MB Financial Inc (NASDAQ:MBFI).
Cardinal Capital Management LLC /ct says it bought 4,556 shares during the last quarter increasing its stake in MB Financial Inc (MBFI) by 0.2%. Its investment was valued at $94,413,000 an increase of $2,255,000 as of the end of the quarter.
The following firms have recently changed their position in MBFI. As of the end of the quarter Dimensional Fund Advisors Lp had disposed of a total of 47,988 shares trimming its holdings by 1.0%. The value of the investment in MBFI increased from $219,097,000 to $221,811,000 increasing 1.2% quarter over quarter. As of quarter end First Mercantile Trust Co had bought 496 shares growing its position 5.6%. The value of the investment in MB Financial Inc went from $393,000 to $424,000 a change of 7.9% since the last quarter.
As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired a total of 1,829 shares growing its stake by 17.6%. The value in dollars went from $458,000 to $551,000 a change of $93,000 for the reporting period.
On October 20, 2017 SunTrust Banks updated its forecast on MBFI stating a rating of “Buy” and price target of $48.00. October 19 investment analysts at Piper Jaffray Companies left the stock rating at “Hold” with a current price target of $44.00.
On October 12 Jefferies Group LLC held the company rating at “Hold” targeting a price of $49.00. On October 3 Keefe, Bruyette & Woods maintained a stock rating of “Hold” projecting a price of $45.00.
On September 15 Jefferies Group LLC made no change to the stock rating of “Hold” projecting a price of $48.00. On August 29 Keefe, Bruyette & Woods kept the company rating at “Hold” targeting a price of $45.00.
The company is trading up since yesterday’s close of 43.79. The P/E ratio is 18.82 and market cap is 3.71B. In the last earnings report the EPS was $2.35 with 83.89M shares now outstanding.
Traders are feeling more bullish of late if you watch the decrease in short interest. The stock experienced a fall in short interest of -2.07% as of the latest report on October 13, 2017. Short shares decreased 70,998 over that period. Days to cover increased 3.0 to 11.0 and the percentage of shorted shares is 0.04% as of October 13.