Salzhauer Michael Lowers stake in MB Financial Inc (MBFI)

MB Financial Inc (MBFI) : Salzhauer Michael reduced its stake in MB Financial Inc by 4.37% during the most recent quarter end. The investment management company now holds a total of 169,294 shares of MB Financial Inc which is valued at $5,884,659 after selling 7,734 shares in MB Financial Inc , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.MB Financial Inc makes up approximately 4.87% of Salzhauer Michael’s portfolio.

MB Financial Inc opened for trading at $34.91 and hit $35.16 on the upside on Monday, eventually ending the session at $35.07, with a gain of 0.89% or 0.31 points. The heightened volatility saw the trading volume jump to 3,44,829 shares. Company has a market cap of $2,584 M.

Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in MBFI by selling 2,537 shares or 4.4% in the most recent quarter. The Hedge Fund company now holds 55,070 shares of MBFI which is valued at $1,914,233. MB Financial Inc makes up approx 0.02% of Texas Permanent School Fund’s portfolio. Crestpoint Capital Management added MBFI to its portfolio by purchasing 40,900 company shares during the most recent quarter which is valued at $1,352,154. MB Financial Inc makes up approx 0.73% of Crestpoint Capital Management’s portfolio.Independent Portfolio Consultants reduced its stake in MBFI by selling 360 shares or 2.19% in the most recent quarter. The Hedge Fund company now holds 16,070 shares of MBFI which is valued at $531,274. MB Financial Inc makes up approx 0.15% of Independent Portfolio Consultants’s portfolio.

On the company’s financial health, MB Financial Inc reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Oct 15, 2015. Analyst had a consensus of $0.53.Analysts expectations of $ 204.59.During the same quarter in the previous year, the company posted $0.52 EPS.

MB Financial Inc. (MB Financial) is a financial holding company. Through its bank subsidiary MB Financial Bank N.A. (MB Financial Bank) the Company offers financial services to small and middle market businesses and individuals in the markets that it serves. Its primary business segments include banking leasing and mortgage banking. It makes commercial loans to middle market businesses located in the Chicago area. Loan products offered by it are primarily working capital term loans and lines of credit that help its customers finance accounts receivable inventory and equipment. It also offers financial performance and commercial letters of credit. It originates commercial real estate loans that are secured by multi-unit residential property and owner and non-owner occupied commercial and industrial property. Its consumer loan portfolio is focused on indirect vehicle loans through a network of motorcycle power sports recreational vehicles and marine dealers.

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