Amalgamated Bank lifted its holdings in shares of UMB Financial Co. (NASDAQ:UMBF – Get Rating) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,422 shares of the bank’s stock after buying an additional 515 shares during the period. Amalgamated Bank owned about 0.06% of UMB Financial worth $2,457,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of UMB Financial by 50.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 370 shares of the bank’s stock worth $31,000 after buying an additional 124 shares in the last quarter. Signaturefd LLC raised its stake in shares of UMB Financial by 39.9% during the 4th quarter. Signaturefd LLC now owns 568 shares of the bank’s stock worth $47,000 after buying an additional 162 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of UMB Financial by 93.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,109 shares of the bank’s stock worth $95,000 after buying an additional 536 shares in the last quarter. US Asset Management LLC purchased a new position in UMB Financial in the 4th quarter valued at approximately $109,000. Finally, Parallel Advisors LLC increased its stake in UMB Financial by 31.3% in the 4th quarter. Parallel Advisors LLC now owns 1,453 shares of the bank’s stock valued at $121,000 after purchasing an additional 346 shares in the last quarter. 87.42% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at UMB Financial
In other UMB Financial news, Director Janine Davidson acquired 500 shares of the firm’s stock in a transaction dated Thursday, May 4th. The shares were acquired at an average price of $53.56 per share, for a total transaction of $26,780.00. Following the completion of the acquisition, the director now directly owns 2,572 shares of the company’s stock, valued at $137,756.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 9.77% of the company’s stock.
UMB Financial Price Performance
UMB Financial (NASDAQ:UMBF – Get Rating) last announced its earnings results on Tuesday, April 25th. The bank reported $1.91 EPS for the quarter, meeting analysts’ consensus estimates of $1.91. The firm had revenue of $371.90 million for the quarter, compared to analysts’ expectations of $371.44 million. UMB Financial had a return on equity of 15.73% and a net margin of 22.22%. UMB Financial’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.17 EPS. On average, analysts forecast that UMB Financial Co. will post 7.64 EPS for the current fiscal year.
UMB Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Monday, June 12th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Friday, June 9th. UMB Financial’s dividend payout ratio (DPR) is 17.67%.
Analyst Upgrades and Downgrades
UMBF has been the subject of several research analyst reports. Wells Fargo & Company dropped their price objective on UMB Financial from $95.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 5th. Raymond James raised their price objective on UMB Financial from $73.00 to $77.00 in a research note on Thursday, April 27th. StockNews.com initiated coverage on UMB Financial in a research note on Thursday, May 18th. They issued a “sell” rating for the company. Finally, Keefe, Bruyette & Woods dropped their price objective on UMB Financial from $90.00 to $74.00 and set a “market perform” rating for the company in a research note on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, UMB Financial currently has an average rating of “Hold” and a consensus target price of $83.80.
UMB Financial Company Profile
UMB Financial Corp. engages in the provision of bank and asset services. It operates through the following segments: Commercial Banking, Institutional Banking, and Personal Banking. The Commercial Banking segment serves the commercial lending and leasing, capital markets, and treasury management needs of the company’s mid-market businesses and governmental entities by offering various products and services.
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