Cramer Rosenthal Mcglynn LLC decreased its position in MB Financial Inc (NASDAQ:MBFI) by 24.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 376,040 shares of the bank’s stock after selling 124,320 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned approximately 0.45% of MB Financial worth $16,741,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Advisor Group Inc. lifted its holdings in MB Financial by 93.4% in the fourth quarter. Advisor Group Inc. now owns 2,940 shares of the bank’s stock valued at $131,000 after acquiring an additional 1,420 shares during the period. Meeder Asset Management Inc. bought a new position in MB Financial in the fourth quarter valued at about $169,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in MB Financial by 40.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,568 shares of the bank’s stock valued at $203,000 after acquiring an additional 1,313 shares during the period. HighPoint Advisor Group LLC bought a new position in shares of MB Financial in the third quarter worth about $208,000. Finally, Fox Run Management L.L.C. bought a new position in shares of MB Financial in the fourth quarter worth about $260,000. 75.97% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on MBFI shares. BidaskClub downgraded MB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded MB Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $45.00 price objective on shares of MB Financial in a research note on Sunday, January 28th. Hovde Group set a $49.00 price objective on MB Financial and gave the stock a “hold” rating in a research note on Friday, January 12th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $52.00 price objective on shares of MB Financial in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $47.75.
MB Financial (NASDAQ:MBFI) last issued its earnings results on Thursday, January 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.10). The business had revenue of $242.71 million for the quarter, compared to the consensus estimate of $251.78 million. MB Financial had a net margin of 29.25% and a return on equity of 8.11%. During the same period last year, the business posted $0.59 EPS. equities analysts forecast that MB Financial Inc will post 2.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, March 14th. This is an increase from MB Financial’s previous quarterly dividend of $0.21. MB Financial’s dividend payout ratio (DPR) is 24.14%.
TRADEMARK VIOLATION WARNING: This article was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://www.americanbankingnews.com/2018/03/14/cramer-rosenthal-mcglynn-llc-sells-124320-shares-of-mb-financial-inc-mbfi.html.
MB Financial Company Profile
MB Financial, Inc (MB Financial) is a financial holding company. The Company’s segments include banking, leasing and mortgage banking. As of December 31, 2016, the Company’s primary market was the Chicago metropolitan area, in which the Company operated 95 banking offices through its bank subsidiary, MB Financial Bank, N.A.
Receive News & Ratings for MB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MB Financial and related companies with MarketBeat.com's FREE daily email newsletter.