Oregon Public Employees Retirement Fund trimmed its position in UMB Financial Corp (NASDAQ:UMBF) by 6.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,074 shares of the bank’s stock after selling 1,066 shares during the period. Oregon Public Employees Retirement Fund’s holdings in UMB Financial were worth $829,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Champlain Investment Partners LLC increased its position in UMB Financial by 2.1% in the 1st quarter. Champlain Investment Partners LLC now owns 1,800,055 shares of the bank’s stock valued at $83,487,000 after buying an additional 37,275 shares in the last quarter. State Street Corp increased its position in UMB Financial by 1.5% in the 1st quarter. State Street Corp now owns 1,682,169 shares of the bank’s stock valued at $78,529,000 after buying an additional 25,271 shares in the last quarter. Wells Fargo & Company MN increased its position in UMB Financial by 8.2% in the 1st quarter. Wells Fargo & Company MN now owns 1,650,724 shares of the bank’s stock valued at $76,560,000 after buying an additional 125,547 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in UMB Financial by 1.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 809,744 shares of the bank’s stock valued at $37,556,000 after buying an additional 13,408 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in UMB Financial by 7.0% in the 1st quarter. Geode Capital Management LLC now owns 694,352 shares of the bank’s stock valued at $32,204,000 after buying an additional 45,128 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Ram Shankar purchased 782 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $47.01 per share, for a total transaction of $36,761.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.24% of the stock is currently owned by insiders.
A number of brokerages recently commented on UMBF. BidaskClub lowered UMB Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, July 8th. Wells Fargo & Co raised UMB Financial from an “underweight” rating to an “equal weight” rating and set a $52.00 target price for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. UMB Financial presently has a consensus rating of “Hold” and a consensus target price of $66.67.
UMBF stock opened at $49.80 on Friday. The company has a market capitalization of $2.40 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 4.50 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.69 and a current ratio of 0.71. UMB Financial Corp has a 52-week low of $39.47 and a 52-week high of $70.26. The business has a 50-day simple moving average of $49.20 and a two-hundred day simple moving average of $53.39.
UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.96. The business had revenue of $298.69 million during the quarter, compared to the consensus estimate of $282.63 million. UMB Financial had a return on equity of 7.22% and a net margin of 14.62%. During the same quarter in the previous year, the business earned $1.17 EPS. As a group, sell-side analysts forecast that UMB Financial Corp will post 2.46 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.24 dividend on an annualized basis and a yield of 2.49%. UMB Financial’s dividend payout ratio (DPR) is currently 24.85%.
About UMB Financial
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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