Nationwide Fund Advisors lessened its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 1.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 116,268 shares of the bank’s stock after selling 1,829 shares during the period. Nationwide Fund Advisors owned about 0.23% of UMB Financial worth $8,661,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UMBF. Cramer Rosenthal Mcglynn LLC raised its holdings in UMB Financial by 48.2% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 739,900 shares of the bank’s stock worth $55,389,000 after acquiring an additional 240,575 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in UMB Financial by 33.6% during the second quarter. Eagle Asset Management Inc. now owns 789,143 shares of the bank’s stock worth $59,075,000 after acquiring an additional 198,343 shares in the last quarter. Hillcrest Asset Management LLC bought a new stake in UMB Financial during the second quarter worth about $11,525,000. Wells Fargo & Company MN raised its holdings in UMB Financial by 15.0% during the second quarter. Wells Fargo & Company MN now owns 835,612 shares of the bank’s stock worth $62,554,000 after acquiring an additional 109,279 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in UMB Financial by 8.7% during the second quarter. Victory Capital Management Inc. now owns 1,274,598 shares of the bank’s stock worth $95,416,000 after acquiring an additional 101,817 shares in the last quarter. Institutional investors and hedge funds own 83.00% of the company’s stock.
Several research firms have issued reports on UMBF. Zacks Investment Research lowered UMB Financial from a “hold” rating to a “sell” rating in a research note 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. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. UMB Financial presently has an average rating of “Hold” and a consensus target price of $77.20.
Shares of UMB Financial Corporation (UMBF) opened at $73.26 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $3,650.00, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 2.27 and a beta of 0.82. UMB Financial Corporation has a 52 week low of $62.27 and a 52 week high of $81.55.
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 the 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 revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. equities research analysts forecast that UMB Financial Corporation will post 3.63 EPS for the current fiscal year.
The company 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 dividend of $0.275 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.50%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.26. UMB Financial’s dividend payout ratio (DPR) is 28.41%.
In other news, Director Timothy R. Murphy bought 1,500 shares of the stock in a transaction dated Tuesday, September 12th. The shares were bought 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 owns 4,049 shares in the company, valued at $273,307.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin M. Macke sold 1,332 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $75.50, for a total value of $100,566.00. The disclosure for this sale can be found here. In the last quarter, insiders have bought 1,786 shares of company stock worth $122,201. 10.09% of the stock is owned by corporate insiders.
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About UMB Financial
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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