BlackRock Inc. trimmed its holdings in shares of UMB Financial Corp (NASDAQ:UMBF) by 1.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,292,522 shares of the bank’s stock after selling 72,192 shares during the period. BlackRock Inc. owned about 0.11% of UMB Financial worth $338,932,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisor Group Inc. boosted its holdings in shares of UMB Financial by 5.9% during the fourth quarter. Advisor Group Inc. now owns 3,432 shares of the bank’s stock worth $210,000 after purchasing an additional 192 shares during the period. Arizona State Retirement System boosted its holdings in shares of UMB Financial by 0.6% during the fourth quarter. Arizona State Retirement System now owns 32,218 shares of the bank’s stock worth $1,964,000 after purchasing an additional 204 shares during the period. Creative Planning boosted its holdings in shares of UMB Financial by 1.8% during the first quarter. Creative Planning now owns 16,117 shares of the bank’s stock worth $1,032,000 after purchasing an additional 288 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of UMB Financial by 2.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,848 shares of the bank’s stock worth $1,088,000 after purchasing an additional 375 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of UMB Financial by 14.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock worth $198,000 after purchasing an additional 408 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

In other UMB Financial news, Chairman J Mariner Kemper sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $69.24, for a total transaction of $207,720.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP James Cornelius sold 800 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $69.38, for a total transaction of $55,504.00. The disclosure for this sale can be found here. Insiders have sold 13,599 shares of company stock valued at $961,167 in the last ninety days. Insiders own 10.45% of the company’s stock.

UMBF has been the subject of a number of analyst reports. BidaskClub upgraded shares of UMB Financial from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Zacks Investment Research upgraded shares of UMB Financial from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Monday, April 29th. Stephens set a $74.00 target price on shares of UMB Financial and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Finally, Raymond James increased their target price on shares of UMB Financial from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $70.25.

UMBF stock opened at $63.64 on Thursday. UMB Financial Corp has a 1 year low of $57.00 and a 1 year high of $82.14. The stock has a market capitalization of $3.07 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.73 and a beta of 0.95. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.03.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, April 23rd. The bank reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.09. UMB Financial had a net margin of 16.66% and a return on equity of 8.90%. The company had revenue of $271.30 million during the quarter, compared to the consensus estimate of $262.18 million. During the same period in the prior year, the firm earned $1.18 earnings per share. UMB Financial’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts anticipate that UMB Financial Corp will post 4.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 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 1.89%. The ex-dividend date is Friday, June 7th. UMB Financial’s dividend payout ratio is 29.78%.

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UMB Financial Company Profile

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.

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

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