Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in UMB Financial Corp (NASDAQ:UMBF) by 23.0% in the third quarter, HoldingsChannel.com reports. The firm owned 9,160 shares of the bank’s stock after selling 2,730 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in UMB Financial were worth $649,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in UMBF. Rhumbline Advisers raised its position in shares of UMB Financial by 1.2% in the 3rd quarter. Rhumbline Advisers now owns 92,541 shares of the bank’s stock worth $6,561,000 after acquiring an additional 1,124 shares in the last quarter. SG Americas Securities LLC raised its position in shares of UMB Financial by 32.3% in the 3rd quarter. SG Americas Securities LLC now owns 45,076 shares of the bank’s stock worth $3,196,000 after acquiring an additional 11,013 shares in the last quarter. Piermont Capital Management Inc. raised its position in shares of UMB Financial by 16.2% in the 3rd quarter. Piermont Capital Management Inc. now owns 41,100 shares of the bank’s stock worth $2,914,000 after acquiring an additional 5,730 shares in the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of UMB Financial in the 3rd quarter worth $243,000. Finally, American Century Companies Inc. raised its position in shares of UMB Financial by 31.8% in the 3rd quarter. American Century Companies Inc. now owns 2,583,023 shares of the bank’s stock worth $183,136,000 after acquiring an additional 623,116 shares in the last quarter. Hedge funds and other institutional investors own 87.90% of the company’s stock.

In related news, VP Jennifer M. Payne sold 539 shares of the business’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $64.99, for a total transaction of $35,029.61. Following the transaction, the vice president now directly owns 9,338 shares in the company, valued at approximately $606,876.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Timothy R. Murphy bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were acquired at an average price of $74.54 per share, for a total transaction of $74,540.00. Following the completion of the purchase, the director now owns 8,635 shares in the company, valued at $643,652.90. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,365 shares of company stock worth $98,034 and have sold 19,433 shares worth $1,401,547. 10.26% of the stock is owned by insiders.

Shares of UMBF stock opened at $64.00 on Friday. UMB Financial Corp has a 1-year low of $57.00 and a 1-year high of $82.14. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.04. The firm has a market cap of $3.20 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 1.75 and a beta of 0.87.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, October 23rd. The bank reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.04. UMB Financial had a return on equity of 10.22% and a net margin of 25.52%. The firm had revenue of $251.38 million for the quarter, compared to the consensus estimate of $260.02 million. During the same period in the previous year, the business earned $0.98 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts forecast that UMB Financial Corp will post 4.57 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.88%. This is an increase from UMB Financial’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, December 7th. UMB Financial’s payout ratio is 30.93%.

UMBF has been the subject of several recent research reports. Zacks Investment Research raised UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. BidaskClub raised UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th. ValuEngine lowered UMB Financial from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Wells Fargo & Co set a $70.00 price target on UMB Financial and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. Finally, Stephens reissued a “hold” rating and issued a $80.00 price target on shares of UMB Financial in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $77.00.

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UMB Financial Profile

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.

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Institutional Ownership by Quarter for UMB Financial (NASDAQ:UMBF)

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