Callan Capital Lowers stake in MB Financial Inc (MBFI)

MB Financial Inc (MBFI) : Callan Capital reduced its stake in MB Financial Inc by 11.46% during the most recent quarter end. The investment management company now holds a total of 13,905 shares of MB Financial Inc which is valued at $537,706 after selling 1,800 shares in MB Financial Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.MB Financial Inc makes up approximately 0.21% of Callan Capital’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. sold out all of its stake in MBFI during the most recent quarter. The investment firm sold 7,101 shares of MBFI which is valued $274,596.Blackrock Fund Advisors reduced its stake in MBFI by selling 676 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 4,516,219 shares of MBFI which is valued at $174,642,189. MB Financial Inc makes up approx 0.04% of Blackrock Fund Advisors’s portfolio.Blackrock Advisors reduced its stake in MBFI by selling 922 shares or 2.73% in the most recent quarter. The Hedge Fund company now holds 32,855 shares of MBFI which is valued at $1,270,503.Thomson Horstmann Bryant Inc reduced its stake in MBFI by selling 44,500 shares or 74.2% in the most recent quarter. The Hedge Fund company now holds 15,472 shares of MBFI which is valued at $595,053. MB Financial Inc makes up approx 0.07% of Thomson Horstmann Bryant Inc’s portfolio.

MB Financial Inc opened for trading at $38.91 and hit $39.46 on the upside on Monday, eventually ending the session at $39.24, with a gain of 0.64% or 0.25 points. The heightened volatility saw the trading volume jump to 7,35,383 shares. Company has a market cap of $2,894 M.

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.

Many Wall Street Analysts have commented on MB Financial Inc. MB Financial Inc was Initiated by Piper Jaffray to “Overweight” 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.

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