SG Americas Securities LLC raised its position in UMB Financial Corp (NASDAQ:UMBF) by 3.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 34,931 shares of the bank’s stock after purchasing an additional 1,270 shares during the period. SG Americas Securities LLC’s holdings in UMB Financial were worth $2,256,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Oakworth Capital Inc. purchased a new position in UMB Financial in the 2nd quarter valued at $34,000. North Star Investment Management Corp. acquired a new stake in shares of UMB Financial during the 3rd quarter worth about $44,000. Parkside Investments LLC acquired a new stake in shares of UMB Financial during the 2nd quarter worth about $56,000. Point72 Asset Management L.P. acquired a new stake in shares of UMB Financial during the 2nd quarter worth about $66,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of UMB Financial during the 2nd quarter worth about $71,000. Institutional investors own 85.75% of the company’s stock.
A number of analysts recently issued reports on UMBF shares. Zacks Investment Research downgraded UMB Financial from a “hold” rating to a “sell” rating and set a $71.00 price objective for the company. in a research report on Sunday, November 3rd. BidaskClub raised UMB Financial from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. ValuEngine downgraded UMB Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Finally, Stephens reissued a “buy” rating and set a $75.00 price objective on shares of UMB Financial in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $72.33.
UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 29th. The bank reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $271.90 million during the quarter, compared to the consensus estimate of $276.93 million. UMB Financial had a return on equity of 8.55% and a net margin of 16.06%. During the same period in the previous year, the company posted $1.16 EPS. Equities research analysts predict that UMB Financial Corp will post 4.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be given a $0.31 dividend. This is an increase from UMB Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 1.89%. The ex-dividend date is Monday, December 9th. UMB Financial’s payout ratio is currently 29.78%.
In other UMB Financial news, CAO J Walker Brian sold 1,500 shares of UMB Financial stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $68.00, for a total value of $102,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO J Mariner Kemper sold 6,600 shares of UMB Financial stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $66.95, for a total value of $441,870.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,172 shares of company stock valued at $872,516. 10.45% of the stock is currently owned by corporate insiders.
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.
Featured Article: Return on Investment (ROI) Defined, Explained
Want to see what other hedge funds are holding UMBF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UMB Financial Corp (NASDAQ:UMBF).
Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.com's FREE daily email newsletter.