Mission Wealth Management Lowers stake in MB Financial Inc (MBFI)

MB Financial Inc (MBFI) : Mission Wealth Management reduced its stake in MB Financial Inc by 1.7% during the most recent quarter end. The investment management company now holds a total of 86,536 shares of MB Financial Inc which is valued at $3,536,726 after selling 1,500 shares in MB Financial Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.MB Financial Inc makes up approximately 0.84% of Mission Wealth Management’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc boosted its stake in MBFI in the latest quarter, The investment management firm added 8,569 additional shares and now holds a total of 13,146 shares of MB Financial Inc which is valued at $537,277.Blackrock Advisors boosted its stake in MBFI in the latest quarter, The investment management firm added 5,527 additional shares and now holds a total of 38,382 shares of MB Financial Inc which is valued at $1,433,568.Blackrock Group Ltd reduced its stake in MBFI by selling 51,371 shares or 53.52% in the most recent quarter. The Hedge Fund company now holds 44,620 shares of MBFI which is valued at $1,666,557.Municipal Employees’ Retirement System Of Michigan reduced its stake in MBFI by selling 14,980 shares or 84.87% in the most recent quarter. The Hedge Fund company now holds 2,670 shares of MBFI which is valued at $99,725. MB Financial Inc makes up approx 0.01% of Municipal Employees’ Retirement System Of Michigan’s portfolio. Calvert Investment Management added MBFI to its portfolio by purchasing 5,358 company shares during the most recent quarter which is valued at $200,121. MB Financial Inc makes up approx 0.01% of Calvert Investment Management’s portfolio.

MB Financial Inc opened for trading at $43 and hit $43.19 on the upside on Monday, eventually ending the session at $42.9, with a gain of 0.26% or 0.11 points. The heightened volatility saw the trading volume jump to 4,46,808 shares. Company has a market cap of $3,585 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.

Investors should note that on Nov 14, 2016, MB Financial Inc announced a cash dividend of $0.1900. The company’s management has announced Dec 13, 2016 as the ex-dividend date and fixed the record date on Dec 15, 2016. The payable date has been fixed on Dec 30, 2016.

Many Wall Street Analysts have commented on MB Financial Inc. MB Financial Inc was Initiated by JMP Securities to “Mkt Perform” on Sep 16, 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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