Guggenheim Capital LLC Acquires 10,427 Shares of MB Financial Inc (MBFI)

Guggenheim Capital LLC boosted its position in shares of MB Financial Inc (NASDAQ:MBFI) by 35.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,138 shares of the bank’s stock after buying an additional 10,427 shares during the period. Guggenheim Capital LLC’s holdings in MB Financial were worth $1,896,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MBFI. BlackRock Investment Management LLC increased its position in shares of MB Financial by 48.6% in the third quarter. BlackRock Investment Management LLC now owns 483,845 shares of the bank’s stock worth $18,405,000 after buying an additional 158,277 shares during the period. Patriot Financial Partners GP LP acquired a new position in shares of MB Financial during the third quarter worth approximately $55,884,000. Ameriprise Financial Inc. increased its position in shares of MB Financial by 74.7% in the third quarter. Ameriprise Financial Inc. now owns 738,724 shares of the bank’s stock worth $28,103,000 after buying an additional 315,891 shares during the period. Comerica Bank increased its position in shares of MB Financial by 6.4% in the fourth quarter. Comerica Bank now owns 52,609 shares of the bank’s stock worth $2,420,000 after buying an additional 3,162 shares during the period. Finally, Credit Agricole S A acquired a new position in shares of MB Financial during the fourth quarter worth approximately $154,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

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

MB Financial Inc (NASDAQ:MBFI) traded up 1.14% during midday trading on Thursday, hitting $40.70. 121,221 shares of the stock traded hands. The company’s 50 day moving average is $42.80 and its 200-day moving average is $42.91. MB Financial Inc has a one year low of $32.72 and a one year high of $48.47. The company has a market cap of $3.40 billion, a P/E ratio of 19.10 and a beta of 1.14.

MB Financial (NASDAQ:MBFI) last announced its earnings results on Thursday, January 26th. The bank reported $0.59 EPS for the quarter, missing the consensus estimate of $0.61 by $0.02. MB Financial had a return on equity of 8.33% and a net margin of 18.78%. The firm earned $238.04 million during the quarter, compared to analyst estimates of $252.20 million. On average, equities research analysts forecast that MB Financial Inc will post $2.60 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Monday, March 13th. MB Financial’s payout ratio is 35.68%.

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A number of equities analysts have recently issued reports on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $48.00 price target on shares of MB Financial in a research report on Tuesday, April 4th. Keefe, Bruyette & Woods set a $46.00 price target on MB Financial and gave the stock a “hold” rating in a research report on Monday, April 3rd. Macquarie began coverage on shares of MB Financial in a report on Friday, February 17th. They set an “outperform” rating and a $52.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of MB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 1st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $45.81.

In other news, insider Brian J. Wildman sold 5,382 shares of the stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $44.92, for a total value of $241,759.44. Following the completion of the sale, the insider now directly owns 27,281 shares of the company’s stock, valued at $1,225,462.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James N. Hallene sold 9,258 shares of the stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $45.00, for a total transaction of $416,610.00. Following the completion of the sale, the director now directly owns 23,247 shares of the company’s stock, valued at $1,046,115. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,582 shares of company stock valued at $883,011. Corporate insiders own 7.05% of the company’s stock.

About MB Financial

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.

5 Day Chart for NASDAQ:MBFI

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