Dimensional Fund Advisors LP trimmed its holdings in shares of UMB Financial Corp (NASDAQ:UMBF) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,101,063 shares of the bank’s stock after selling 23,885 shares during the quarter. Dimensional Fund Advisors LP owned 2.21% of UMB Financial worth $82,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in UMBF. Schwab Charles Investment Management Inc. grew its stake in UMB Financial by 4.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 250,009 shares of the bank’s stock valued at $18,624,000 after purchasing an additional 9,767 shares during the last quarter. Wells Fargo & Company MN grew its stake in UMB Financial by 14.2% during the 3rd quarter. Wells Fargo & Company MN now owns 954,508 shares of the bank’s stock valued at $71,101,000 after purchasing an additional 118,896 shares during the last quarter. Nuance Investments LLC grew its stake in UMB Financial by 1,227.7% during the 3rd quarter. Nuance Investments LLC now owns 550,158 shares of the bank’s stock valued at $40,981,000 after purchasing an additional 508,722 shares during the last quarter. Legal & General Group Plc grew its stake in UMB Financial by 8.5% during the 3rd quarter. Legal & General Group Plc now owns 51,582 shares of the bank’s stock valued at $3,844,000 after purchasing an additional 4,061 shares during the last quarter. Finally, American International Group Inc. grew its stake in UMB Financial by 3.0% during the 3rd quarter. American International Group Inc. now owns 120,398 shares of the bank’s stock valued at $8,968,000 after purchasing an additional 3,550 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.
Several analysts have weighed in on UMBF shares. Zacks Investment Research upgraded UMB Financial from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research note on Thursday, October 5th. Piper Jaffray Companies reiterated a “neutral” rating and set a $74.00 price target on shares of UMB Financial in a research note on Friday, October 6th. Finally, BidaskClub downgraded UMB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. UMB Financial has a consensus rating of “Hold” and an average target price of $77.20.
Shares of UMB Financial Corp (NASDAQ:UMBF) opened at $74.49 on Friday. UMB Financial Corp has a one year low of $62.27 and a one year high of $81.55. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $3,743.54, a PE ratio of 20.75, a PEG ratio of 2.29 and a beta of 0.82.
UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 24th. The bank reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. UMB Financial had a return on equity of 9.03% and a net margin of 17.05%. The firm had revenue of $245.20 million for the quarter, compared to the consensus estimate of $257.76 million. During the same quarter in the prior year, the business earned $0.87 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. research analysts expect that UMB Financial Corp will post 3.63 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be paid a $0.275 dividend. This is an increase from UMB Financial’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, December 7th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.48%. UMB Financial’s dividend payout ratio is presently 30.64%.
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UMB Financial Company Profile
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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