Trading Report: Today, Strs Ohio Raises Stake in MB Financial Inc. (MBFI)

Today, Strs Ohio Raises Stake in MB Financial Inc. (MBFI)

Strs Ohio increased its stake in MB Financial Inc. (NASDAQ:MBFI) by 17.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,300 shares of the company’s stock after buying an additional 1,400 shares during the period. Strs Ohio’s holdings in MB Financial were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MBFI. Trust Department MB Financial Bank N A boosted its stake in MB Financial by 2.3% in the second quarter. Trust Department MB Financial Bank N A now owns 705,860 shares of the company’s stock valued at $24,310,000 after buying an additional 15,943 shares in the last quarter. Wesbanco Bank Inc. acquired a new stake in MB Financial during the second quarter worth about $424,000. Principal Financial Group Inc. boosted its stake in MB Financial by 3.1% in the second quarter. Principal Financial Group Inc. now owns 496,424 shares of the company’s stock worth $18,011,000 after buying an additional 14,743 shares during the period. Nomura Holdings Inc. acquired a new stake in MB Financial during the second quarter worth about $209,000. Finally, Bank of Montreal Can acquired a new stake in MB Financial during the second quarter worth about $2,267,000. Institutional investors and hedge funds own 67.27% of the company’s stock.

Shares of MB Financial Inc. (NASDAQ:MBFI) traded up 0.61% during mid-day trading on Friday, hitting $44.25. 150,211 shares of the stock were exchanged. The company has a market capitalization of $3698.28 billion, a PE ratio of 22.81 and a beta of 1.07. The firm has a 50-day moving average price of $38.71 and a 200 day moving average price of $37.54. MB Financial Inc. has a 12-month low of $27.98 and a 12-month high of $44.25.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.72%. MB Financial’s dividend payout ratio (DPR) is presently 35.19%.

A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of MB Financial from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Wednesday. Jefferies Group reiterated a “hold” rating and issued a $39.00 target price on shares of MB Financial in a research note on Tuesday, November 1st. DA Davidson upgraded shares of MB Financial from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Monday, October 24th. JMP Securities assumed coverage on shares of MB Financial in a research note on Friday, September 16th. They issued a “market perform” rating for the company. Finally, Sandler O’Neill cut shares of MB Financial from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.94.

In related news, insider Rose Marie Bouman sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $42.11, for a total transaction of $84,220.00. Following the completion of the sale, the insider now directly owns 76,710 shares of the company’s stock, valued at approximately $3,230,258.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jill E. York sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $39.05, for a total value of $195,250.00. Following the sale, the vice president now directly owns 69,889 shares of the company’s stock, valued at $2,729,165.45. The disclosure for this sale can be found here. 7.05% of the stock is owned by insiders.

MB Financial Company Profile

MB Financial, Inc is a financial holding company. The Company, through its bank subsidiary, MB Financial Bank, N.A., offers a range of financial services to small and middle market businesses, and individuals. The Company’s segments include banking, leasing and mortgage banking. Its banking segment includes lending and deposit gathering activities.

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