UMB Financial Corp. (UMBF) Shares Sold by Rice Hall James & Associates LLC
Rice Hall James & Associates LLC lowered its position in shares of UMB Financial Corp. (NASDAQ:UMBF) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 344,184 shares of the company’s stock after selling 3,771 shares during the period. UMB Financial Corp. makes up 1.1% of Rice Hall James & Associates LLC’s portfolio, making the stock its 22nd largest position. Rice Hall James & Associates LLC owned 0.70% of UMB Financial Corp. worth $18,314,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of UMBF. First Midwest Bank Trust Division boosted its stake in shares of UMB Financial Corp. by 47.0% in the second quarter. First Midwest Bank Trust Division now owns 9,763 shares of the company’s stock worth $519,000 after buying an additional 3,120 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of UMB Financial Corp. by 20.8% in the second quarter. American Century Companies Inc. now owns 2,653,371 shares of the company’s stock worth $141,186,000 after buying an additional 456,730 shares in the last quarter. Strs Ohio boosted its stake in shares of UMB Financial Corp. by 88.9% in the second quarter. Strs Ohio now owns 5,100 shares of the company’s stock worth $271,000 after buying an additional 2,400 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of UMB Financial Corp. during the second quarter worth approximately $261,000. Finally, Independent Portfolio Consultants Inc. boosted its stake in shares of UMB Financial Corp. by 57.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 11,950 shares of the company’s stock worth $636,000 after buying an additional 4,380 shares in the last quarter. Institutional investors own 84.20% of the company’s stock.
Shares of UMB Financial Corp. (NASDAQ:UMBF) traded down 0.76% during mid-day trading on Monday, hitting $59.00. 110,976 shares of the stock were exchanged. UMB Financial Corp. has a 52-week low of $39.55 and a 52-week high of $61.24. The company has a market cap of $2.92 billion, a P/E ratio of 23.04 and a beta of 0.86. The stock’s 50-day moving average price is $58.97 and its 200-day moving average price is $55.52.
UMB Financial Corp. (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The company earned $242.70 million during the quarter, compared to analyst estimates of $240.10 million. UMB Financial Corp. had a net margin of 13.28% and a return on equity of 6.71%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS. Equities research analysts anticipate that UMB Financial Corp. will post $3.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 9th will be issued a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, September 7th. UMB Financial Corp.’s payout ratio is presently 38.28%.
A number of brokerages have commented on UMBF. Zacks Investment Research raised shares of UMB Financial Corp. from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Thursday, August 11th. Keefe, Bruyette & Woods upped their target price on shares of UMB Financial Corp. from $52.00 to $53.00 and gave the company a “market perform” rating in a report on Thursday, July 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $59.00.
In other news, EVP Christian R. Swett sold 1,518 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $60.51, for a total transaction of $91,854.18. Following the completion of the sale, the executive vice president now owns 5,746 shares of the company’s stock, valued at $347,690.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider J Walker Brian sold 3,047 shares of the company’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $60.45, for a total transaction of $184,191.15. Following the sale, the insider now directly owns 5,776 shares of the company’s stock, valued at approximately $349,159.20. The disclosure for this sale can be found here. 10.32% of the stock is currently owned by corporate insiders.
About UMB Financial Corp.
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