UMB Financial Corp (UMBF) Position Increased by Rhumbline Advisers
Rhumbline Advisers lifted its position in UMB Financial Corp (NASDAQ:UMBF) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,541 shares of the bank’s stock after buying an additional 1,124 shares during the period. Rhumbline Advisers owned about 0.19% of UMB Financial worth $6,561,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UMBF. Kornitzer Capital Management Inc. KS bought a new position in UMB Financial during the 2nd quarter worth about $200,000. NJ State Employees Deferred Compensation Plan bought a new position in UMB Financial during the 3rd quarter worth about $213,000. Nomura Holdings Inc. bought a new position in UMB Financial during the 2nd quarter worth about $226,000. Stone Ridge Asset Management LLC bought a new position in UMB Financial during the 3rd quarter worth about $243,000. Finally, Royal Bank of Canada increased its holdings in UMB Financial by 35.3% during the 1st quarter. Royal Bank of Canada now owns 4,299 shares of the bank’s stock worth $312,000 after purchasing an additional 1,121 shares in the last quarter. Institutional investors and hedge funds own 87.90% of the company’s stock.
In related news, insider J Walker Brian sold 500 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $75.75, for a total value of $37,875.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dana H. Abraham sold 6,274 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $74.06, for a total transaction of $464,652.44. Following the completion of the sale, the insider now owns 13,796 shares of the company’s stock, valued at $1,021,731.76. The disclosure for this sale can be found here. Insiders sold a total of 19,433 shares of company stock valued at $1,401,547 over the last quarter. 10.26% of the stock is currently owned by company insiders.
UMB Financial stock opened at $64.09 on Wednesday. UMB Financial Corp has a one year low of $57.00 and a one year high of $82.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market cap of $3.38 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 1.84 and a beta of 0.87.
UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, October 23rd. The bank reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.04. UMB Financial had a net margin of 25.52% and a return on equity of 10.22%. The company had revenue of $251.38 million during the quarter, compared to the consensus estimate of $260.02 million. During the same period in the prior year, the business posted $0.98 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts expect that UMB Financial Corp will post 4.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 10th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.87%. 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 dividend payout ratio is currently 30.93%.
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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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