Pinebridge Investments L.P. reduced its holdings in UMB Financial Corp (NASDAQ:UMBF) by 45.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,019 shares of the bank’s stock after selling 20,835 shares during the period. Pinebridge Investments L.P. owned approximately 0.05% of UMB Financial worth $1,799,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. increased its position in UMB Financial by 6.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,019 shares of the bank’s stock worth $152,000 after buying an additional 129 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in UMB Financial by 50.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,411 shares of the bank’s stock worth $173,000 after buying an additional 807 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in UMB Financial in the 3rd quarter worth approximately $144,000. Quantbot Technologies LP increased its position in UMB Financial by 119.7% in the 3rd quarter. Quantbot Technologies LP now owns 2,830 shares of the bank’s stock worth $210,000 after buying an additional 1,542 shares during the period. Finally, Diversified Trust Co bought a new position in UMB Financial in the 4th quarter worth approximately $227,000. 84.30% of the stock is currently owned by institutional investors.
Shares of UMB Financial Corp (NASDAQ:UMBF) opened at $75.00 on Friday. The stock has a market capitalization of $3,739.55, a P/E ratio of 15.09, a PEG ratio of 1.49 and a beta of 0.87. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.04. UMB Financial Corp has a 1 year low of $62.27 and a 1 year high of $81.55.
UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The business had revenue of $252.38 million for the quarter, compared to analysts’ expectations of $254.98 million. UMB Financial had a return on equity of 9.05% and a net margin of 23.35%. UMB Financial’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. analysts predict that UMB Financial Corp will post 4.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from UMB Financial’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.55%. UMB Financial’s payout ratio is currently 22.13%.
A number of research firms have recently issued reports on UMBF. Zacks Investment Research cut UMB Financial from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th. BidaskClub cut UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Wells Fargo & Co boosted their price objective on UMB Financial from $71.00 to $75.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, Piper Jaffray Companies boosted their price objective on UMB Financial from $78.00 to $79.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. UMB Financial currently has a consensus rating of “Hold” and an average target price of $77.83.
In related news, Chairman J Mariner Kemper sold 5,451 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $77.02, for a total value of $419,836.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kevin M. Macke sold 1,332 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were 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. Over the last 90 days, insiders have sold 12,099 shares of company stock worth $921,006. 10.09% of the stock is currently owned by company 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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