Mb Financial Inc /md (MBFI): Jill E York , Vice President and CFO of Mb Financial Inc /md sold 2,500 shares on Jul 12, 2016. The Insider selling transaction was reported by the company on Jul 13, 2016 to the Securities and Exchange Commission. The shares were sold at $37.26 per share for a total value of $93,139.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 1, 2016, Rose Marie Bouman (other) sold 2,781 shares at $36.36 per share price.On May 26, 2016, Ronald D Santo (director) sold 5,000 shares at $36.05 per share price.Also, On May 26, 2016, Jill E York (Vice President and CFO) sold 2,500 shares at $36.12 per share price.On May 4, 2016, Thomas H Harvey (director) sold 12,900 shares at $34.12 per share price.
MB Financial Inc: On Monday, Jul 11, 2016 heightened volatility was witnessed in MB Financial Inc which led to swings in the share price. The shares opened for trading at $36.75 and hit $36.95 on the upside , eventually ending the session at $36.95, with a gain of 1.21% or 0.44 points. The heightened volatility saw the trading volume jump to 3,29,579 shares. The 52-week high of the share price is $36.95 and the company has a market cap of $2,722 M . The 52-week low of the share price is at $27.98.
Company has been under the radar of several Street Analysts.MB Financial Inc is Initiated by Piper Jaffray to Overweight. The Rating was issued on Jun 10, 2016.
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.