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 3.11% during the most recent quarter end. The investment management company now holds a total of 88,036 shares of MB Financial Inc which is valued at $3,355,932 after selling 2,825 shares in MB Financial Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.MB Financial Inc makes up approximately 0.83% of Mission Wealth Management’s portfolio.

Other Hedge Funds, Including , Old Second National Bank Of Aurora reduced its stake in MBFI by selling 3,094 shares or 11.24% in the most recent quarter. The Hedge Fund company now holds 24,430 shares of MBFI which is valued at $939,578. MB Financial Inc makes up approx 0.42% of Old Second National Bank Of Aurora’s portfolio.Gofen Glossberg Il reduced its stake in MBFI by selling 800 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 71,733 shares of MBFI which is valued at $2,697,878. MB Financial Inc makes up approx 0.11% of Gofen Glossberg Il’s portfolio.

MB Financial Inc closed down -0.36 points or -0.92% at $38.68 with 3,05,742 shares getting traded on Monday. Post opening the session at $39.17, the shares hit an intraday low of $38.64 and an intraday high of $39.17 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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