Cramer Rosenthal Mcglynn LLC Sells 68,930 Shares of UMB Financial Corporation (UMBF)

Cramer Rosenthal Mcglynn LLC lessened its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 9.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 670,970 shares of the bank’s stock after selling 68,930 shares during the period. Cramer Rosenthal Mcglynn LLC owned 1.35% of UMB Financial worth $49,981,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UMBF. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of UMB Financial by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,604 shares of the bank’s stock valued at $120,000 after buying an additional 130 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of UMB Financial during the 3rd quarter valued at $144,000. PNC Financial Services Group Inc. lifted its position in shares of 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 buying an additional 129 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of 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 buying an additional 863 shares during the last quarter. Finally, Pitcairn Co. purchased a new position in shares of UMB Financial during the 2nd quarter valued at $201,000. 83.00% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the company. Zacks Investment Research cut UMB Financial from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th. Piper Jaffray Companies set a $74.00 price objective on UMB Financial and gave the company a “hold” rating in a research note on Friday, August 25th. Raymond James Financial upgraded UMB Financial from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 10th. Finally, UBS upgraded UMB Financial from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. UMB Financial currently has an average rating of “Hold” and an average price target of $77.20.

Shares of UMB Financial Corporation (NASDAQ UMBF) opened at $75.47 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.66 and a current ratio of 0.66. UMB Financial Corporation has a one year low of $62.27 and a one year high of $81.55. The stock has a market capitalization of $3,706.14, a price-to-earnings ratio of 20.20, a P/E/G ratio of 2.43 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating 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 company had revenue of $245.20 million for the quarter, compared to analyst estimates of $257.76 million. During the same period in the previous year, the company posted $0.87 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. research analysts anticipate that UMB Financial Corporation will post 3.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend 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 is Thursday, December 7th. UMB Financial’s payout ratio is presently 28.41%.

In other UMB Financial news, insider Kevin M. Macke sold 1,332 shares of the company’s stock in a transaction dated 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 link. Also, Director Timothy R. Murphy bought 1,500 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was acquired at an average price of $67.50 per share, for a total transaction of $101,250.00. Following the completion of the purchase, the director now directly owns 4,049 shares in the company, valued at $273,307.50. The disclosure for this purchase can be found here. Insiders own 10.09% of the company’s stock.

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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.

Institutional Ownership by Quarter for UMB Financial (NASDAQ:UMBF)

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