBFI) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,482,492 shares of the company’s stock after buying an additional 185,069 shares during the period. Vanguard Group Inc. owned about 7.46% of MB Financial worth $198,904,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MBFI. Capstone Asset Management Co. boosted its position in MB Financial by 2.2% in the second quarter. Capstone Asset Management Co. now owns 20,775 shares of the company’s stock valued at $754,000 after buying an additional 440 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of MB Financial by 7.8% in the second quarter. Teacher Retirement System of Texas now owns 9,826 shares of the company’s stock valued at $356,000 after buying an additional 715 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of MB Financial by 1.2% in the second quarter. Oppenheimer & Co. Inc. now owns 62,162 shares of the company’s stock valued at $2,255,000 after buying an additional 735 shares during the last quarter. Endeavour Capital Advisors Inc. raised its stake in shares of MB Financial by 0.7% in the first quarter. Endeavour Capital Advisors Inc. now owns 126,469 shares of the company’s stock valued at $4,104,000 after buying an additional 884 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of MB Financial by 2.7% in the second quarter. UBS Asset Management Americas Inc. now owns 46,656 shares of the company’s stock valued at $1,692,000 after buying an additional 1,220 shares during the last quarter. Hedge funds and other institutional investors own 64.20% of the company’s stock.

MB Financial Inc. (NASDAQ:MBFI) opened at 37.11 on Tuesday. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 17.33 and a beta of 1.06. MB Financial Inc. has a 1-year low of $27.98 and a 1-year high of $39.50. The stock has a 50 day moving average price of $38.13 and a 200-day moving average price of $36.48.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.76 annualized dividend and a dividend yield of 2.05%. MB Financial’s dividend payout ratio is presently 35.68%.

Several analysts recently commented on MBFI shares. JMP Securities started coverage on MB Financial in a report on Friday, September 16th. They issued a “market perform” rating for the company. Zacks Investment Research raised MB Financial from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Friday, October 7th. Sandler O’Neill lowered MB Financial from a “buy” rating to a “hold” rating in a report on Friday, August 26th. JPMorgan Chase & Co. lifted their price objective on MB Financial from $35.50 to $36.50 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Finally, DA Davidson lifted their price objective on MB Financial from $39.19 to $43.00 and gave the stock a “neutral” rating in a report on Friday, August 26th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. MB Financial currently has a consensus rating of “Hold” and an average price target of $36.28.

In related news, insider Brian J. Wildman sold 4,000 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $38.42, for a total value of $153,680.00. Following the completion of the transaction, the insider now owns 31,155 shares in the company, valued at approximately $1,196,975.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rose Marie Bouman sold 1,424 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $38.67, for a total value of $55,066.08. Following the completion of the transaction, the insider now owns 67,463 shares of the company’s stock, valued at approximately $2,608,794.21. The disclosure for this sale can be found here. Insiders own 7.05% of the company’s stock.

MB Financial Company Profile

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