First National Bank of Omaha lifted its stake in UMB Financial Corp (NASDAQ:UMBF) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,750 shares of the bank’s stock after purchasing an additional 591 shares during the period. First National Bank of Omaha’s holdings in UMB Financial were worth $1,340,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Diversified Trust Co increased its stake in shares of UMB Financial by 8.3% in the 2nd quarter. Diversified Trust Co now owns 6,200 shares of the bank’s stock worth $408,000 after acquiring an additional 475 shares in the last quarter. Altfest L J & Co. Inc. bought a new position in shares of UMB Financial in the 2nd quarter worth about $283,000. Oregon Public Employees Retirement Fund increased its stake in shares of UMB Financial by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,100 shares of the bank’s stock worth $1,191,000 after acquiring an additional 252 shares in the last quarter. Arizona State Retirement System increased its stake in shares of UMB Financial by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 32,051 shares of the bank’s stock worth $2,110,000 after acquiring an additional 350 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of UMB Financial by 10.7% in the 2nd quarter. SG Americas Securities LLC now owns 33,661 shares of the bank’s stock worth $2,216,000 after acquiring an additional 3,249 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.
In other UMB Financial news, VP Jennifer M. Payne sold 3,960 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $65.27, for a total transaction of $258,469.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Mariner Kemper sold 6,600 shares of UMB Financial stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $66.95, for a total transaction of $441,870.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,172 shares of company stock valued at $872,516. 10.45% of the stock is owned by company insiders.
A number of analysts have weighed in on the stock. Stephens restated a “buy” rating and set a $75.00 price objective on shares of UMB Financial in a research note on Monday, September 16th. Zacks Investment Research lowered shares of UMB Financial from a “hold” rating to a “sell” rating and set a $71.00 price objective for the company. in a research note on Sunday, November 3rd. BidaskClub upgraded shares of UMB Financial from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Finally, ValuEngine lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. UMB Financial has a consensus rating of “Hold” and an average target price of $72.33.
NASDAQ:UMBF opened at $67.16 on Friday. The firm has a market cap of $3.30 billion, a P/E ratio of 16.67, a P/E/G ratio of 2.74 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 0.68. UMB Financial Corp has a fifty-two week low of $57.90 and a fifty-two week high of $71.97. The firm has a 50-day simple moving average of $64.97 and a two-hundred day simple moving average of $65.11.
UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $271.90 million during the quarter, compared to analyst estimates of $276.93 million. UMB Financial had a net margin of 16.06% and a return on equity of 8.55%. During the same period last year, the business earned $1.16 EPS. On average, equities research analysts predict that UMB Financial Corp will post 4.73 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.31 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Monday, December 9th. UMB Financial’s dividend payout ratio (DPR) is currently 29.78%.
UMB Financial Profile
UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.
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