Strs Ohio Sells 300 Shares of UMB Financial Corporation (UMBF)
Strs Ohio cut its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,400 shares of the bank’s stock after selling 300 shares during the period. Strs Ohio’s holdings in UMB Financial Corporation were worth $404,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Tyers Asset Management LLC increased its position in shares of UMB Financial Corporation by 11.1% in the first quarter. Tyers Asset Management LLC now owns 1,440 shares of the bank’s stock worth $108,000 after buying an additional 144 shares during the period. Invictus RG acquired a new position in shares of UMB Financial Corporation during the first quarter worth $111,000. PNC Financial Services Group Inc. increased its position in shares of UMB Financial Corporation by 21.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,890 shares of the bank’s stock worth $143,000 after buying an additional 330 shares during the period. Elkfork Partners LLC increased its position in shares of UMB Financial Corporation by 11.1% in the first quarter. Elkfork Partners LLC now owns 1,980 shares of the bank’s stock worth $149,000 after buying an additional 198 shares during the period. Finally, Meadow Creek Investment Management LLC increased its position in shares of UMB Financial Corporation by 11.1% in the first quarter. Meadow Creek Investment Management LLC now owns 2,520 shares of the bank’s stock worth $190,000 after buying an additional 252 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.
UMB Financial Corporation (NASDAQ UMBF) opened at 67.43 on Thursday. The firm has a market cap of $3.37 billion, a P/E ratio of 19.48 and a beta of 0.86. The firm’s 50-day moving average price is $70.56 and its 200-day moving average price is $73.62. UMB Financial Corporation has a 12 month low of $57.31 and a 12 month high of $81.55.
UMB Financial Corporation (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by $0.02. The firm had revenue of $247.70 million during the quarter, compared to analysts’ expectations of $261.84 million. UMB Financial Corporation had a return on equity of 8.81% and a net margin of 16.59%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. On average, equities research analysts expect that UMB Financial Corporation will post $3.65 EPS for the current fiscal year.
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UMBF has been the topic of a number of recent analyst reports. Zacks Investment Research raised UMB Financial Corporation from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research report on Wednesday, June 28th. BidaskClub downgraded UMB Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Stephens set a $71.00 price target on UMB Financial Corporation and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Raymond James Financial, Inc. raised UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. Finally, UBS AG raised UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $77.40.
In other news, Director Alexander C. Kemper sold 2,500 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $74.65, for a total value of $186,625.00. Following the completion of the sale, the director now directly owns 11,309 shares of the company’s stock, valued at $844,216.85. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael D. Hagedorn sold 3,125 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $74.54, for a total transaction of $232,937.50. Following the completion of the sale, the insider now directly owns 66,743 shares of the company’s stock, valued at $4,975,023.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,225 shares of company stock valued at $2,043,235. Corporate insiders own 10.09% of the company’s stock.
About UMB Financial Corporation
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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