UMB Bank N A MO cut its stake in UMB Financial Corp (NASDAQ:UMBF) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,754,227 shares of the bank’s stock after selling 19,588 shares during the period. UMB Financial comprises approximately 13.5% of UMB Bank N A MO’s holdings, making the stock its largest holding. UMB Bank N A MO owned approximately 0.12% of UMB Financial worth $413,844,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in UMB Financial during the 3rd quarter valued at $144,000. PNC Financial Services Group Inc. increased its holdings in UMB Financial by 6.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,019 shares of the bank’s stock valued at $152,000 after purchasing an additional 129 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in UMB Financial by 53.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,463 shares of the bank’s stock valued at $184,000 after purchasing an additional 863 shares in the last quarter. Quantbot Technologies LP increased its holdings in UMB Financial by 119.7% during the 3rd quarter. Quantbot Technologies LP now owns 2,830 shares of the bank’s stock valued at $210,000 after purchasing an additional 1,542 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in UMB Financial during the 2nd quarter valued at $215,000. 83.00% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on UMBF shares. Zacks Investment Research cut UMB Financial from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $74.00 price target on shares of UMB Financial in a report on Friday, October 6th. Finally, BidaskClub cut UMB Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. UMB Financial has an average rating of “Hold” and a consensus price target of $77.40.
UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. The firm had revenue of $245.20 million for the quarter, compared to analyst estimates of $257.76 million. UMB Financial had a return on equity of 9.03% and a net margin of 17.05%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.87 EPS. equities research analysts forecast that UMB Financial Corp will post 3.62 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.46%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, December 7th. UMB Financial’s dividend payout ratio (DPR) is presently 30.64%.
In other UMB Financial news, insider Kevin M. Macke sold 1,332 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $75.50, for a total value of $100,566.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christian R. Swett sold 1,862 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $73.50, for a total value of $136,857.00. The disclosure for this sale can be found here. 10.09% of the stock is currently owned by company insiders.
UMB Financial 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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