A Director at Mb Financial Inc. (NASDAQ: MBFI) is Selling Shares

By George MacDonald

Today, a Director at Mb Financial Inc. (NASDAQ: MBFI), Thomas Harvey, sold shares of MBFI for $700.8k.

In addition to Thomas Harvey, 14 other MBFI executives reported Sell trades in the last month. Following Thomas Harvey’s last MBFI Sell transaction on March 08, 2016, the stock climbed by 2.8%.

Based on Mb Financial Inc.`s latest earnings report from December 31, the company posted quarterly revenue of $205.2M and quarterly net profit of $43.61M. In comparison, last year the company earned revenue of $201.4M and had a net profit of $34.11M. The company has a one year high of $35.84 and a one year low of $27.83. MBFI’s market cap is $2.55B and the company has a P/E ratio of 16.63%.

Looking at blogger coverage of MBFI, there is a 100% Bullish tendency on the stock, in relation to a 73% average bullish tendency within the Financial sector.

In the last 30 days, insiders have sold $2.54M worth of MBFI shares and purchased $630.9k worth of MBFI shares. Over the last 3 months, the insider sentiment on Mb Financial Inc. has been negative based on 83 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

MB Financial, Inc. operates as a bank holding company for MB Financial Bank NA. Its primary lines of business include commercial banking, leasing, retail banking and wealth management. The company offers financial solutions, including debt, equity and bridge financing to privately-held middle-market businesses, as well as small businesses and individuals. Its commercial banking business offers credit, deposit, and treasury management products. The company was founded in 2001 and is headquartered in Chicago, IL.